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Manufacturing & Service Operations Management (M&SOM) formally thanks the guest associate editors and reviewers, who provided expert counsel and guidance on a voluntary basis. Through their efforts the journal was able to provide submitting authors with timely, thoughtful, and constructive...
Persistent link: https://www.econbiz.de/10010837194
This essay discusses my view of the essential characteristics of interesting research in general and in operations management in particular. It is based on my Manufacturing and Service Operations Management Distinguished Fellows presentation given at the University of Michigan, June 27, 2011.
Persistent link: https://www.econbiz.de/10010907915
While every firm in a supply chain bears supply risk (the cost of insufficient supply), some firms may, even with wholesale price contracts, completely avoid inventory risk (the cost of unsold inventory). With a push contract there is a single wholesale price and the retailer, by ordering his...
Persistent link: https://www.econbiz.de/10009191918
We consider a simple supply chain in which a single supplier sells to several downstream retailers. The supplier has limited capacity, and retailers are privately informed of their optimal stocking levels. If retailer orders exceed available capacity, the supplier allocates capacity using a...
Persistent link: https://www.econbiz.de/10009197298
In the newsvendor problem a decision maker orders inventory before a one period selling season with stochastic demand. If too much is ordered, stock is left over at the end of the period, whereas if too little is ordered, sales are lost. The expected profit-maximizing order quantity is well...
Persistent link: https://www.econbiz.de/10009197797
Any buyer that depends on suppliers for the delivery of a service or the production of a make-to-order component should pay close attention to the suppliers' service or delivery lead times. This paper studies a queueing model in which two strategic servers choose their capacities/processing...
Persistent link: https://www.econbiz.de/10009198060
We consider a retailer that sells a product with uncertain demand over a finite selling season. The retailer sets an initial stocking quantity and, at some predetermined point in the season, optimally marks down remaining inventory. We modify this classic setting by introducing three types of...
Persistent link: https://www.econbiz.de/10009198146
Under a revenue-sharing contract, a retailer pays a supplier a wholesale price for each unit purchased, plus a percentage of the revenue the retailer generates. Such contracts have become more prevalent in the videocassette rental industry relative to the more conventional wholesale price...
Persistent link: https://www.econbiz.de/10009198186
Forecast sharing is studied in a supply chain with a manufacturer that faces stochastic demand for a single product and a supplier that is the sole source for a critical component. The following sequence of events occurs: the manufacturer provides her initial forecast to the supplier along with...
Persistent link: https://www.econbiz.de/10009203778