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The paper develops a simple theoretical model of inventory control in global supply chains. It identifies a role for intermediaries in managing inventory, and shows that inserting an intermediary as an additional link in a supply chain is profitable when demand volatility is high. It also...
Persistent link: https://www.econbiz.de/10010491653
The paper shows that taking inventory control out of the hands of retailers and assigning it to an intermediary increases the value of a supply chain when demand volatility is high. This is because an intermediary can help solve two incentive problems associated with retailers' inventory control...
Persistent link: https://www.econbiz.de/10011552567
The paper develops a simple theoretical model of inventory control in global supply chains. It identifies a role for intermediaries in managing inventory, and shows that inserting an intermediary as an additional link in a supply chain is profitable when demand volatility is high. It also...
Persistent link: https://www.econbiz.de/10010496944
The paper shows that taking inventory control out of the hands of competitive or exclusive retailers and assigning it to a manufacturer increases the value of a supply chain especially for goods whose demand is highly volatile. This is because doing so solves incentive distortions that arise...
Persistent link: https://www.econbiz.de/10011742575
This paper constructs a model of a supply chain to examine how demand volatility is passed upstream through the chain. In particular, we seek to determine how likely it is that the chain experiences a bullwhip effect, where the variance of the upstream firms’ production exceeds the variance of...
Persistent link: https://www.econbiz.de/10011820911
The paper shows that taking inventory control out of the hands of competitive of exclusive retailers and assigning it to a manufacturer increases the value of a supply chain especially for goods whose demand is highly volatile. This is because doing so solves incentive distortions that arise...
Persistent link: https://www.econbiz.de/10011820914
Persistent link: https://www.econbiz.de/10003737597
This paper constructs a model of a supply chain to examine how demand volatility is passed upstream through the chain. In particular, we seek to determine how likely it is that the chain experiences a bullwhip effect, where the variance of the upstream firm's production exceeds the variance of...
Persistent link: https://www.econbiz.de/10011736756
1 Introduction -- 2 Inventory Management -- 3 Supply Chain Contracts -- 4 Service Level Contracts -- 5 Optimal Inventory Allocation -- 6 Optimal Channel Selection -- 7 Conclusion and Critical Review -- Bibliography
Persistent link: https://www.econbiz.de/10013504604
Part 1: Generic Tools -- Chapter 1: The Stochastic Multi-armed Bandit Problem -- Chapter 2: Reinforcement Learning -- Chapter 3: Optimal Learning and Optimal Design -- Part 2: Price Optimization -- Chapter 4: Dynamic Pricing with Demand Learning: Emerging Topics and State of the Art -- Chapter...
Persistent link: https://www.econbiz.de/10013373465