infinite horizon. In each period, the retailer has the option to sell old (leftover inventory from previous period) and new … multinomial logit (MNL) model. Demand substitution is also modeled. We analyze different classes of inventory and pricing control …, prices for old and new products - depend on the inventory of old products? We attempt to answer these questions in the paper …

Inventory management is an essential aspect of any business. Researchers and practitioners try to incorporate the best … inventory management solutions in practice. Single period inventory decisions are widely applicable where products/services have …