SEEM5630 Stochastic Inventory and Revenue Management

This course is to equip students with the skills that enable them to formulate and analyse stochastic inventory and revenue management models. The fundamental concepts, methods, and results are presented, with an emphasis on the foundation of dynamic optimization. The topics in inventory management include the classical [r.Q] / [s.S] models, and multi-echelon systems, and those in revenue management include dynamic pricing and booking controls and choice models.