{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2024,9,4]],"date-time":"2024-09-04T15:39:55Z","timestamp":1725464395722},"reference-count":25,"publisher":"Institute for Operations Research and the Management Sciences (INFORMS)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["M&SOM"],"published-print":{"date-parts":[[2011,4]]},"abstract":" This paper studies the problem of purchasing and allocating copies of movies to multiple stores of a movie rental chain. A unique characteristic of this problem is the return process of rented movies. We formulate this problem for new movies as a newsvendor-like problem with multiple rental opportunities for each copy. We provide demand and return forecasts at the store-day level based on comparable movies. We estimate the parameters of various demand and return models using an iterative maximum-likelihood estimation and Bayesian estimation via Markov chain Monte Carlo simulation. Test results on data from a large movie rental firm reveal systematic underbuying of movies purchased through revenue-sharing contracts and overbuying of movies purchased through standard (nonrevenue-sharing) ones. For the movies considered, our model estimates an increase in the average profit per title for new movies by 15.5% and 2.5% for revenue sharing and standard titles, respectively. We discuss the implications of revenue sharing on the profitability of the rental firm. <\/jats:p>","DOI":"10.1287\/msom.1100.0314","type":"journal-article","created":{"date-parts":[[2010,12,31]],"date-time":"2010-12-31T02:28:56Z","timestamp":1293762536000},"page":"209-226","source":"Crossref","is-referenced-by-count":16,"title":["Now Playing: DVD Purchasing for a Multilocation Rental Firm"],"prefix":"10.1287","volume":"13","author":[{"given":"Opher","family":"Baron","sequence":"first","affiliation":[{"name":"Rotman School of Management, University of Toronto, Toronto, Ontario M5S 3E6, Canada"}]},{"given":"Iman","family":"Hajizadeh","sequence":"additional","affiliation":[{"name":"Rotman School of Management, University of Toronto, Toronto, Ontario M5S 3E6, Canada"}]},{"given":"Joseph","family":"Milner","sequence":"additional","affiliation":[{"name":"Rotman School of Management, University of Toronto, Toronto, Ontario M5S 3E6, Canada"}]}],"member":"109","reference":[{"key":"B1","unstructured":"Bassamboo A., Randhawa R. 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