We present a simulation study that examines the cost performance of the inventory control and forecasting methods presented in Inventory Management in a Closed-Loop Supply Chain with Advance Demand Information, available at http://ssrn.com/abstract=2698362. In addition, we describe a case study...

Problem Definition: In this paper, we develop a forecast anchoring model that explains and predicts order variability behavior in a multi-period newsvendor problem. Our model assumes that people anchor on random point forecast (hence the name) and insufficiently adjust toward the...