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Classical inventory models offer a variety of insights into the optimal way to manage inventories of individual products. However, top managers and industry analysts are often concerned with the aggregate macroscopic view of a firm's inventory rather than with the inventories of individual...
Persistent link: https://www.econbiz.de/10009218570
In this paper we analyze the impact of supply-side externalities existing among downstream retailers on supply chain performance. Namely, multiple retail firms face stochastic demand, purchase the product from the upstream wholesaler, and make stocking decisions that affect all other retailers...
Persistent link: https://www.econbiz.de/10009218572
Contracting with suppliers prone to default is an increasingly common problem in some industries, particularly automotive manufacturing. We model this phenomenon as a two-period contracting game with two identical suppliers, a single buyer, deterministic demand, and uncertain production costs....
Persistent link: https://www.econbiz.de/10009218577
We analyze volume flexibility--the ability to produce above/below the installed capacity for a product--under endogenous pricing in a two-product setting. We discover that the value of volume flexibility is a function of demand correlation between products, an outcome that cannot be explained by...
Persistent link: https://www.econbiz.de/10009218706
Each year the Manufacturing and Service Operations Management (MSOM) Society of INFORMS conducts a student paper competition. In Volume 2, Issue 2 of M&SOM, we published the extended abstracts of the 1999 winners in the hopes that this could become an annual event. Our hopes have become a...
Persistent link: https://www.econbiz.de/10009218764