Fleischmann, Moritz; Hall, Hall, J.M.; Pyke, Pyke, D.F. - Erasmus Research Institute of Management (ERIM), … - 2005
captures a price/demand effect as well as a stockpiling/consumption effect – price and market stockpile influence demand …, demand influences consumption, and consumption influences the market stockpile. The decision variable is the unit sales price … periods. Traditional operations models typically assume exogenous demand, thereby ignoring some of the market dynamics. Herein …