On inventory control with reference prices: a technical note

Yigal Gerchak

International Journal of Inventory Research, 2018, vol. 5, issue 1, 29-37

Abstract: A retailer sets prices, as well as, simultaneously, selects quantities to order from the supplier. We consider a two-period setting where the second period's demand depends on the first period's ('reference') price, as well as on the second period price. We consider a linear-additive demand function as well as a novel iso-elastic multiplicative model.

Keywords: inventory control; reference price; stochastic demand. (search for similar items in EconPapers)
Date: 2018
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