This paper attempts to model the profitability of a secondary market, in a newsvendor setting, to a profit-maximizing manufacturer, who is offering to the retailer a buyback policy for the unsold merchandise left at the end of the selling season. With a buyback agreement, the manufacturer shares...

This paper analyzes the manufacturers' strategy of optimizing the direct rebate to the final customer and the wholesale price to a profit-maximizing retailer with a price-dependent stochastic demand. The manufacturer possesses full information about the cost and the functional relationship among...

This paper analyses a single-period decision of a retailer facing uncertain and price dependent demand. The typical modeling of the problem in a newsvendor framework assumes the unfulfilled demand to be lost once and for all. However, in reality, there may be an opportunity to backlog the lost...