Centralized and Competitive Inventory Models with Demand Substitution


A standard problem in operations literature is optimal stocking of substitutable products. We consider a very general consumer-driven substitution problem with an arbitrary number of products and a quite general substitution structure, both under centralized inventory management and competition. We obtain analytically tractable solutions that generalize and… (More)
DOI: 10.1287/opre.51.2.329.12788


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