Joint Inventory and Markdown Management for Perishable Goods with Strategic Consumer Behavior

摘要: In this paper we formulate and analyze a novel model on firm’s dynamic inventory markdown decisions for perishable goods. We consider stochastic setting, where every period consists of two phases, clearance phase regular-sales phase. the phase, firm decides how much to order regular sales, as well whether some (or all) leftover from previous that will be disposed otherwise. Since strategic consumers may buy product during sales future consumption, cannibalize at price. Hence, needs make trade-off between spoilage intertemporal demand substitution. show should either put all discount or dispose it, choice depends amount period. particular, introduce when is higher than certain th...