The economics of selection of mail order
โ
Nissan Levin; Jacob Zahavi
๐
Article
๐
2001
๐
John Wiley and Sons
๐
English
โ 200 KB
We discuss the economics of selection of mail orders involving pricing and inventory considerations. We use a probabilistic approach to account for customer choice uncertainty, and offer an approximate approach to account for time uncertainty and model specification errors. The model makes use of th