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The problem of joint decision of dynamic pricing and dynamic inventory is studied for an apparel supply chain consisting of a single manufacturer and a single retailer. Assume that the final demand follow Normal distribution and the retailer could learn the parameters of demand probability distribution by applying Bayesian formula. Then an optimization model is established to decide the optimal inventory...
This paper mainly introduces a distribution system, including one garment manufacturer and one retail store with the products entering into market by batch-wise in apparel industry. Under stochastic demand with price-elasticity, this paper studies price adjustment for twice. Then it gives the profit function of manufacturer and retail store separately, on the basis of this, constructs pricing and...
For SVM using Gaussian kernel, it was known that parameter /spl sigma/ changing from infinity to zero corresponds SVM model performing severe under-fitting to severe over-fitting. In this paper, we theoretically investigated the correspondence between Gaussian kernel's parameter and support vectors' distribution, interesting result was found: with /spl sigma/'s changing from big to small, the samples...
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