Maximizing revenue of end of life items in retail stores
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- 作者：Nizar Zaaroura ; n.zaarour@neu.edu" class="auth_mail" title="E-mail the corresponding author ; Emanuel Melachrinoudisb ; 1 ; emelas@coe.neu.edu" class="auth_mail" title="E-mail the corresponding author ; Marius M. Solomona ; 2 ; m.solomon@neu.edu" class="auth_mail" title="E-mail the corresponding author
- 关键词：(P) pricing ; Phase-out ; Elasticity of demand ; Markdown strategies
- 刊名：European Journal of Operational Research
- 出版年：2016
- 出版时间：16 November 2016
- 年：2016
- 卷：255
- 期：1
- 页码：133-141
- 全文大小：907 K
文摘
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Develop optimal markdown strategies that maximize revenue of phased-out items.
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Answering the questions of how much and for how long to discount the phased-out items.
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Develop optimal markdown strategies that depletes inventory within a phase-out time period.
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Determine salvage prices, if necessary, to sell the leftover inventory to third party retailers.