The price-setting limited clearance sale inventory model

@article{Biswas2018ThePL,
  title={The price-setting limited clearance sale inventory model},
  author={Indranil Biswas and Balram Avittathur},
  journal={Annals of Operations Research},
  year={2018},
  pages={1-17}
}
The classical newsvendor problem decides the optimal order quantity for a single period, with the assumptions that both the selling price and the end of period salvage value are fixed. However, the salvage value or clearance price in many instances depends on the leftover inventory. A fixed salvage value assumption could lead to suboptimal decisions in many situations. In this paper we determine the optimal pricing and ordering decision for a limited clearance sale inventory model using… Expand
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