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Internet retailing models support supply chains where consumer order locations are decoupled from inventory locations. In this setting, retailers dynamically consider inventory location speculation and postponement to fulfill their orders. Particularly, retailers can manage inventory to fulfill...
Persistent link: https://www.econbiz.de/10009202216
Unlike traditional retailers, which use inventory speculation for all their merchandise, Internet book retailers selectively use inventory postponement for specific merchandise items to lower their inventory costs. We develop and test hypotheses that describe merchandise determinants of...
Persistent link: https://www.econbiz.de/10009202335
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Matching supply, demand, and capacity is made more costly and less efficient when demand variation is amplified into work-in-process, or backlog, variation. Existing research has focused on managing variations in backlog quantity. This paper extends that research by examining how variation in...
Persistent link: https://www.econbiz.de/10008869673
Contracting directly between produce shippers and retailers is growing in importance. Retailers seek to obtain reliable supplies, while reducing their reliance on recurring market transactions. Producers seek stable prices and market access. These private transactions diminish spot market...
Persistent link: https://www.econbiz.de/10005503591
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This study compares two methods of estimating a reduced form model of fresh tomato marketing margins: an econometric and an artificial neural network (ANN) approach. Model performance is evaluated by comparing out-of-sample forecasts for the period of January 1992 to December 1994. Parameter...
Persistent link: https://www.econbiz.de/10005513693
Considerable evidence exists of high returns to public and private investment in commodity research and development programs. This study investigates the potential returns to product research, development, and marketing in a dynamic commodity-market model. Theoretical hypotheses derived from the...
Persistent link: https://www.econbiz.de/10005513866
Investing in a new perennial crop variety involves an irreversible commitment of capital and generates an uncertain return stream. As a result, the decision to adopt a new variety includes a significant real option value. Waiting for returns to rise above this real option causes a delay in...
Persistent link: https://www.econbiz.de/10005513987