Inventory control

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In this thesis, we consider two-stage newsvendor problem where the decision maker selling a seasonal product only uses the historical demand information in her decisions. In our setting, there are two decisions to be made: the order quantity, and a marked-down price. We decide o…

"Existing supply chain management books focus on logistics, operations management, and purchasing. Sanders provides supply chain managers with a completely unique approach, presenting SCM from a balanced, integrative, and business-oriented viewpoint. Rather than examining SCM as…