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
Assigning products to and retrieving them from proper storage locations are crucial decisions in minimizing the operating cost of a unit-load warehouse. The problem becomes intractable when the warehouse faces variable supply and uncertain demand in a multiperiod setting. We assume a...
Persistent link: https://www.econbiz.de/10010990519
operational measures. We model a manufacturing firm that can purchase BI insurance, invest in inventory, and avail of emergency … optimal insurance deductible and coverage limit as well as the optimal inventory level. We prove that insurance and …, insurance can increase the marginal value of inventory and can increase the overall value of emergency sourcing. We also find …
Persistent link: https://www.econbiz.de/10010990593
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