Optimal Policies for the Pricing and Replenishment of Fashion Apparel considering the Effect of Fashion Level

Table 1

Notations and descriptions.

variables
	length of replenishment cycle
	selling price per unit
	reservation price
	fashion level of apparel
	inventory level at time
	marginal profit
	order quantity
	demand rate
	average profit per unit time
parameters
	maximum sales period
	initial demand rate
	price parameter
	purchasing cost per unit
	inventory holding cost per unit
	deterioration rate of the fashion level
A	ordering cost per order