We present a model for determining the value of information sharing (forecast accuracy) when planning production in a supply chain environment. We examine the interaction of forecast errors, shortage vs. holding costs, and the cost of delaying production in a two-stage supply chain of a single...

Abstract A supply chain is a network of facilities for activities such as raw materials procurement, finished goods manufacturing, and distribution of products to customers. Because of competitive pressures, many organizations have expanded their supply chains to include international sites for...

Recreational golf events di¤er from professional events in that the primary goal is not simply to identify the best golfer, but rather for all golfers to enjoy and participate meaningfully in the competition. For this reason, "handicapping" systems are often used in order to enable players of...

Although generous return policies have been shown to have marketing benefits, such as a higher willingness to pay and a higher purchase frequency, counterbalancing these benefits is an increased volume of consumer returns, which presents significant operational challenges for both retailers and...

We discuss the importance of spreadsheets for optimization modeling, including a description of their limitations for large-scale problems. We then describe efficient ways to overcome these limits. Our approach makes use of Excel's standard functionality but augments Excel with its programming...

Social sharing of information goods — wherein a single good is purchased and shared through a network of acquaintances such as friends or coworkers — is a significant concern for the providers of these goods. The effect of social sharing on firm pricing and profits depends critically on two...