Ordering, pricing, and lead-time quotation under lead-time and demand uncertainty

• Main Authors: WU, Zhengping, Kazaz, Burak, Webster, Scott, YANG, Kum Khiong
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: newsvendor problem; pricing; lead-time quotation; inventory; revenue management; Business Administration, Management, and Operations
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3230; https://onlinelibrary.wiley.com/doi/10.1111/j.1937-5956.2011.01289.x/abstract
• Institution: Singapore Management University

In this article, we study the newsvendor problem with endogenous setting of price and quoted lead-time. This problem can be observed in situations where a firm orders semi-finished product prior to the selling season and customizes the product in response to customer orders during the selling season...