Abstract
If the cost of borrowing is not too high, the capital-constrained newsvendor borrows funds to procure an amount that is less than would be ideal. The lender charges an interest rate that decreases in the newsvendor’s equity. Furthermore, we derived a non-linear loan schedule that coordinates the channel.
Original language | American English |
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Journal | Operations Research Letters |
Volume | 36 |
DOIs | |
State | Published - Sep 2008 |
Disciplines
- Business