We study the ex ante minimization of market inefficiency, defined in terms of minimum deviation of market prices from fundamental values, from a centralized planner’s perspective. Prices are pres…
Transshipment in retailing is a practice where one outlet ships its excess inventory to another outlet with inventory shortages. By balancing inventories, transshipment can reduce waste and increas…
We propose a back-to-back procedure for running personalized promotions in retail operations contexts, from the construction of a nonparametric choice model where customer preferences are represent…