We study a newsvendor who sells a perishable asset over repeated sales seasons to loss averse consumers. We identify conditions under which the expected price can be increasing in the consumer loss aversion level, and numerically show that the firm can prefer low and moderate levels of demand variability over no demand uncertainty. Moreover, we obtain a set of counterintuitive insights on how c...

This article analyzes a supply chain management system (SCM), with two echelons. We consider a perishable inventory with Poisson demand, exponential life time and positive lead time at distribution center (DC) and retailer. Partial backlogging at retailer node is assumed with limited quantity. (s, S) policy at retailer and (M-1, M) policy at DC are assumed to get a tractable analytic solution. ...

<p style='text-indent:20px;'>Perishable products like dairy products, vegetables, fruits, pharmaceuticals, etc. lose their freshness over time and become completely obsolete after a certain period. Customers generally prefer the fresh aged ones, leading perishable to have decreasing demand function with respect age. We analyze inventory management pricing decisions for these considering a...

In recent years trade with highly perishable agricultural products like fresh fish, berries, and cut flowers has increased substantially. The perishability of these appears to challenge conventional wisdom when it comes food trade, which emphasizes the importance large shipments reduce transportation costs. this paper, gravity models several margins are estimated for salmon, a product. results ...