We consider a firm that designs a new product and wishes to bring it to market, but does not have ownership or control over all of the resources required to make that happen. The firm must select and contract with one of several possible tier 1 suppliers for necessary inputs, who do the same...

We consider a firm that designs a new product and wishes to bring it to market but does not have ownership or control over all of the resources required to make that happen. The firm must select and contract with one of several possible tier 1 suppliers for necessary inputs, who do the same with...

This paper considers single-item inventory systems with immediate delivery and no economies of scale. Bounds are provided on the value loss relative to optimal cost for restricting attention to the class of inventory stocking policies that behave myopically up to a specified stopping time. The...

The majority of papers on stochastic inventory theory make the assumption that the distribution of consumer demand in each time period is known with certainty. While this assumption is unsupported in many applied contexts, it is conventionally held that more realistic models are more difficult...

In some mechanism design problems, finite-type spaces may be natural ones to consider, yet the current literature is dominated by analyses of continuous-type spaces. This probably derives from the intellectual dominance of the early work in this area. Here we present an analysis of the...