Besbes, Omar; Maglaras, Costis - In: Management Science 58 (2012) 9, pp. 1715-1731
We study a seller that starts with an initial inventory of goods, has a target horizon over which to sell the goods, and is subject to a set of financial <i>milestone</i> constraints on the revenues and sales that need to be achieved at different time points along the sales horizon. We characterize the...