Essays on Inventory , Pricing and Financial Trading Strategies

@inproceedings{Lu2010EssaysOI,
  title={Essays on Inventory , Pricing and Financial Trading Strategies},
  author={Ye Lu and Dimitris Bertsimas},
  year={2010}
}
In a multi-product market, if one product stocks out, consumers may substitute to competing products. In this thesis, we use an axiomatic approach to characterize a price-dependent demand substitution rule, and provide a sufficient and necessary condition for demand models where our demand substitution rule applies. Our results can serve as a link between… CONTINUE READING