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Inventory management relies on the economic order quantity (EOQ) and newsvendor models. While the newsvendor model has received much attention in the field of behavioral operations management (BOM), the EOQ problem remains largely untouched. This study presents one of the first empirical...
Persistent link: https://www.econbiz.de/10014344352
The experimental work demonstrates that markets have the capacity to collect information through a process of equilibration and that fact suggests the feasibility of creating a system of markets that have only a purpose of gathering information. The laboratory work suggests that theory and...
Persistent link: https://www.econbiz.de/10014023607
In recent years, inventory sharing, in addition to the traditional within-firm model, also appears in the sharing-economy model where different firms can share their inventory via an internet platform. Two prominent issues, shaping the behaviors of inventory sharing systems, are the commitment...
Persistent link: https://www.econbiz.de/10012899909
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