Barter Exchange as the Way to Deal with Excess Inventory : Newsvendor Problem with Multiplicative Demand
Barter exchange has been growing in popularity during the coronavirus pandemic. This article considers bartering introduced to the newsvendor model with multiplicative demand. The objective of the model is to specify the order quantity and retail price to maximize the expected profit. We distinguish...
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| Format: | Article |
| Language: | English |
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Wrocław University of Science and Technology
2022-01-01
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| Series: | Operations Research and Decisions |
| Online Access: | https://ord.pwr.edu.pl/assets/papers_archive/ord2022vol32no3_4.pdf |