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We consider a single-period assortment planning and inventory management problem for a retailer, using a locational choice model to represent consumer demand. We first determine the optimal variety, product location, and inventory decisions under static substitution, and show that the optimal...
Persistent link: https://www.econbiz.de/10009197445
This paper studies assortment planning and pricing for a product category with heterogeneous product types from two …
Persistent link: https://www.econbiz.de/10009293042
channel. This work studies the pricing and assortment decisions in such a supply chain in the presence of inventory costs. In … manufacturer and the retailer. This model produces several insights into the optimal pricing strategies of the manufacturer. For …
Persistent link: https://www.econbiz.de/10011190770
We analyze the problem of determining inventory and pricing decisions in a two-period retail setting when an … opportunity to refine information about uncertain demand is available. The model extends the newsvendor problem with pricing by …
Persistent link: https://www.econbiz.de/10009218508
quantities of products to stimulate demand, we study inventory management and pricing policies when demand is uncertain but … the influence of price and stocking quantity on the demand distribution. For this model, we show that the pricing and …
Persistent link: https://www.econbiz.de/10009218542
of a posterior PM policy on consumers' purchasing behavior, a seller's pricing and inventory decisions, and their …
Persistent link: https://www.econbiz.de/10009218836
The impact of bundling of products in a supply chain has not been studied in the operations management literature. Furthermore, the existing models on bundling have analysed the impact of bundling on the retailer's profits and ignored its impact on the supplier's operations. We consider an...
Persistent link: https://www.econbiz.de/10010667489
In this paper we first show that the gains achievable by integrating pricing and inventory control are usually small … provide some analytical results for this more complex model. We thus conclude that integrated pricing/inventory models could …
Persistent link: https://www.econbiz.de/10010615524
We model a situation in which two retailers consider launching an "Advance Booking Discount" (ABD) program. In this program, customers are enticed to precommit their orders at a discount price prior to the regular selling season. However, these precommitted orders are filled during the selling...
Persistent link: https://www.econbiz.de/10009191839
This paper considers the long run, profit maximizing strategy of a distributor that holds a good (good 1) in inventory for immediate delivery and that offers a second good (good 2) for delayed delivery. When the two goods are substitutes, an out-of-stock situation for good 1 will cause some...
Persistent link: https://www.econbiz.de/10009198154