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Retailers can exploit the consumer willingness to substitute to improve their profit, service level and waste. This paper investigates to what extent such improvement can be realised by the replenishment decisions. Two order policies are compared: one policy neglecting product substitution, and...
Persistent link: https://www.econbiz.de/10012428255
Retailers can exploit the consumer willingness to substitute to improve their profit, service level and waste. This paper investigates to what extent such improvement can be realised by the replenishment decisions. Two order policies are compared: one policy neglecting product substitution, and...
Persistent link: https://www.econbiz.de/10014542127