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We develop a general framework for the analysis of decentralized distribution systems. We carry the analysis in terms of a simplified model which entails N retailers who face stochastic demands and hold stocks locally and/or at one or more central locations. An exogenously specified fraction of...
Persistent link: https://www.econbiz.de/10009218631
Retail assortment planning can have a tremendous impact on a retailer's bottom-line performance. Over the past years, retailers have increasingly relied on their leading manufacturers for recommendations regarding the assortment to be offered to the consumers in a particular category, a practice...
Persistent link: https://www.econbiz.de/10009218640
competition. For this purpose, we consider two retailers that compete in terms of inventory: customers that face a stockout at … incremental knowledge about demand (if it is available). We visualize this problem as the competition between a traditional make … is larger when facing a slow response competitor, and interestingly, asymmetric competition can be desirable to both …
Persistent link: https://www.econbiz.de/10009218652
-horizon problems are investigated and applied to two examples: (1) competition between Internet service providers who operate systems … that we approximate by simple loss-type queueing models, and (2) competition between make-to-stock producers who operate …
Persistent link: https://www.econbiz.de/10009218654
The newsvendor model is designed to decide how much of a product to order when the product is to be sold over a short selling season with stochastic demand and there are no additional opportunities to replenish inventory. There are many practical situations that reasonably conform to those...
Persistent link: https://www.econbiz.de/10009218687
Should a firm charge on a per-use basis or sell subscriptions when its service experiences congestion? Queueing-based models of pricing primarily focus on charging a fee per use for the service, in part because per-use pricing enables the firm to regulate congestion--raising the per-use price...
Persistent link: https://www.econbiz.de/10009218719
We consider a simple game in which strategic agents select arrival times to a service facility. Agents find congestion costly and, hence, try to arrive when the system is underutilized. Working in discrete time, we characterize pure-strategy Nash equilibria for the case of ample service...
Persistent link: https://www.econbiz.de/10009218750
When managing projects with considerable uncertainty, such as those arising in construction, defense, and new product development, it is customary for a manufacturer (project manager) to offer contracts under which each supplier (contractor) receives a prespecified payment when she completes her...
Persistent link: https://www.econbiz.de/10009218769
Decentralized organizations may incur inefficiencies because of scheduling issues associated with competition among …
Persistent link: https://www.econbiz.de/10009218828
This paper reviews some of the key responses to Hahn's famous retiring remarks and argues that none has satisfactorily addressed Hahn's suggestion that a discipline does not need to consciously discuss its foundations as it can rely on an evolutionary process to select them. The paper presents a...
Persistent link: https://www.econbiz.de/10009219479