We study a manufacturer that faces a supplier privileged with private information about supply disruptions. We investigate how risk-management strategies of the manufacturer change and examine whether risk-management tools are more or less valuable in the presence of such asymmetric information....

Many owners of growing privately held firms make operational and financial decisions in an effort to maximize the expected present value of the proceeds from an initial public offering (IPO). We ask: ÜWhat is the right time to make an IPO?Ý and ÜHow should operational and financial decisions...

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We determine the optimal ordering policy for a retailer who has two instants to order a seasonal product from a manufacturer prior to a single selling season. While the demand is uncertain, the retailer can improve the forecast by utilizing the market signals observed between the first and...

This special issue, by addressing problems surrounding marketing and operations management, depicts state-of-the-art approaches, methodologies, and insights to improve a firm's or supply chain's overall performance. Top scholars in the field address many of the ways in which companies can...

This paper presents a model of a bottleneck facility that performs two distinct types of operations: "regular" and "rework." Each job is subjected to a test after completing the regular operation at the bottleneck. If the job passes the test, then it continues its process downstream. Otherwise,...

Many companies have embarked on initiatives that enable more demand information sharing between retailers and their upstream suppliers. While the literature on such initiatives in the business press is proliferating, it is not clear how one can quantify the benefits of these initiatives and how...

This paper presents a discrete time model of a multi-stage production system that faces two major types of uncertainties: the output rate at each production stage and the demand for the finished product. Our goal is to analyze the impact of these uncertainties on the production level and on the...

This paper presents a model of a bottleneck facility that performs two distinct types of operations: "regular" and "repair." Both switch-over time and cost are incurred when the facility switches from performing one type of operation to a different type. Upon the completion of a batch of jobs in...

For an uncertain production system, the rule that controls the flow of material relies on parameters, such as the yield rates and the demand rate. These parameters are estimates, and they are usually inaccurate. In this paper, we analyze a type of "pull" rule called a proportional restoration...