In times of demand shocks, when quantitative forecasting based on historical time series becomes obsolete, the only information about future demand is "advance demand information", i.e. interpreting early customer bookings as an indicator of not yet known demand. This paper deals with a...

In this paper we first show that the gains achievable by integrating pricing and inventory control are usually small for classical demand functions. We then introduce reference price models and demonstrate that for this class of demand functions the benefits of integration with inventory control...