This paper investigates the relationship between market conditions and the value and use of sourcing flexibility for service processes. We develop and analyze a series of models, and we derive expressions for the optimal switching decision, the value of the option to outsource, the value of the...

Artemisinin combination therapy, the most effective malaria treatment today, is manufactured from an agriculturally derived starting material Artemisia annua. Artemisinin, the main ingredient in malaria medicines, is extracted from Artemisia leaves and used in the production of medicine for...

We study mechanisms that encourage manufacturers of global health products to build production capacity. This is particularly important for health products manufactured for low- and middle-income country (LMIC) markets where willingness to pay is lower and demand risks are greater. As a result,...

Problem Definition: Edible but cosmetically substandard produce (imperfect produce) is often not sold in stores, leading to substantial food waste. The commercialization of imperfect produce constitutes a promising lever to tackle food waste. This study investigates how a grocery retailer should...

Invoices from tier-1 suppliers to the downstream anchor manufacturer can be tokenized onto a blockchain. The tier-1 suppliers are then able to split and transfer the tokens to their own (tier-2) suppliers, enabling deep-tier suppliers to sell tokens and access financing at more affordable rates...

Agricultural businesses face several critical challenges today posed by a growing population, poor socio-economic status of farmers in much of the world, and increasing environmental and sustainability concerns. These challenges are inherently related to analytics in farm-to-fork operations and...

This article shows that under uncertainty, a firm's capacity investment decision crucially depends on the mode of market approach (price-setting vs. quantity-setting) and competition that follows investment. We model an industry in which firms have to make capacity investment decisions when...

We develop a two-period model applicable to global sourcing by considering a firm that operates in two markets: one is located in the U.S. and the second is in a country having a selling season that does not overlap with the U.S. selling season. Demand for each market depends linearly on the...

We analyze the problem of determining inventory and pricing decisions in a two-period retail setting when an opportunity to refine information about uncertain demand is available. The model extends the newsvendor problem with pricing by allowing for multiple suppliers, the pooling of procurement...

We address the problem of determining optimal ordering and pricing policies in a finite-horizon newsvendor model with unobservable lost sales. The demand distribution is price-dependent and involves unknown parameters. We consider both the cases of perishable and non-perishable inventory. A very...