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The present paper shows why information asymmetry and bivariate stochastic demand and spot price induce different behaviours and economic inefficiency in a carrier – shipper relationship. An example is offered of a single period, single echelon, shipper-carrier transport model where demand...
Persistent link: https://www.econbiz.de/10005407959
About inventory models, a concern is 'often made [that] any resemblances between the models constructed and reality are … purely coincidental.' One set of factors not usually considered in textbook models of inventory decisions is suggested by … affect inventory decisions, and how? I study four hypotheses. The first is that the market could be a side-show, with no …
Persistent link: https://www.econbiz.de/10005413158
Among practitioners, inventory is often thought to be the root of all evil in operations management. The stock market … hates it, the media abhors it, and managers have come to fear it. But high inventory levels can also be the result of … strategic buying and high-availability strategies. The problem is that when the market sees lots of inventory, it cannot tell …
Persistent link: https://www.econbiz.de/10005413245
This paper is focused on the solution quality and computing time requirements of heuristic methods for cost-oriented assembly line balancing. It is based on a recent paper (Amen, International Journal of Production Economics 68 (2000), which describes in detail the solution process of existent...
Persistent link: https://www.econbiz.de/10005125666
This paper is concerned with cost-oriented assembly line balancing. This problem occurs especially in the final assembly of automotives, consumer durables or personal computers, where production is still very labour- intensive, and where the wage rates depend on the requirements and...
Persistent link: https://www.econbiz.de/10005062747
After a characterization of the cost-oriented assembly line balancing problem it will be shown that by loading the stations maximally the cost-oriented optimum can be missed. Instead of loading the stations maximally the criterion two-stations-rule a has to be used. For generating optimal...
Persistent link: https://www.econbiz.de/10005556695
The present paper develops a basic framework for evaluating and optimizing profits in a business operation. In developing a business we are often faced with an infinity of choices ranging from what products or services to sell and what customers to target to how to structure and manage the...
Persistent link: https://www.econbiz.de/10005561773
The present paper studies the impact of information sharing and contractual instruments on a shipper and her transport suppliers through a monte carlo simulation. After reviewing the literature, we propose a model to measure the benefits in terms of expected transport cost and variance of this...
Persistent link: https://www.econbiz.de/10005119207
Transport cost is second in importance after production cost in industry. It is the purpose of the present paper to study the impact of information sharing and contractual instruments between a supply chain and its transport suppliers. After reviewing the literature, we propose a model to...
Persistent link: https://www.econbiz.de/10005561824
work in process inventory levels, under a particular risk allowance and a particular environmental scenario. This work …
Persistent link: https://www.econbiz.de/10005126234