2017
DOI: 10.1111/jbl.12157
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Demand and Revenue Management of Deteriorating Inventory on the Internet: An Empirical Study of Flash Sales Markets

Abstract: In this study, we investigate demand and revenue management of deteriorating inventory in flash sales markets (FSM). Retailers operating FSM source excess inventories of products from secondary markets in fixed lot sizes and offer them as part of deals that get no replenishments and expire after running for predetermined periods (e.g., 24 hr) or when they sell out, whichever occurs first. We develop a demand forecasting model that incorporates the effects of sentiments conveyed by consumers in discussion forum… Show more

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Cited by 26 publications
(12 citation statements)
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“…This work is closely tied to the work about the effects of different technologies on product ratings. Moreover, the ability to use reviews for further marketing and sales purposes is shown in this cluster (Singh et al 2017;Ordenes et al 2017;Sodero and Rabinovich 2017). Cluster 19 is about customer relationship management (CRM) and technical implications using automated responses for service purposes.…”
Section: Marketingmentioning
confidence: 99%
“…This work is closely tied to the work about the effects of different technologies on product ratings. Moreover, the ability to use reviews for further marketing and sales purposes is shown in this cluster (Singh et al 2017;Ordenes et al 2017;Sodero and Rabinovich 2017). Cluster 19 is about customer relationship management (CRM) and technical implications using automated responses for service purposes.…”
Section: Marketingmentioning
confidence: 99%
“…We are seeing robust use of secondary data sources for broad research topics (e.g., Bolumole et al. ; Flöthmann and Hoberg ; Sodero and Rabinovich ; Miller et al. ; Miller et al.…”
Section: What Methods Are On the Rise And Decline In Jbl?mentioning
confidence: 99%
“…Also inventory represents approximately 20% of sales revenue for a firm. Investment in inventory is sensitive to cash flow, it implies a cost for organisation making inventory level to increase with an organisations' capacity to generate internal funds (Sodero & Rabinovich, 2017).…”
Section: Inventory Investment Practicesmentioning
confidence: 99%