Bayesian Inventory Planning with Imperfect Demand Estimation in Online Flash Sale

Abstract

Daily deal, or flash sale, websites offer limited quantity of selected brands and products for a short period of time. The idea is that short-term sales event of branded products drives consumer interest. Flash sale sites like vip.com negotiate great deals from various vendors on a limited quantity of selected products. In operation, all merchandises need… (More)
DOI: 10.5220/0005632303430348

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