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W e develop a structural demand model that endogenously captures the effect of out-of-stocks on customer choice by simulating a time-varying set of available alternatives. Our estimation method uses store-level data on sales and partial information on product availability. Our model allows for...
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selling season with stochastic demand and there are no additional opportunities to replenish inventory. There are many … salvage value: all inventory left over at the end of the season is sold off at a fixed per-unit price. The fixed salvage value … season: a deep discount should be taken if there is plenty of inventory remaining at the end of the season, whereas a shallow …
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How different are retailers' inventory levels around the world? Specifically, are retailers' inventories constant … contingency - in which country effects can explain inventory differences around the world. I also show that this conclusion is …
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The inventory literature is replete with claims on business strategy to maximize operational efficiency and customers …' goodwill regarding the quality of products. A service system is composed of a number of entities, such as inventory of … research in inventory theory, in light of trade credit financing for uncertain demand of the customers, this study empirically …
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model to represent the retailer's inventory cost. We show that the optimal assortment has a simple structure and provide …
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sales. It also examines the impact of forecasting errors and inventory policies used by the retailers on the performance of … the supply chain. The methodology adopted in this study is computer simulation. Analyses of the simulation outputs show …
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