When making lot-sizing decisions, managers often use a model horizon T that is much smaller than any reasonable estimate of the firm's future horizon. This is done because forecast accuracy deteriorates rapidly for longer horizons, while computational burden increases. However, what is optimal...

In traditional supply chain inventory management, orders are the only information firms exchange, but information technology now allows firms to share demand and inventory data quickly and inexpensively. We study the value of sharing these data in a model with one supplier, N identical...

Product variety in many industries has increased steadily throughout this century. Component sharing---using the same version of a component across multiple products---is increasingly viewed by companies as a way to offer high variety in the marketplace while retaining low variety in their...

Product variety in many industries has increased steadily throughout this century. Component sharing-using the same version of a component across multiple products-is increasingly viewed by companies as a way to offer high variety in the marketplace while retaining low variety in their...

We model a situation in which two retailers consider launching an "Advance Booking Discount" (ABD) program. In this program, customers are enticed to precommit their orders at a discount price prior to the regular selling season. However, these precommitted orders are filled during the selling...

Consider a retailer who sells perishable seasonal products with uncertain demand. Due to the short sales season and long replenishment lead times associated with such products, the retailer is unable to update demand forecasts by using actual sales data generated from the early part of the...