Khouja, Moutaz; Park, Sungjune; Zhou, Jing - In: Omega 41 (2013) 4, pp. 665-678
In this paper, we develop a newsvendor model in which the retailer gives “free” gift cards to consumers who purchase a regularly priced product at the end of the selling season instead of discounting the product. The model is developed for a market with patient consumers. We derive the...