We study a retailer selling perishable products with fixed lifetime. Retailer's supply system is subject to random disruptions. Assuming a base-stock policy, deterministic demand and stationary parameters, we derive an expression for the expected cost function which consists of holding,...

We revisit the uncapacitated single-period joint assortment and inventory problem in the presence of dynamic (stockout-based) substitution behavior (i.e., the so-called "dynamic assortment problem"). This is a very important practical problem faced by many retailers; at the same time, it is also...