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We study the problem of a retailer that maximizes profit through joint replenishment, pricing and removal decisions. This problem is motivated by the observation that retailers usually retain rights to remove inventory from their network either by returning it to the suppliers or through...
Persistent link: https://www.econbiz.de/10012949863
We consider a repeated newsvendor problem in which the decision-maker (DM) does not have access to the underlying demand distribution. The goal of the paper is to characterize the implications of demand censoring on performance. To that end, we compare the benchmark setting in which the DM has...
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We consider a single stage inventory system with stochastic capacity. The manager receives forecasts from the upstream source about future capacity availability within an information horizon, referred to as "advance supply information". We study two main questions: I) How can advance supply...
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