Managing demand uncertainty: Probabilistic selling versus inventory substitution
نویسندگان
چکیده
منابع مشابه
Simulating the Demand Reshaping and Substitution Effects of Probabilistic Selling
This paper addresses the effect of probabilistic selling on inventory decisions and the expected profit through demand reshaping and demand substitution. By considering a scenario with two higher-priced specific products and one lower-priced probabilistic product, we construct a new newsboy-type inventory model with demand reshaping and substitution. A simulation study is implemented to explore...
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ژورنال
عنوان ژورنال: International Journal of Production Economics
سال: 2018
ISSN: 0925-5273
DOI: 10.1016/j.ijpe.2017.10.001