We compare how experienced procurement managers and students solve the newsvendor problem. We find that managers broadly exhibit the same kind of pull-to-center bias as students do. Also, managers use information and task training no better than students. The performance of managers is...

In existing AS/RS research, storage assignment policies are evaluated based on the probability that item type j will be stored (and subsequently retrieved). This note applies the turnover-based and class-based assignment policies of Hausman et al. (1976) to a stochastic environment by...

This paper presents approximate analytical models to quantify the expected improvement in inventory investment when using a system approach to control inventory as opposed to a simpler item approach. A system approach ensures that a demand-weighted average fill rate is achieved at low inventory...