We explore the value of information (VOI) in the context of a retailer that provides a perishable product to consumers and receives replenishment from a single supplier. We assume a periodic review model with stochastic demand, lost sales, and order quantity restrictions. The product lifetime

consumers are inundated with choices. Electronic retailers and content providers offer a huge selection of products, with unprecedented opportunities to meet a variety of special needs and tastes. Matching consumers with the most appropriate products is key to enhancing user satisfaction and loyalty

There have been many claims that the Internet represents a new nearly “frictionless market. ” Our research empirically analyzes the characteristics of the Internet as a channel for two categories of homogeneous products—books and CDs. Using a data set of over 8,500 price observations collected over

has been a very rewarding and challenging experience for me.

Abstract. The permutation model of set theory with atoms (FM-sets), devised by Fraenkel and Mostowski in the 1930s, supports notions of ‘name-abstraction ’ and ‘fresh name ’ that provide a new way to represent, compute with, and reason about the syntax of formal systems involving variable

Production of fresh vegetables for export has grown rapidly in a number of countries in sub-Saharan African over the past decade. This trade brings producers and exporters based in Africa together with importers and retailers in Europe. Large retailers in Europe play a decisive role in structuring

The development of Retailer Brands (RB) in the fresh food sector (meats, fruits and vegetables, fish) is a recent phenomenon closely linked to the food and sanitation crises of the last few years. Even as public authorities were creating new approaches to use in controlling sanitation, tightening

in the video retail industry using a nested fixed-point algorithm solution. The results imply significant payoffs to product differentiation. Simulations illustrate the tradeoff between demand and intensified competition and the extent to which markets with larger product spaces, and thus more scope

Software agents help automate a variety of tasks including those involved in buying and selling products over the Internet. Although shopping agents provide convenience for consumers and yield more efficient markets, today's first-generation shopping agents are limited to comparing merchant

by eight themes. The themes identified were the perceptions of freshness, Halal assurance, having good relationships with retailers, good quality meat, competitive price, convenience, varieties of products to choose from and retail outlets that have a good and pleasant environment for shoppers. Despite