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Commentary—Optimal Pricing and Return Policies for Perishable Commodities

College of Business and Economics, California State University, Fullerton, California
bpasternack{at}exchange.fullerton.edu

The paper discusses the genesis of the 1985 paper "Optimal Pricing and Return Policies for Perishable Commodities," as well as the critical ideas presented in that research. A brief review of the literature that cited and expanded the results of the paper is also presented.

Key Words: channel coordination; single-period inventory model; newsboy problem; revenue sharing; supply chain; perishable commodities