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The Effect of Supply Reliability in a Retail Setting with Joint Marketing and Inventory Decisions
Liu, Shaoxuan - 2008
This paper studies the impact of supply reliability on a retail firm's performance under joint marketing and inventory decisions. The firm sells a product in a single selling season and can exert marketing effort to influence consumer demand. We develop a modeling framework to quantify the value...
Persistent link: https://www.econbiz.de/10012722817
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Assortment Planning for Recommendations at Checkout under Inventory Constraints
Chen, Xi - 2019
In this paper, we consider a personalized assortment planning problem under inventory constraints, where the type of each arriving customer is defined by a primary item of interest. As long as that item is in stock, the customer adds it to her shopping cart, at which point the retailer can...
Persistent link: https://www.econbiz.de/10012902776
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Data-Driven Dynamic Pricing and Inventory Management of an Omni-Channel Retailer in an Uncertain Demand Environment
Liu, Shiyu; Wang, Jun; Wang, Rui; Zhang, Yue; Song, Yanjie - 2023
traditional dynamic pricing and inventory management problems, particularly in unpredictable market environments. Therefore, we … have developed a dynamic pricing, replenishment, and rationing model for omni-channel retailers using a two-level partially … dynamic pricing and inventory management problems …
Persistent link: https://www.econbiz.de/10014361147
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Structural Estimation of the Effect of Out-of-Stocks
Olivares, Marcelo - 2012
We develop a structural demand model that endogenously captures the effect of out-of-stocks on customer choice by simulating a time-varying set of available alternatives. Our estimation method uses store-level data on sales and partial information on product availability. Our model allows for...
Persistent link: https://www.econbiz.de/10013113814
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Retailer's inventory system in a two-level trade credit financing with selling price discount and partial order cancellations
Thangam, A. - In: Journal of industrial engineering international 10 (2014), pp. 1-12
In today's fast marketing over the Internet or online, many retailers want to trade at the same time and change their marketing strategy to attract more customers. Some of the customers may decide to cancel their orders partially with a retailer due to various reasons such as increase in...
Persistent link: https://www.econbiz.de/10010251259
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Retailer's inventory system in a two-level trade credit financing with selling price discount and partial order cancelations
Thangam, A. - In: Journal of industrial engineering international 11 (2015), pp. 159-170
In today’s fast marketing over the Internet or online, many retailers want to trade at the same time and change their marketing strategy to attract more customers. Some of the customers may decide to cancel their orders partially with a retailer due to various reasons such as increase in...
Persistent link: https://www.econbiz.de/10011557245
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Retail markdown price optimization and inventory allocation under demand parameter uncertainty
Vakhutinsky, Andrew - 2021
This paper discusses a prescriptive analytics approach to solving a joint markdown pricing and inventory allocation …
Persistent link: https://www.econbiz.de/10014088136
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Dynamic pricing for inventories with reference price effects
Chenavaz, Régis; Paraschiv, Corina - 2018
This article presents a dynamic pricing model of a retailer selling an inventory, accounting for consumer behavior. The … and to a reference price. The optimal dynamic pricing policy is solved with Pontryagin's maximum principle with a … structural (general) demand function. The authors obtain an original pricing rule, which explicitly accounts for the impact of …
Persistent link: https://www.econbiz.de/10011917292
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Dynamic pricing for inventories with reference price effects
Chenavaz, Régis; Paraschiv, Corina - 2018
This article presents a dynamic pricing model of a retailer selling an inventory, accounting for consumer behavior. The … and to a reference price. The optimal dynamic pricing policy is solved with Pontryagin's maximum principle with a … structural (general) demand function. They obtain an original pricing rule, which explicitly accounts for the impact of price and …
Persistent link: https://www.econbiz.de/10011866050
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Dynamic Pricing and Inventory Management Under Fluctuating Procurement Costs
Xiao, Guang - 2015
We consider a periodic review joint pricing and inventory control model in which a firm faces both stochastic demand … procurement cost process. This is because the firm makes its pricing and sourcing decisions in response to the realized cost in … each period. Moreover, we characterize how the firm should dynamically adjust its pricing and sourcing decisions in …
Persistent link: https://www.econbiz.de/10013027312