Showing 1 - 10 of 253
optimal inventory-trading policy of a risk-neutral merchant is characterized by two stage and spot-price dependent basestock … targets. Under some assumptions, these targets are monotone in the spot price and partition the available inventory and spot … prices in general depends on the merchant's inventory availability. This is a consequence of the interplay between the …
Persistent link: https://www.econbiz.de/10009197805
This paper considers a firm's price and inventory policy when it faces uncertain demand that depends on both price and … inventory level. The authors extend the classic newsvendor model by assuming that expected utility maximizing consumers choose … more customers, and earns higher profits when it internalizes the effect of its inventory on demand. Second, the authors …
Persistent link: https://www.econbiz.de/10009191946
We consider a supply chain in which two suppliers compete for supply to a customer. Pricing and delivery … customer because she can lower her inventory with deliveries from more suppliers. In general, higher delivery frequencies lower …
Persistent link: https://www.econbiz.de/10009197904
firms make three decisions: capacity investment, production (inventory) quantity, and price. Typically, investments are made … and production (inventory) decisions relatively insensitive to uncertainty. This suggests that managers can make optimal …-post pricing before production postponement reengineering. While more postponement increases firm value, it is counterintuitive …
Persistent link: https://www.econbiz.de/10009198232
This paper examines an integrated decision-making process regarding pricing for uncertain demand and sourcing from … and only if the inventory level is below the reorder point. When this happens, the optimal order and price are coordinated … profit improvement obtained from deploying dynamic pricing, as opposed to static pricing. Our results indicate that either …
Persistent link: https://www.econbiz.de/10009209380
This paper develops an order-up-to S inventory model that is designed to handle multiple items, resource constraints … complex, real-world inventory control problems. …
Persistent link: https://www.econbiz.de/10009191183
We study a single-product single-location inventory system under periodic review, where excess demand is lost and the …
Persistent link: https://www.econbiz.de/10009191251
operational issue of quantity allocation between two uncertain suppliers and its effects on the inventory policies of the buyer …
Persistent link: https://www.econbiz.de/10009191368
, flexibility (e.g., inventory substitution), and sharing (commonality). In contrast to single-resource settings, risk … hedge and suggest rules of thumb for strategic placement of safety capacity and inventory in networks: (1) Risk pooling …
Persistent link: https://www.econbiz.de/10009191555
This note deals with the joint replenishment problem with stochastic demands. A new class of policies called P(s, S) policy is proposed for this problem. The proposed policy uses independent, periodic review (s, S) policies for each item. Results on test problems show that the proposed policy is...
Persistent link: https://www.econbiz.de/10009191573