On the effect of demand randomness on inventory, pricing and profit
We consider a stocking-factor-elasticity approach for pricing newsvendor facing multiplicative demand uncertainty with lost sales. For a class of iso-elastic demand curves, we prove that optimal order quantity decreases in demand uncertainty for zero salvage value. This contrasts with fixed-price ne...
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| Main Authors: | , |
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| 格式: | Article |
| 語言: | English |
| 出版: |
2015
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| 在線閱讀: | https://hdl.handle.net/10356/79324 http://hdl.handle.net/10220/38534 |
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