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作者:Hardgrave, Bill C.; Aloysius, John A.; Goyal, Sandeep
作者单位:Auburn University System; Auburn University; University of Arkansas System; University of Arkansas Fayetteville; University Southern Indiana
摘要:Accurate inventory records are key to effective store execution, affecting forecasting, ordering, and replenishment. Prior empirical research, however, shows that retailer inventory records are inherently inaccurate. Radio Frequency Identification (RFID) enables visibility into the movement of inventories in the supply chain. Using two different field experiments, the current research investigates the effectiveness of this visibility in reducing retail store inventory record inaccuracy (IRI). ...
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作者:Gilland, Wendell G.; Heese, H. Sebastian
作者单位:University of North Carolina; University of North Carolina Chapel Hill; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要:Customers who face a stockout situation often decide to purchase a different product in the same category. We analyze the resulting dynamic substitution problem in a retail environment, where customers serve themselves from the store shelves, such that the sequence of customer arrivals affects how scarce products are allocated to customers. We consider a setting with constrained shelf space, and we study how a retailer should optimally allocate such space between substitute products. We charac...
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作者:Kraft, Tim; Erhun, Feryal; Carlson, Robert C.; Rafinejad, Dariush
作者单位:University of Virginia; Stanford University
摘要:As public awareness of environmental hazards increases, a growing concern for corporations is the potential negative environmental impact of their products and the chemicals these products contain. In this study, we analyze the optimal decisions of a firm when a substance within its product is identified as potentially hazardous. Although the substance is not currently regulated, regulation may occur in the future. Therefore, the firm must devise a strategy for the development and implementati...
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作者:Bloomfield, Robert J.; Kulp, Susan L.
作者单位:Cornell University; George Washington University
摘要:Two laboratory experiments on a single-echelon inventory task show that inventory durability interacts with transit lags to create order volatility that exceeds demand volatility. Thus, inventory durability and transit lags cause managers to deviate from inventory decision optimality. Durability creates a large increase in order volatility because players adjust orders insufficiently to reflect current inventory and backlogs, much as they adjust orders insufficiently to reflect holding and bac...
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作者:Perdikaki, Olga; Swaminathan, Jayashankar
作者单位:Texas A&M University System; Texas A&M University College Station; Mays Business School; University of North Carolina; University of North Carolina Chapel Hill
摘要:There is a growing trend in the retail industry to improve customer experience. In this article, we study retailer-initiated strategies to increase consumer valuation for a product under duopoly. In such a setting, it is possible that a consumer's valuation may be increased by one retailer; however, the consumer may decide to buy the product from the competitor. We consider a two-stage game where retailers first decide whether to invest in improvements in customer valuation and then engage in ...
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作者:Raz, Gal; Druehl, Cheryl T.; Blass, Vered
作者单位:University of Virginia; George Mason University; Tel Aviv University
摘要:Introducing environmental innovations in product and process design can affect the product's cost and demand, as well as the environmental impact in different stages of its life cycle (such as manufacturing and use stages). In this article, we advance understanding on where such design changes can be most effective economically to the firm and examine their corresponding environmental consequences. We consider a profit maximizing firm (newsvendor) deciding on the production quantity as well as...
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作者:Guemues, Mehmet; Li, Shanling; Oh, Wonseok; Ray, Saibal
作者单位:McGill University; Korea Advanced Institute of Science & Technology (KAIST)
摘要:In this article, we study the price partitioning decisions of online retailers regarding shipping and handling (S&H) fees. Specifically, we analyze two partitioning formats used by retailers in this context. In the first scenario, retailers present customers with a price that is partitioned into a product price and a separate S&H surcharge (the PS strategy); in the second, customers are offered free shipping through a non-partitioned format where the product price already includes the shipping...
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作者:Reiner, Gerald; Teller, Christoph; Kotzab, Herbert
作者单位:University of Neuchatel; University of Surrey; University of Bremen; Glasgow Caledonian University
摘要:In this article, we examine in-store logistics processes for handling dairy products, from the incoming dock to the shelves of supermarkets and hypermarkets. The efficient execution of the in-store logistics related to such fast-moving, sensitive, and essential items is challenging and crucial for grocery retailers' sales, profits, and image. In our empirical study, we survey in-store logistics processes in 202 grocery supermarkets and hypermarkets belonging to a major retail chain in central ...
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作者:Atasu, Atalay; Souza, Gilvan C.
作者单位:University System of Georgia; Georgia Institute of Technology; Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要:We study the impact of product recovery on a firm's product quality choice, where quality is defined as an observable performance measure that increases a consumer's valuation for the product. We consider three general forms of product recovery: (i) when product recovery reuses (after reprocessing) quality inducing components or material (e.g., remanufacturing), (ii) when product recovery does not reuse quality inducing components or material but it is overall profitable (e.g., cell phone recy...
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作者:Ketzenberg, Michael E.; Geismar, Neil; Metters, Richard; van der Laan, Erwin
作者单位:Texas A&M University System; Texas A&M University College Station; Mays Business School; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要:An important difference between both manufacturing and wholesaling vs. retail is the information available concerning inventory. Typically, far less information characterizes retail. Here, an extreme environment of information shortfall is examined. The environment is technically termed unattended points of sale, but colloquially called vending machines. Once inventory is loaded into a machine, information on demand and inventory level is not observed until the scheduled reloading date. Techno...