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Persistent link: https://www.econbiz.de/10015142211
impact not only a firm's decision to sell in advance, but also its pricing and capacity allocation decisions. …
Persistent link: https://www.econbiz.de/10005751537
impact not only a firm's decision to sell in advance, but also its pricing and capacity allocation decisions. …
Persistent link: https://www.econbiz.de/10008539535
This paper uses a unique U.S. airlines panel data set to empirically study the dynamic pricing of inventories with … uncertain demand over a finite horizon. I estimate a dynamic pricing equation and a dynamic demand equation that jointly …
Persistent link: https://www.econbiz.de/10011110774
We address the value of quick response production practices when selling to a forward-looking consumer population with uncertain, heterogeneous valuations for a product. Consumers have the option of purchasing the product early, before its value has been learned, or delaying the purchase...
Persistent link: https://www.econbiz.de/10010990465
Good demand estimates are the key to effective pricing decision-making. However, they are subject to a high degree of … uncertainty due to various factors that are unpredictable or difficult to model, thus making pricing decisions risky. This …
Persistent link: https://www.econbiz.de/10011043234
pricing decisions for a given selling period. We also consider the case when the demand is price-sensitive deterministic and … before receiving the supply, called simultaneous pricing and the case when the price is set after receiving it, which is … called postponed pricing. We develop a procedure for finding the optimal policy for the retailer with general distributions …
Persistent link: https://www.econbiz.de/10010723227
Persistent link: https://www.econbiz.de/10015011836
We examine two different models of manufacturer-retailer successive monopoly with retail demand uncertainty. In the first, both manufacturer and retailer are symmetrically uninformed about demand. Equilibrium exists if and only if the marginal costs of production and storage are sufficiently...
Persistent link: https://www.econbiz.de/10005578928
This paper considers a firm's price and inventory policy when it faces uncertain demand that depends on both price and inventory level. The authors extend the classic newsvendor model by assuming that expected utility maximizing consumers choose between visiting the firm and consuming an...
Persistent link: https://www.econbiz.de/10009191946