OPTIMAL INVENTORY STOCKING LEVELS WITH DEMAND TRANSFERENCE AMONG PRODUCTS
Decision SciencesPublished 1 January 1978
J. P. Matthews
Citations4
SJR quartileQ1
SJR score1.62
SNIP1.46
Generate an AI Snapshot to get a quick, structured summary of this paper.
Study Snapshot
ObjectiveStudy objective
MethodsResearch methodology
PopulationPopulation studied
Sample sizeSample sizes
OutcomesStudy outcomes here
ResultsStudy results comes here
LimitationsResearch study limitations comes here
A concise AI-generated summary of the paper will appear here once you click Generate AI Snapshot.
Abstract
ABSTRACT When a product is temporarily unavailable it is not uncommon to find consumers buying a related product rather than postponing the purchase until the former is back in stock. This phenomenon may be observed in the sale of cigarettes, candy bars, different‐sized packages of milk, lawn fertilizer, brands of wine and a host of other consumer items. This paper suggests a model for the vendor to employ when seeking to opti mize his stocking strategy for a periodic review/replenishment system.
Keywords
Decision SciencesBusiness, Management and Accounting
Journal of the Operational Research SocietyPrinciples of Operations Research.
351 Citations1970Patrick Rivett
Journal of Marketing ResearchThe Theory of Stochastic Preference and Brand Switching
304 Citations1974Frank M. Bass
SIAM Journal on Applied MathematicsStochastic Programs with Recourse
192 Citations1967David W. Walkup, Roger J.‐B. Wets
Management ScienceOptimality of Myopic Inventory Policies for Several Substitute Products
164 Citations1969Edward Ignall, Arthur F. Veinott