We consider capacity management with a long-term strategic choice, such as the number of production lines to install before demand is known, and short-time tactical decisions relating to production, inventory and subcontracting (recourse actions made after demand is known).[...]

This paper studies a model of telecommunication network installation by companies in the Broadband-access business, specialized to the fixed-wire case. Under stochastic demand (modeled using scenarios), we maximize expected demand coverage subject to a budget constraint on hub installation, and...

Volume flexibility is an important but not very well understood concept that allows a firmto leverage its scarce resources for optimal utilization with upswings and downswings inbusiness. Our research using 3 different research methods suggests that the key problemsin developing a volume...

The capability to improve market responsiveness to meet future uncertain demand is acritical imperative for many firms today. Flexibility in the supply chain to accommodatesuch changes in demand is a function of the alternative routes a product may take as it travelsfrom the plant where it is...

This paper compares the commonly-used periodic-review, replenishment interval, order-up-to (R, T) policy to the continuous review, reorder point, order quantity, (Q, r) model. [...]

Abstract In this paper we present a mathematical model of a generic manufacturing system. The quality of the manufactured product is captured through one or more of its critical design/process parameters. Managers often face the dilemma of which product/process is to be singled out for...

Prior research has investigated the appropriate ordering policy for an inventory system. Two key factors to are daily demand and lead time. Many studies assume lead time and daily demand are independent. In this study, we relax this assumption for a continuous review inventory system and analyze...