It is common in practice that retailers liquidate unsold perishable goods via clearance pricing. Markdown money is frequently used between manufacturers and retailers in such a supply chain setting. It is a form of rebate from a manufacturer to subsidize a retailer’s clearance pricing after the regular season. Two forms of markdown money are percent markdown money, in which the markdown money i...

Transshipment in retailing is a practice where one outlet ships its excess inventory to another with shortages. By balancing inventories, transshipment can reduce waste and increase fill rate at the same time. In “Separation of Perishable Inventories Offline Retailing Through Transshipment,” Li, Yu, Du explore idea transshipping perishable goods fixed finite lifetime offline grocery retailing. ...

This essay presents a model of the effects of an increase in the quantity of money introducedthrough loan markets under rigid assumptions. It traces those effects through loan markets and resourcemarkets. Its main contribution is its focus on two different consumer goods industries: a durable goodindustry with a long period of production and a perishable good industry with a short p...

The “Intelligent Container” is a sensor network used for the management of logistic processes, especially for perishable goods such as fruit and vegetables. The system measures relevant parameters such as temperature and humidity. The concept of “cognitive systems” provides an adequate description of the complex supervision tasks and sensor data handling. The cognitive system can make use of se...

The original double auction studies of supply and demand markets established their strong efficiency and equilibrium convergence behavior using economically unsophisticated and untrained subjects. The results were unexpected because all individual costs and values were private and dependent entirely on the market trading process to aggregate the dispersed information into socially desirable out...