Although take-it-or-leave-it pricing is the main mode of operation for many retailers, a number of retailers discreetly allow price negotiation when some haggle-prone customers ask for a bargain. At these retailers, the posted price, which itself is subject to dynamic adjustments in response to...

Transshipment is one of the most effective policies to reduce the mismatch between supply and demand. Consumers show distinguished behaviors when facing stockout: some may accept transshipped items, some may search in another store by themselves, and others may give up buying. We define the...

One of the challenging issues in developing analytical tools to assist the multi-product (item) procurement decisions is how attributes (features) of products can be accommodated to address the substitution effect. It is challenging because the historical sales data seldomly captures whether a...

Inventory management for a new product is challenging due to the lack of historical data, and sales data cannot fully capture the actual demand as excess demand is usually unobservable. Meanwhile, demand-related features are available in the era of big data. We study how to determine the...