Inventory Management with Auctions and Other Sales Channels: Optimality of (s, S) Policies

  title={Inventory Management with Auctions and Other Sales Channels: Optimality of (s, S) Policies},
  author={Woonghee Tim Huh and Ganesh Janakiraman},
  journal={Management Science},
We study periodic-review inventory replenishment problems with fixed ordering costs, and show the optimality of (s, S) inventory replenishment policies. Inventory replenishment is instantaneous, i.e., the lead time is zero. We consider several sales mechanisms, e.g., auction mechanisms, name-your-own-price mechanisms, and multiple heterogeneous sales channels. We prove this result by showing that these models satisfy a condition given by Huh and Janakiraman (2004), which is sufficient for the… CONTINUE READING
Highly Cited
This paper has 26 citations. REVIEW CITATIONS

From This Paper

Topics from this paper.


Publications referenced by this paper.
Showing 1-10 of 14 references

Online Auction and List Price Revenue Management

Management Science • 2007
View 7 Excerpts
Highly Influenced

Information technology and medical group management.

The Journal of ambulatory care management • 2000
View 6 Excerpts
Highly Influenced

Optimal Pricing and Inventory Control Policy in PeriodicReview Systems with Fixed Ordering Cost and Lost Sales

Y. Chen, S. Ray, Y. Song.
Naval Research Logistics 53 (2): 117–136. • 2006
View 3 Excerpts
Highly Influenced

Dynamic Mechanism Design for Online Commerce

Operations Research • 2006
View 1 Excerpt