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Waiting Time in an (S-1,S) Inventory System

โœ Scribed by Isamu Higa, Arlin M. Feyerherm and Arlette L. Machado


Book ID
123686527
Publisher
INFORMS
Year
1975
Tongue
English
Weight
228 KB
Volume
23
Category
Article
ISSN
0030-364X

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Production, inventory and waiting time
โœ Gil S. Epstein ๐Ÿ“‚ Article ๐Ÿ“… 2007 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 172 KB

## Abstract In this paper, I introduce the idea of adjusting waiting time as an alternative to price adjustment in order to study the relationship between waiting time, demand, profits and inventories. In the model, demand depends on both price and waiting time. Consumers are willing to pay more if