On the interaction between retailer's inventory policies and manufacturer trade deals in response to supply-uncertainty occurrences

On the interaction between retailer's inventory policies and manufacturer trade deals in response to supply-uncertainty occurrences

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Article ID: iaor200747
Country: Netherlands
Volume: 143
Issue: 1
Start Page Number: 45
End Page Number: 58
Publication Date: Mar 2006
Journal: Annals of Operations Research
Authors: , ,
Abstract:

This paper models a retailer's response to temporary manufacturer's trade deals characterized by a time interval of random length and of uncertain duration. Uncertainty is handled primarily through the establishment of a reordering point, which serves as a trigger mechanism for new special orders. The timing at which this point is activated becomes another decision variable to be determined optimally. The model generates relatively easy-to-implement ordering policies, applicable to any probability distribution.

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