| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1142600 | Operations Research Letters | 2010 | 7 Pages |
Abstract
We show for products featuring an exponential demand with Gamma prior, if the demand forecast improves over time and the manufacturer sets the wholesale price, the expected order size increases when the order is placed later. Both the manufacturer and the retailer gain when the order is placed later.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Chunyang Tong,