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A duopoly model of pricing for inventory liquidation

✍ Scribed by Sushil Bikhchandani; John W. Mamer


Publisher
Elsevier Science
Year
1993
Tongue
English
Weight
609 KB
Volume
69
Category
Article
ISSN
0377-2217

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An inventory model with search for best
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## Abstract This paper presents a single‐item inventory model with deterministic demand where the buyer is allowed to search for the most favorable price before deciding on the order quantity. In the beginning of each period, a sequential random sample can be taken from a known distribution and the