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作者:Chen, Hong; Zhang, Zhan
作者单位:Shanghai Jiao Tong University; University of British Columbia
摘要:This paper analyzes a periodic-review, joint inventory and pricing control problem for a firm that faces stochastic, price-sensitive demand under a nonstationary environment with fixed ordering costs. Any unsatisfied demand is backlogged. The objective is to maximize expected profit over a finite selling horizon by coordinating the inventory and pricing decisions in each period. We show that for an additive demand model, an (s, S, p) policy is optimal when the expected revenue is quasi-concave...
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作者:Armstrong, Michael J.
作者单位:Brock University
摘要:This paper develops a model of short-range ballistic missile defense and uses it to study the performance of Israel's Iron Dome system. The deterministic base model allows for inaccurate missiles, unsuccessful interceptions, and civil defense. Model enhancements consider the trade-offs in attacking the interception system, the difficulties faced by militants in assembling large salvos, and the effects of imperfect missile classification by the defender. A stochastic model is also developed. An...
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作者:Chou, Mabel C.; Chua, Geoffrey A.; Zheng, Huan
作者单位:National University of Singapore; Nanyang Technological University; Shanghai Jiao Tong University
摘要:Production postponement, the strategy to hold reserved production capacity that can be deployed based on actual demand signals, is often used to mitigate supply-demand mismatch risk. The effectiveness of this strategy depends crucially on the ease, or flexibility, in deploying the reserved capacity to meet product demands. Existing literature assumes that the reserved capacity is fully flexible, i.e., capable of being deployed to meet the demand of any item in a multiproduct system. Little is ...