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Flexible capacity has been shown to be very effective to hedge against forecast errors at the investment stage. In a make-to-order environment, this flexibility can also be used to hedge against variability in customer orders in the short term. For that purpose, production levels must be...
Persistent link: https://www.econbiz.de/10009191149
We analyze the problem faced by companies that rely on TL (Truckload) and LTL (Less than Truckload) carriers for the distribution of products across their supply chain. Our goal is to design simple inventory policies and transportation strategies to satisfy time varying demands over a finite...
Persistent link: https://www.econbiz.de/10009208427