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E-commerce retail has witnessed a steady growth in sales with advances in digital technologies. However, one of the primary challenges that has plagued online retail is its inability to provide customers with the opportunity to “touch-and-feel” a product before purchasing, thereby resulting...
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We consider a joint assortment, inventory, and pricing problem of a retailer selling multiple vertically differentiated products of a single category. Consumers are heterogeneous in their willingness to pay for product quality. But the retailer only knows the distribution of consumer...
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