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decision making is coming to an understanding, and learning how to act. A set of behavioral implications (such as … experimentation, habits, imitation, empathy, etc..) follows as patterns of learning in different contexts. Further, conventions emerge … as a means of stabilizing mutual expectations. Stability of conventions on the one hand and learning over time on the …
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This research aims at establishing a connection between the theory and practice of retail revenue management by designing a decision support system based on the experience acquired from several applied research projects at various retailers. With this system, users are expected to be able to...
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We approach the newsvendor with pricing problem as a practitioner who must model demand as a function of price. Previous work required strong assumptions about demand curves, making practical implementation of results problematical. Instead, we assume that customers have reservation prices which...
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Purpose – The purpose of this paper is to evaluate the interaction between inventory availability (scarcity) and pricing levels (price-leadership (PL)), and its effect on product returns in the internet retail supply chain. Specifically, this paper investigates how supply chain managers can...
Persistent link: https://www.econbiz.de/10014781174
Purpose – This paper studies a supply chain consisting of multiple suppliers and a single buyer. It considers the case where a set of heterogeneous trucks is used for transporting products, and develops a mathematical model that coordinates the supply chain. The purpose of this paper is to...
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