Vendor-managed inventory (VMI) and consignment inventory (CI) are supply-chain sourcing practices between a vendor and customer. VMI allows the vendor to initiate orders on behalf of the customer. This presumably benefits the vendor who can then make replenishment decisions according to her own...

Firms such as Wal-Mart and Campbell's Soup have successfully implemented vendor managed inventory (VMI). Articles in the trade press and academic literature often begin with the premise that VMI is ‘beneficial'; but beneficial to which party and under what conditions? We consider in this paper...

This paper focuses on a firm selling a make-to-stock product with a constant customer demand rate. The firm follows an exact (Q, r ) policy for raw material inventory control and faces a random eplenishment lead time. Through this research, we wish to gain a better understanding of the impact of...

In this paper, we model an operating system consisting of a firm and its customers, where the mean demand rate is a function of the guaranteed delivery time offered to the customers and of market price, where price itself is determined by the length of the delivery time. Economies of scale are...

In this paper, we focus on a firm selling a single make-to-stock product to price-sensitive end customers. We develop an integrated operations-marketing model that can help determine the relevant profit-maximizing decision variable values for two pricing policies that the firm might follow -...

We develop a competitive investment model wherein two competing firms consider investing into two projects targeting, separately, a mature and an emerging market. The returns firms obtain from investments into these markets are assumed to follow an S-shaped curve and depend on both firms’...

We consider a stochastic two-stage hybrid manufacturing system for a single product where semi-finished goods are Made-To-Stock (MTS) and then differentiated when demand is realized through a Make-To-Order (MTO) stage. Inventory for semi-finished goods is held between the two stages. We...