On jointly optimising the changes of seasonable goods and inventory replenishment

摘要: Retailers often need to replace soon-to-be-unseasonable products with new seasonable goods when the season changes. The trade-off for such activities involves choosing between salvage loss of unseasonable product and profit selling early. This article develops a periodic-review inventory model planning changes state-dependent demand cost parameters. We show that single-period optimal policy is threshold based on initial goods. corresponding follows Purchase-Keep-Dispose if incumbent kept or base-stock replaced. Numerically, we find structure multi-period resembles model. propose heuristic solve demonstrate its effectiveness. Our research provides insights into dynamically managing season...