Investigating the hidden losses caused by out-of-shelf events: A multi-agent-based simulation

Abstract

Out-of-shelf events refer to periods of time in which items of a certain product are not available to customers. It is clear that incidents of this nature result in economic loss, but their side effects are much more profound: since there is no record of missed sales opportunities, the estimated demand curve tends to be inaccurate. As a result, order… (More)

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