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• W2060197710 abstract "We develop a model for a one-time special purchasing opportunity where there is uncertainty with respect to the materialization of the discounted purchasing offer. Our model captures the phenomenon of an anticipated future event that may or may not lead to a discounted offer. We analyze the model and show that the optimal solution results from a tradeoff between preparing for the special offer and staying with the regular ordering policy. We quantify the tradeoff and find that the optimal solution is one of four intuitive policies. We present numerical illustrations that provide additional insights on the relationship between the different ordering policies." @default.
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• W2060197710 date "2015-08-01" @default.
• W2060197710 modified "2023-09-27" @default.
• W2060197710 title "Optimal ordering for a probabilistic one-time discount" @default.
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• W2060197710 doi "https://doi.org/10.1016/j.ejor.2015.02.020" @default.
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