Browsing Department of Business and Management Science by Subject "market engineering"
Now showing items 1-2 of 2
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Channel Coordination in a Multi-period Newsvendor Model with Dynamic, Price-dependent Stochastic Demand
(Discussion paper;6/16, Working paper, 2016-03-17)In this study, we extend the single-period newsvendor problem with stochastic demand into a multi-period and time-dependent one and find a solution for it. We analyze the multi-period newsvendor problem with stochastic ... -
Markets With Memory: Dynamic Channel Optimization Models With Price-Dependent Stochastic Demand
(Discussion paper;8/19, Working paper, 2019-09-09)Almost every vendor faces uncertain and time-varying demand. Inventory level and price optimization while catering to stochastic demand are conventionally formulated as variants of newsvendor problem. Despite its ubiquity ...