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We consider a firm (e.g., retailer) selling a single nonperishable product over a finite-period planning horizon. Demand in each period is stochastic and price-dependent, and unsatisfied demands are backlogged. At the beginning of each period, the firm determines its selling price and inventory...
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This paper proposes that sales and demands information are equally important in the supply chain. It discusses the role of factors in chorological forecasting and puts forth the supply chain collaborative forecasting methods based on factors and presents the relevant empirical studies. In the...
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