Joint pricing and inventory decision under a probabilistic selling strategy
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DOI: 10.1007/s12351-020-00599-x
Abstract: This study examines whether probabilistic selling could enhance inventory management considering market size uncertainty in a rather general setting. We propose to study the impact of probabilistic selling on the profit, price and order quantity… read more here.
Keywords: inventory decision; joint pricing; pricing inventory; probabilistic selling ... See more keywords
Managing demand uncertainty: Probabilistic selling versus inventory substitution
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DOI: 10.1016/j.ijpe.2017.10.001
Abstract: Abstract Demand variability is prevailing in the current rapidly changing business environment, which makes it difficult for a retailer that sells multiple substitutable products to determine the optimal inventory. To combat demand uncertainty, both strategies… read more here.
Keywords: demand uncertainty; demand; probabilistic selling; substitution ... See more keywords