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Contracting with suppliers prone to default is an increasingly common problem in some industries, particularly automotive manufacturing. We model this phenomenon as a two-period contracting game with two identical suppliers, a single buyer, deterministic demand, and uncertain production costs....
Persistent link: https://www.econbiz.de/10009218577
Each year the Manufacturing and Service Operations Management (MSOM) Society of INFORMS conducts a student paper competition. In Volume 2, Issue 2 of M&SOM, we published the extended abstracts of the 1999 winners in the hopes that this could become an annual event. Our hopes have become a...
Persistent link: https://www.econbiz.de/10009218764
We analyze the competitive capacity investment timing decisions of both established firms and start-ups entering new markets which are characterized by a high degree of demand uncertainty. Firms may invest in capacity early (when the market is highly uncertain) or late (when market uncertainty...
Persistent link: https://www.econbiz.de/10014044796