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Several design guidelines and flexibility indices have been developed in the literature to inform the design of flexible production networks. In this paper, we propose additional flexibility design guidelines for unbalanced networks, where the numbers of plants and products are not equal, by...
Persistent link: https://www.econbiz.de/10010631265
In this paper, we consider the discrete multiperiod newsvendor dynamic inventory control problem where customers follow a simple satisfaction-based demand process, where their probability of demand depends on whether their demand was satised the last time they demanded a product, and observe the...
Persistent link: https://www.econbiz.de/10008614981
We introduce an optimization-based production planning tool for the biotechnology industry. The industry’s planning problem is unusually challenging because the entire production process is regulated by multiple external agencies – such as the US Food and Drug Administration – representing...
Persistent link: https://www.econbiz.de/10011052706
Under a consignment contract with revenue sharing, a supplier decides on the retail price and delivery quantity for his product, and retains ownership of the goods; for each item sold, the retailer deducts a percentage from the selling price and remits the balance to the supplier. In this paper...
Persistent link: https://www.econbiz.de/10009214663
The events of hurricane seasons and the threat of terrorist attacks have made evacuation during disruptions a leading management issue. Transportation networks, which form the backbone of any emergency management plan, should be able to respond to disruptions by ensuring safe, organized and...
Persistent link: https://www.econbiz.de/10011131051
We investigate optimal system design in a multi-location system in which supply is subject to disruptions. We examine the expected costs and cost variances of the system in both a centralized and a decentralized inventory system. We show that, when demand is deterministic and supply may be...
Persistent link: https://www.econbiz.de/10011190635
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...
Persistent link: https://www.econbiz.de/10008483372
We model a retailer whose supplier is subject to complete supply disruptions. We combine discrete-event uncertainty (disruptions) and continuous sources of uncertainty (stochastic demand or supply yield), which have different impacts on optimal inventory settings. This prevents optimal solutions...
Persistent link: https://www.econbiz.de/10008494782
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