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A firm faces random demand for a service it delivers on a given future date. To boost demand, the firm hires a sales agent who exerts unobservable effort continuously over time. The firm is concerned not only with increasing current demand, but also with smoothing demand over time to avoid...
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This paper studies the pre-order strategy that a seller may use to sell a perishable product in an uncertain market with heterogeneous consumers. By accepting pre-orders, the seller is able to obtain advance demand information for inventory planning and price-discriminate the consumers. Given...
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This paper studies the impact of supply reliability on a retail firm's performance under joint marketing and inventory decisions. The firm sells a product in a single selling season and can exert marketing effort to influence consumer demand. We develop a modeling framework to quantify the value...
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Inventory availability has been widely recognized as an important leverage to enhance the competitive edge of a firm. We study the competition between two retailers who compete on both price and inventory availability. Competition on inventory availability may have important implications on...
Persistent link: https://www.econbiz.de/10012897190
Trade-in remanufacturing is a commonly adopted business practice under which firms collect used products for remanufacturing by allowing repeat customers to trade in used products for upgraded ones at a discount price. This paper studies how customer purchasing behavior and remanufacturing...
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