Inventory rationing with multiple demand classes : The case of group buying

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

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Detail(s)

Original languageEnglish
Pages (from-to)404-408
Journal / PublicationOperations Research Letters
Volume40
Issue number5
Publication statusPublished - Sep 2012

Abstract

Web-based group buying is practised in many businesses nowadays. Noting that the group-buying mechanism is often used with traditional selling methods, this paper develops models in which sellers provide customers with a group-buying option and a regular spot-selling option. We prove the optimality of a threshold rationing policy. Our findings help those sellers who offer multiple selling options in designing and implementing an efficient demand and inventory management system. © 2012 Elsevier B.V. All rights reserved.

Research Area(s)

  • Group buying, Inventory rationing, Lead time

Citation Format(s)

Inventory rationing with multiple demand classes : The case of group buying. / Chen, Zhiyuan; Liang, Xiaoying; Wang, Haifeng et al.

In: Operations Research Letters, Vol. 40, No. 5, 09.2012, p. 404-408.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review