Stocking Decisions for a Firm With the Presence of Prudent Consumers

Stocking Decisions for a Firm With the Presence of Prudent Consumers

This article examines the stocking quantity for a firm in the presence of prudent consumers. First, we analyze the conditions for prudent consumers to purchase products based on the estimations of perceived value bias and product availability, and then solve the firm's optimal stocking decision...

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Bibliographic Details
Main Authors: Xiaoya Han, Yongyi Zhou
Format: Article
Language:English
Published: IEEE 2020-01-01
Series:IEEE Access
Subjects:
Market equilibrium
prudent purchasing behavior
perceived value bias
product availability
return rate
Online Access:https://ieeexplore.ieee.org/document/9139217/

Internet

https://ieeexplore.ieee.org/document/9139217/

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