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Catalog sales are among the fastest growing businesses in the U.S. The most important asset a company in this industry has is its list of customers, called the house list. Building a house list is expensive, since the response rate of names from rental lists is low. Cash management therefore...
Persistent link: https://www.econbiz.de/10009209235
This paper studies intertemporal pricing policies when selling seasonal products in retail stores. We first present a continuous time model where a seller faces a stochastic arrival of customers with different valuations of the product. For this model, we characterize the optimal pricing...
Persistent link: https://www.econbiz.de/10009218238
We study production planning problems where multiple item categories are produced simultaneously. The items have random yields and are used to satisfy the demands of many products. These products have specification requirements that overlap. An item originally targeted to satisfy the demand of...
Persistent link: https://www.econbiz.de/10009197927