The shocks of the pandemic economy gave us a bunch of enormous natural experiments, which helped to prove or disprove conventional economic thinking. Take, for example, the bullwhip effect, the idea ...
If it seems like there are more sales lately, it’s because there are. General retailers are shedding excess inventory. Why? Just blame the bullwhip effect. WSJ’s Jon Hilsenrath explains what it is, ...
Citations: Bray, Robert, Ioannis Stamatopoulos. 2020. Menu Costs and the Bullwhip Effect: Supply Chain Implications of Dynamic Pricing. Operations Research.
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