This paper addresses the question of how durable or reliable manufacturers of durable goods should make their products. Essentially, consumers are likely willing to pay more for a more durable product, yet increased durability depresses replacement demand. We gain insight into this trade-off by...

Solving large-scale p-median problems is usually time consuming. People often aggregate the demand points in a large-scale p-median problem to reduce its problem size and make it easier to solve. Most traditional research on demand point aggregation is either experimental or assuming uniformly...

We consider a continuous-review inventory problem for a retailer facing constant customer demand for a single product. This retailer is assumed to follow the well known and widely used order-up-to policy in making replenishment decisions, and can order from two suppliers who differ in...