A merchant sells a product over a selling season of T time periods in presence of a limited inventory. The merchant observes new external information at the beginning of each time period and then sets a price for that time period. Initially, the merchant does not know the distribution of the...

The exact analysis of optimal ordering policies for periodic-review perishable inventory systems is challenging because of their high-dimensional state space arising from multiple interrelated ordering decisions over many periods and age distributions of on-hand products. We develop a new...

Online purchases constitute about one tenth of US retail sales. The supply chains that support online retailing are fundamentally different from those that support traditional brick-and-mortar stores. Traditional solutions are not always appropriate to solve online retailing's operations...