We consider a problem faced by a procurement manager who needs to purchase a large volume of multiple items over multiple periods from multiple suppliers that provide base prices and discounts. Discounts are contingent on meeting various conditions on total volume or spend, and some are tied to future realizations of random events that can be mutually verified. We formulate a scenario-based mul...

This paper is concerned with how retailers, supermarkets in particular, communicate price discounts and use unadvertised specials. A common practice for supermarkets is to communicate price deals on some products through newspaper advertisements, while communicating discounts on other products through in-store mechanisms such as shelftalkers. This raises the question: So far as store choice is ...

In this study we investigate the performance of investment trust new issues during their first 750 days of trading. Research on the initial performance of new issues has documented that abnormal returns are obtained during the first day of trading. We compare the performance of investment trust new issues with the performance of size and style-based matching investment trusts taking the multina...

We use new TRACE data to investigate the liquidity and pricing of agency mortgagebacked pass-through securities. We distinguish between two trading channels -a To-BeAnnounced (TBA) forward delivery market and a specified-pool market. Institutional specified-pool traders in the deep end of the market have easy access to the TBA market, while retail specified-pool traders in the shallow end of th...

We extend the fundamental theorem of asset pricing to a model where the risky stock is subject to proportional transaction costs in the form of bid-ask spreads and the bank account has different interest rates for borrowing and lending. We show that such a model is free of arbitrage if and only if one can embed in it a friction-free model that is itself free of arbitrage, in the sense that ther...

Purpose – Studies on optimal discount levels have sometimes yielded contradictory results, leaving practitioners with unclear direction. This paper proposes clarifying the optimum discount levels. Design/methodology/approach – This study asked 453 consumers to choose their own optimal discount levels (from 0-80 percent) for eight product categories across two distribution channels (physical sto...

In many real-life situations, there are “package deals”, when customers who buy two or more different items get a special discount. For example, when planning a trip, a deal including airfare and hotel costs less than the airfare and hotel on their own; there are often also special deals when we combine airfare with car rental, and deals that cover all three items plus tickets to local tourist ...

This study aims to determine the effect of product quality, discounts, and promotions on purchasing decisions: an empirical Griya Department Stores. The method used in this is multiple regression analysis. data primary collected through collecting questionnaires from 100 Store customers. Empirical investigations show that quality promotional power have a strong influence decisions. While price ...

In this paper, we analyze the impact of supplier pricing schemes and supplier capacity limitations on the optimal sourcing policy for a single firm. We consider the situation where the total quantity to be procured for a single period is known by the firm and communicated to the supplier set. In response to this communication, each supplier quotes a price and a capacity limit in terms of a maxi...