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作者:Bendoly, Elliot; Croson, Rachel; Goncalves, Paulo; Schultz, Kenneth
作者单位:Emory University; University of Texas System; University of Texas Dallas; University of Texas System; University of Texas Dallas; Massachusetts Institute of Technology (MIT); University of Alberta
摘要:Whenever intrepid researchers venture into new terrain, they find that they require knowledge outside of their formal training. This paper reviews bodies of knowledge for operations management (OM) researchers interested in the new area of Behavioral Operations. We highlight theoretical constructs and empirical phenomena from cognitive psychology, social psychology, group dynamics, and system dynamics. We also provide a guide for where to go to learn more about each body of knowledge. Our over...
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作者:Zhang, Xiaolong; Zhao, Yao
作者单位:University System of Georgia; Georgia Southern University; Rutgers University System; Rutgers University New Brunswick; Rutgers University Newark
摘要:This paper considers two parallel supply chains with interacting demand streams. Each supply chain consists of one supplier and one retailer. The two demand streams are jointly described with a vector autoregressive time-series process in which they interact and their respective innovation errors correlate contemporaneously. For each supply chain, we develop insights into when and how much the supplier and the retailer can improve on their forecasting accuracy if the external demand history of...
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作者:Rao, Ramesh K. S.; Gutierrez, Genaro J.
作者单位:University of Texas System; University of Texas Austin; University of Texas System; University of Texas Austin
摘要:This paper establishes a critically important positive role for operations management practices and financial hedging. We show that operations management decisions and financial hedging are intertwined, and we advance a framework that can identify their combined effects on investors' wealth. We show that: (a) firms (publicly traded corporations) will optimally hold adequate riskless working capital (e.g., cash) to minimize the cost of obtaining non-financial inputs, and the magnitude of this c...
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作者:Gavirneni, Srinagesh; Isen, Alice M.
作者单位:Cornell University
摘要:An exploratory analysis of verbal protocols from a think-aloud newsvendor experiment provided deeper insights into the decision-making process, enabling us to formulate a number of questions that are worth answering in future research. In a think-aloud experiment, subjects verbalize their cognitions while performing a task; responses are then recorded, transcribed, and analyzed. A majority of the subjects struggled with the abstractness of the business setting and were keen to know information...
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作者:Arya, Anil; Mittendorf, Brian
作者单位:University System of Ohio; Ohio State University
摘要:The tendency to rely on accounting earnings as the primary metric of corporate performance has been subject to criticism in recent times. A key concern is that earnings misrepresent changes in value in that cash outlays occur upfront but expenses are recognized only over time. While recognized expenses indeed add up to the initial cash outflow, the equality holds only in undiscounted (nominal), not discounted (real), terms. Accordingly, corporate earnings figures suffer from a form of money il...
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作者:Wang, Ping; Zinn, Walter; Croxton, Keely L.
作者单位:Tianjin University; University System of Ohio; Ohio State University
摘要:Determining appropriate inventory levels has been a subject of interest for both researchers and practitioners. Standard practice is to treat lead time demand as a random sum of random numbers and rely on established probability theory to calculate both reorder point and safety stock levels. A key assumption in these calculations, however, is that lead time and demand are not correlated. In this paper, we first explore situations where this assumption is untrue and then develop equations to de...