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作者:Alptekinoglu, Aydin; Grasas, Alex
作者单位:Southern Methodist University; Pompeu Fabra University
摘要:To understand whether retailers should consider consumer returns when merchandising, we study how the optimal assortment of a retailer is influenced by its return policy. The retailer selects its assortment from an exogenous set of horizontally differentiated products. Consumers make purchase and keep/return decisions in nested multinomial logit fashion. Our main finding is that the optimal assortment has a distinct structure for relatively strict return policies: it is optimal to offer a mix ...
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作者:Ovchinnikov, Anton; Blass, Vered; Raz, Gal
作者单位:University of Virginia; Tel Aviv University
摘要:This article provides a data-driven assessment of economic and environmental aspects of remanufacturing for product+service firms. A critical component of such an assessment is the issue of demand cannibalization. We therefore present an analytical model and a behavioral study which together incorporate demand cannibalization from multiple customer segments across the firm's product line. We then perform a series of numerical simulations with realistic problem parameters obtained from both the...
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作者:Dong, Yan; Dresner, Martin; Yao, Yuliang
作者单位:University System of Maryland; University of Maryland College Park; Lehigh University
摘要:Using a unique, item-level data set, we examined benefits to downstream firms (distributors) from the decision-transfer component of vendor-managed inventory (VMI), the feature that distinguishes VMI from other information-sharing, collaborative supply chain programs. Our major findings are that the decision-transfer component of VMI adds significant benefits to the downstream firm in terms of inventory and stockout reductions above and beyond information sharing, and that these two benefits m...
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作者:Gao, Long; Li, Zhaolin; Shou, Biying
作者单位:University of California System; University of California Riverside; University of Sydney; City University of Hong Kong
摘要:We study a strategic information management problem in the export-processing trade, where the buyer controls the raw material input and sales and the producer is responsible for production. The production is vulnerable to random yield risk. The producer can exert a costly effort to acquire the private yield rate information and discretionarily share it with the buyer. We develop a sequential Bayesian game model that captures three key features of the systemendogenous information endowment, vol...
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作者:Kouvelis, Panos; Tian, Zhongjun
作者单位:Washington University (WUSTL); Shanghai University of Finance & Economics
摘要:In this article, we study a firm's interdependent decisions in investing in flexible capacity, capacity allocation to individual products, and eventual production quantities and pricing in meeting uncertain demand. We propose a three-stage sequential decision model to analyze the firm's decisions, with the firm being a value maximizer owned by risk-averse investors. At the beginning of the time horizon, the firm sets the flexible capacity level using an aggregate demand forecast on the envelop...
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作者:Bischak, Diane P.; Robb, David J.; Silver, Edward A.; Blackburn, Joseph D.
作者单位:University of Calgary; Tsinghua University; University of Auckland; Vanderbilt University
摘要:In this article, we investigate the (R, S) periodic review, order-up-to level inventory control system with stochastic demand and variable leadtimes. Variable leadtimes can lead to order crossover, in which some orders arrive out of sequence. Most theoretical studies of order-up-to inventory systems under variable leadtimes assume that crossovers do not occur and, in so doing, overestimate the standard deviation of the realized leadtime distribution and prescribe policies that can inflate inve...
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作者:Kremer, Mirko; Minner, Stefan; Van Wassenhove, Luk N.
作者单位:Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Technical University of Munich; INSEAD Business School
摘要:The value of demand information underlies many supply chain strategies that aim at better matching supply and demand. This study reports on the results of a laboratory experiment designed to estimate the behavioral value of demand information. Relative to the commonly assumed benchmark of a rational risk-neutral decision maker, we find that decision makers are consistently willing to pay too much for the option to eliminate the risk of supply not matching demand. Contrary to intuition, we show...
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作者:Cai, Xiaoqiang; Zhou, Xian
作者单位:Chinese University of Hong Kong; Macquarie University
摘要:We consider a problem where a firm produces a variety of fresh products to supply two markets: an export market and a local market. A public transportation service is utilized to deliver the products to the export market, which is cheap, but its schedule is often disrupted severely. Each time this happens, the firm faces the following questions. (i) For a product that has been finished and is waiting for delivery to the export market, should it continue to wait, at an increasing risk of decay,...
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作者:Cattani, Kyle D.; Souza, Gilvan C.; Ye, Shengqi
作者单位:Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要:Online customers expect to wait, sometimes for a delay of many days. At the fulfillment center, there might be an opportunity to fill customer orders earlier than the due date through a cross-docking transaction: rather than picking the item from inventory, the item moves directly from the receiving to the shipping dock, saving shelving and picking transactions. While cross docking reduces shelving and picking costs, it risks changing customer expectations for how soon a product will be delive...
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作者:Singhal, Kalyan; Sodhi, ManMohan S.; Tang, Christopher S.
作者单位:University System of Maryland; University of Maryland Baltimore; City St Georges, University of London; University of California System; University of California Los Angeles
摘要:The Production and Operations Management Society (POMS) and Production and Operations Management (POM) have developed new initiatives with these objectives: (1) to disseminate managerial insights of articles published in POM to practitioners, MBA students, and participants in executive development programs; (2) to solicit descriptions of current and emerging problems from practitioners and share them with academics; and (3) to recognize academic research based on direct work with practitioners.