LIU, Jue; Pang, Zhan; Qi, Linggang - 2021
We consider a retail firm selling a durable product in a volatile market where the demand is price-sensitive and random … the demand distribution. Assuming that the demand model is of the multiplicative form and unmet demand is partially … set of regularity conditions on demand models and show that the state-dependent base-stock list-price policy is optimal …