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In response to competitive pressures, firms are increasingly adopting revenue management opportunities afforded by advances in information and communication technologies. Motivated by these revenue management initiatives in industry, we consider a dynamic pricing problem facing a firm that sells...
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As manufacturers strive to become more customer-oriented, they are reexamining their order negotiation systems and processes to ensure responsive but realistic delivery date commitments to customers. Several companies now use commercial Available-To-Promise (ATP) systems to integrate data across...
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Procurement has become a vital strategic function as firms increasingly pursue supply chain partnerships and outsourcing options. By coordinating procurement policies across multiple divisions and leveraging firm-wide purchasing power to negotiate significant volume discounts from suppliers,...
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This paper considers a multicomponent, multiproduct periodic-review assemble-to-order (ATO) system that uses an independent base-stock policy for inventory replenishment. Product demands in each period are integer-valued correlated random variables, with each product being assembled from...
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Disruptions and random supplies have been important sources of uncertainty that should be considered in the design and control of supply chains. There have been many real world examples in which a single catastrophic event has simultaneously degraded the capabilities of several suppliers leading...
Persistent link: https://www.econbiz.de/10014042102
Delays in product availability are common in e-commerce where electronic retailers try to manage with very low inventories. While this lowers inventory costs, the negative effect of increased stockouts is to reduce net demand for the product. We analyze the effect of offering a lower price...
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