Consumers often have needs that change in a dynamic fashion over time due to physiological, mental or environmental variations. We develop a model to address a product strategy question on how to satisfy dynamic consumer preferences: Should a firm offer multiple standard products, each designed...

We study the relation between operating flexibility and the borrowing costs incurred by a firm financing inventory investments with debt. We find that flexibility in replenishing or liquidating inventory, by providing risk shifting incentives, could lead to borrowing costs that erase more than a...

Purpose: The goal of this paper is to find the best production strategy for product portfolio, which means the largest value of the options. And finally, give a case and find the solution of the optimal production strategy for product portfolio. Design/methodology/approach: This article, based...

Over the last four decades of research, numerous cell formation algorithms have been developed and tested, still this research remains of interest to this day. Appropriate manufacturing cells formation is the first step in designing a cellular manufacturing system. In cellular manufacturing,...

Strategic supply chain design decisions are critical to the long-term success of a business. Traditional facility location models for supply chain design focus on the trade-offs between the costs and benefits of proximity, i.e., the distance between facilities and customers. These...

Increased competition and uncertainty characterise the new economy, introducing significant pressures to supply chain participants, calling for capital investments only in value adding/revenue-generating assets. The tendency of companies to expand their control through the entire supply chain...

Flexible robotic cells combine the capabilities of robotic flow shops with those of flexible manufacturing systems. In an m-machine flexible cell, each part visits each machine in the same order. However, the m operations can be performed in any order, and each machine can be configured to...