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- W2056992004 abstract "This paper solves the optimal inventory policy when both the supplier and the users can hold inventory: The supplier can hold the good until such a time as a buyer wishes to purchase it; a user can purchase a good before he needs it and hold it until the need arises, or delay the purchase and incur a shortage. The welfare-maximizing policy is shown to require periods of shortage in which no sales are made. We also show that the profit-maximizing policy will involve shorter periods of no-sales than does the welfare-maximizing policy." @default.
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- W2056992004 date "1990-11-01" @default.
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- W2056992004 title "Optimal sales to users who hold inventory" @default.
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- W2056992004 doi "https://doi.org/10.1016/0165-1765(90)90119-l" @default.
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