We analyze how individuals make forecasts based on time-series data. Using a controlled laboratory experiment, we find that forecasting behavior systematically deviates from normative predictions: Forecasters overreact to forecast errors in relatively stable environments, but underreact to...

Coordinating procurement decisions for a family of products that share a constrained resource, such as an ocean shipping container, is an important managerial problem. However due to the problem's difficult mathematical properties, efficient and effective solution procedures for the problem have...