Construct · 1 fields · 1 citations

stockout-based substitution: a standalone construct

One name. One construct. A landmark on the map.

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stockout-basedsubstitution1 CONSTRUCTStockout-basedMAHAJAN · OPERATIONS

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Operations management

customers switching to another product when their first choice is out of stock, which changes optimal assortment and inventory.

In operations management, stockout-based substitution refers to customers switching to another product when their first choice is out of stock, which changes optimal assortment and inventory. This meaning comes from Mahajan (2001) in Operations Research.[1]

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Nearby constructs

inventory1 fields · 2 citationsanchor · a standalone constructoperation1 fields · 1 citationsanchor · a standalone constructproduct3 fields · 3 citationsjingle · one word, three constructs

References

  1. Mahajan, S., & van Ryzin, G. (2001). Stocking Retail Assortments Under Dynamic Consumer Substitution. Operations Research, 49(3), 334-351. https://doi.org/10.1287/opre.49.3.334.11210

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