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

@article{Huh2008InventoryMW,
  title={Inventory Management with Auctions and Other Sales Channels: Optimality of (s, S) Policies},
  author={Woonghee Tim Huh and Ganesh Janakiraman},
  journal={Management Science},
  year={2008},
  volume={54},
  pages={139-150}
}
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
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