Gallego et al. [Gallego, G., G. Iyengar, R. Phillips, A. Dubey. 2004. Managing flexible products on a network. CORC Technical Report TR-2004-01, Department of Industrial Engineering and Operations Research, Columbia University, New York.] recently proposed a choice-based deterministic linear...

The life cycle of new products is becoming shorter and shorter in all markets. For electronic products, life cycles are measured in units of months, with 6- to 12-month life cycles being common. Given these short product life cycles, product demand is increasingly difficult to forecast....

Awell-known result in the Bayesian inventory management literature is: If lost sales are not observed, the Bayesian optimal inventory level is larger than the myopic inventory level (one should "stock more" to learn about the demand distribution). This result has been proven in other studies...