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We provide a novel approach to characterize the order process of continuous review (s,S) and (r,nQ) inventory policies …, and study the impact of the batching parameter (the value of Q or S-s) on the variability in the order process. First, we … distribution and the value of the batching parameter. This may motivate a supplier to adjust his imposed fixed order cost to …
Persistent link: https://www.econbiz.de/10010753516
An important observation in supply chain management, known as the bullwhip effect, suggests that demand variability increases as one moves up a supply chain. In this paper we quantify this effect for simple, two-stage supply chains consisting of a single retailer and a single manufacturer. Our...
Persistent link: https://www.econbiz.de/10009214194
and underordering may occur. We also investigate the impact of these biases on several other inventory settings that have …, and inventory pooling. We find that incorporating decision noise and optimization error yields results that are consistent …
Persistent link: https://www.econbiz.de/10009218743
Accurate cash flow forecasting is essential for successful management of firms and it becomes especially critical during uncertain market and credit conditions. Without accurate cash flow forecasting, a firm may fail to meet its short-term obligations and risk bankruptcy. Accurate cash flow...
Persistent link: https://www.econbiz.de/10011076750
Tailings storage facilities (TSFs) are engineered structures that comprise the confining embankments (commonly referred to as tailings dams) and associated works and are designed to contain tailings (residue following extraction of valuable material from metal ore processing) and to manage...
Persistent link: https://www.econbiz.de/10012521905
This paper analyzes the evolution of interregional income inequality during transition in Russia. The transition matrix approach reveals that between 1991 and 1997 income mobility tended toward a highly uneven long-term distribution with the majority of regions at low income levels and a...
Persistent link: https://www.econbiz.de/10005605183
The “hollowing-out,” or “two poles” hypothesis is tested in the context of a Markov chain model of exchange rate transitions. In particular, two versions of the hypothesis—that hard pegs are an absorbing state, or that fixes and floats form a closed set, with no transitions to...
Persistent link: https://www.econbiz.de/10005825618
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