We consider a periodic review inventory control problem of perishable goods with a fixed lifetime. Instead of considering either FIFO or LIFO issuance policy, we incorporate customers’ behavior in the retail setting using a mixture of FIFO and LIFO issuance policy. First, we characterize...

In revenue management, the customer discrete choice model is essential to describe customer purchase behavior. The multinomial logit (MNL) model is a classical random utility-based choice model that assumes that the consumer can purchase only one product from a set of substitute products. The...