Title:
Purchasing Speculative Inventory for Price Sensitive Demand
Purchasing Speculative Inventory for Price Sensitive Demand
Author(s)
Ferguson, Mark E.
Ketzenberg, Michael E.
Kuik, Roelof
Ketzenberg, Michael E.
Kuik, Roelof
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Abstract
The problem studied is one of buying and selling products cost eficiently over a number of periods in a finite horizon setting. Unit purchase costs vary across periods acording to some known distribution and demand is deterministic but dependent on the price charged for the product. Thus, the problem becomes one of exploiting opportunities to “forward buy” and sell profitably in the face of costs for carrying product.
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Date Issued
2006-09-16
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294366 bytes
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Text
Resource Subtype
Working Paper