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An optimal inventory pricing and ordering strategy subject to demand dependent on stock level and price

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Figure

Figure 1 Phase paths around the saddle equilibrium
Figure 2 λ(t) in region B1 between t →118.5AB= and T = 36 (see online version for colours)
Figure 3 λ(t) in region A between t = 0 and t →118.5AB= (see online version for colours)
Figure 4 Phase space path (x, λ) in region C (see online version for colours) 1.4 Phase space trajectory

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