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In an environment that features second-degree price discrimination, this paper fully characterizes the set of surplus divisions that can arise from all possible information consumers have about their valuation. By extending the techniques developed in a companion paper (Yang, 2019a), I show that...
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This paper is concerned with a periodic review inventory system with fast and slow delivery modes, fixed ordering cost, and regular demand forecast updates. At the beginning of each period, on-hand inventory and demand information are updated. At the same time, decisions on how much to order...
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The paper proposes an approach to the two period inventory problem for items that have heterogeneous Poisson demands. A model is constructed whose appealing features reveals aspects of the nature of the optimal stocking problem that enable the manager to assess the degree to which demand is...
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