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- Title
OPTIMAL STOCK REPLENISHMENT STRATEGIES IN RESPONSE TO TEMPORARY PRICE REDUCTIONS.
- Authors
Tersine, Richard J.; Schwarzkopf, Albert B.
- Abstract
The familiar model for determining the optimal stock replenishment strategy for a temporary price reduction assumes a buyer has limited replenishment opportunities before the sales period expires. This article extends the model to include multiple replenishment opportunities. Optimal replenishment strategies are developed for any length of sale time horizon and cost savings are devised for alternative ordering strategies.
- Subjects
STOCK prices; COST of sales; MARKETING strategy; COST accounting; SALES; PRICING
- Publication
Journal of Business Logistics, 1989, Vol 10, Issue 2, p123
- ISSN
0735-3766
- Publication type
Article