Search Results - subject:"Inventory Control"

Davis, Andrew M.; Tong, Jordan - 2021

Behavioral inventory-management research leverages ideas and methodologies commonly used in behavioral economics and psychology to advance our understanding of the role of human behavior in inventory management. In this chapter, we first review some of the early papers in this area organized by...

Persistent link: https://www.econbiz.de/10014088583

Effects of Self-Esteem, Regret-Aversion, Inequity-Aversion, Risk-and-Loss-Aversion on Newsvendor and Supply Chain Contracting Decisions

Akbay, Ummuhan; Kaya, Murat - 2021

In this paper we study the correlation between the results of out-of-experiment personality traits surveys and newsvendor and supply chain contracting experiment decisions. Despite restricted sample sizes, we show that self-esteem, regret-aversion, inequity-aversion, or risk-and-loss-aversion of...

Persistent link: https://www.econbiz.de/10014088672

Financing Inventories with an Investment Efficiency Objective : ROI-Maximising Newsvendor, Bank Loans and Trade Credit Contracts

Kouvelis, Panos; Qiu, Yunzhe - 2021

The inventory and supply chain literature barely mentions any use of capital efficiency metrics, such as Return-on-Investment (ROI), and their impact on ordering decisions and inventory investments. Capital efficiency metrics offer a balanced view of profit margins and asset turns. Our work will...

Persistent link: https://www.econbiz.de/10014088693

Joint Assortment and Inventory Planning for Heavy Tailed Demand

El Housni, Omar; Mouchtaki, Omar; Gallego, Guillermo; … - 2021

We study a joint assortment and inventory optimization problem faced by an online retailer who needs to decide on both the assortment along with the inventories of a set of N substitutable products before the start of the selling season to maximize the expected profit. The problem raises both...

Persistent link: https://www.econbiz.de/10014088767

Feature-Based Nonparametric Inventory Control with Censored Demand

Ding, Jingying; Huh, Woonghee Tim; Ying, Rong - 2021

Problem definition: We study stochastic periodic-review inventory systems with lost sales, where the decision maker has no access to the true demand distribution a priori and can only observe historical sales data (referred to as censored demand) and feature information about the demand....

Persistent link: https://www.econbiz.de/10014089127

Comparative Statics Analysis of Inventory Management Model with Dynamic Pricing, Market Environment Fluctuation, and Delayed Differentiation

Yang, Nan; Zhang, Renyu (Philip) - 2021

We consider a general joint pricing and inventory management model with delayed differentiation, in which a firm serves a market with multiple products made from a generic one. The firm holds inventory for the generic product which is produced using multiple resources. Moreover, the market size,...

Persistent link: https://www.econbiz.de/10014090109

Exercising market power without using prices : service time in online grocery

Ater, Itai; Shany, Adi - 2021

Persistent link: https://www.econbiz.de/10014229508

Deep Reinforcement Learning for Inventory Control : A Roadmap

Boute, Robert N.; Gijsbrechts, Joren; Jaarsveld, Willem van - 2021

developments in inventory control. Yet, the abundance of choices that come with designing a DRL algorithm, combined with the … the key design choices of DRL algorithms to facilitate their implementation in inventory control. We also shed light on … possible future research avenues that may elevate the current state-of-the-art of DRL applications for inventory control and …

Persistent link: https://www.econbiz.de/10014088325

Prospect Theory Explains Newsvendor Behavior : The Role of Reference Points

Long, Xiaoyang; Nasiry, Javad - 2021

Current understanding in operations management is that Prospect Theory, as a theory of decision making under uncertainty, cannot systematically explain the ordering behavior observed in experiments on the newsvendor problem. We suggest this is because the newsvendor's reference point is assumed...

Persistent link: https://www.econbiz.de/10014086398

Assortment and Inventory Planning Under Dynamic Substitution with MNL Model : Structural Results and a Near-Optimal Heuristic

Liang, Jiaxin (Alys); Jasin, Stefanus; Uichanco, Joline - 2021

We revisit the uncapacitated single-period joint assortment and inventory problem in the presence of dynamic (stockout-based) substitution behavior (i.e., the so-called "dynamic assortment problem"). This is a very important practical problem faced by many retailers; at the same time, it is also...

Persistent link: https://www.econbiz.de/10013247144