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 |
|---|---|
| Journal | Operations Research Letters |
| Volume | 36 |
| DOIs | |
| State | Published - Sep 2008 |
Disciplines
- Business