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| Author: | Eynan, A. Fouque, T. |
| Title: | Capturing the risk-pooling effect through demand reshape |
| Journal: | Management Science
2003 : JUN, VOL. 49:6, p. 704-717 |
| Index terms: | Consolidation Demand Inventory control Multiproduct companies Substitute goods |
| Language: | eng |
| Abstract: | It has been documented that the risk-pooling effect benefits inventory systems by reducing the need for safety stock and consequently lowers costs. The authors propose a new approach they call "demand reshape", to take advantage of the risk-pooling efect. It is demonstrated that a company can improve its profit by encouraging some of its customers, who intended to purchase one product to switch to another. |
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