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作者:Cakanyildirim, Metin; Feng, Qi; Gan, Xianghua; Sethi, Suresh P.
作者单位:University of Texas System; University of Texas Dallas; University of Texas System; University of Texas Austin; Hong Kong Polytechnic University
摘要:We analyze a supply chain consisting of a supplier and a retailer. The supplier's unit production cost, which characterizes his type, is only privately known to him. When trading with the retailer, the supplier demands a reservation profit that depends on his unit production cost. We model this problem as a game of adverse selection. In this model, the retailer offers a menu of contracts, each of which consists of two parameters: the ordering quantity and the supplier's share of the channel pr...
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作者:Jin, Yue; Ryan, Jennifer K.
作者单位:Alcatel-Lucent; Rensselaer Polytechnic Institute
摘要:We consider a buyer who outsources the manufacturing of a product to multiple symmetric make-to-stock suppliers who compete on price and service (fill rate). The buyer allocates demand to the suppliers using a score function with an exponential form, which specifies the relative importance of price vs. service, in order to minimize his costs, while the suppliers choose their prices and fill rates to maximize their profits. For the case of dual-sourcing, we characterize the optimal parameter of...
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作者:Teo, Chee-Chong; Bhatnagar, Rohit; Graves, Stephen C.
作者单位:Nanyang Technological University; Nanyang Technological University; Massachusetts Institute of Technology (MIT)
摘要:Make-to-order (MTO) manufacturers must ensure concurrent availability of all parts required for production, as any unavailability may cause a delay in completion time. A major challenge for MTO manufacturers operating under high demand variability is to produce customized parts in time to meet internal production schedules. We present a case study of a producer of MTO offshore oil rigs that highlights the key aspects of the problem. The producer was faced with an increase in both demand and de...
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作者:Comez, Nagihan; Stecke, Kathryn E.; Cakanyildirim, Metin
作者单位:Ihsan Dogramaci Bilkent University; University of Texas System; University of Texas Dallas
摘要:We study a centralized inventory sharing system of two retailers that are replenished periodically. Between two replenishments, a unit can be transshipped to a stocked-out retailer from the other. It arrives a transshipment time later, during which the stocked-out retailer incurs backorder cost. Without transshipment, backorder cost is incurred until the next replenishment. Since the transshipment time is shorter than the time between two replenishments, transshipments can reduce the backorder...
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作者:Fu, Qi; Zhou, Sean X.; Chao, Xiuli; Lee, Chung-Yee
作者单位:Chinese University of Hong Kong; University of Michigan System; University of Michigan; Hong Kong University of Science & Technology
摘要:In this paper, we study a single-product periodic-review inventory system that faces random and price-dependent demand. The firm can purchase the product either from option contracts or from the spot market. Different option contracts are offered by a set of suppliers with a two-part fee structure: a unit reservation cost and a unit exercising cost. The spot market price is random and its realization may affect the subsequent option contract prices. The firm decides the reservation quantity fr...
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作者:Webster, Scott; Ruben, Robert A.; Yang, Kum-Khiong
作者单位:Syracuse University; Iowa State University; Singapore Management University
摘要:Bucket brigade order picking is a method for retrieving orders from a storage rack where workers follow a fixed sequence and dynamically adjust to variability in work content along the rack. The method is simple and has been shown to provide superior performance in many applications. In this article, we analyze how the location in which products are stored in the rack affects throughput. We identify conditions where storage decisions have a large impact on throughput (e.g., a 20% increase in p...
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作者:Pan, Xiajun Amy; Honhon, Dorothee
作者单位:University of Missouri System; University of Missouri Kansas City; University of Texas System; University of Texas Austin
摘要:We consider the problem of a retailer managing a category of vertically differentiated products. The retailer has to pay a fixed cost for each product included in the assortment and a variable cost per product sold. Quality levels, fixed, and variable costs are exogenously determined. Customers differ in their valuation of quality and choose the product (if any) that maximizes their utility. First, we consider a setting in which the selling prices are also fixed. We find that the optimal set o...