Narrow search
Showing 1 - 10 of 172
Cover Image
Managerial Regret and Inventory Pricing
Li, Meng; Liu, Yan - 2021
In this paper, we study a regretful seller’s problem of selling a fixed number of goods over a finite and known time horizon. The seller engages in counterfactual thinking to compare her selected price with other forgone alternatives. If a forgone alternative (ex post) generates a better...
Persistent link: https://www.econbiz.de/10013235251
Cover Image
Reference-Dependence in Multi-Location Newsvendor Models : A Structural Analysis
Ho, Teck; Lim, Noah; Cui, Tony Haitao - 2010
We propose a behavioral theory to predict actual ordering behavior in multi-location inventory systems. The theory rests on a well-known stylized fact of human behavior: People's preferences are reference-dependent. We incorporate reference-dependence into the newsvendor framework by assuming...
Persistent link: https://www.econbiz.de/10014207146
Cover Image
The Effects of Worker Learning, Forgetting, and Heterogeneity on Assembly Line Productivity
Shafer, Scott M.; Nembhard, David A.; Uzumeri, Mustafa V. - In: Management Science 47 (2001) 12, pp. 1639-1653
The authors investigate through several simulations how patterns of learning and forgetting affect the operating … performance of an assembly line. A unique aspect of this study is that a distribution of learning/forgetting behavior based on an … empirical population of workers is used rather than assuming the same learning pattern for all employees. The paper demonstrates …
Persistent link: https://www.econbiz.de/10009191960
Cover Image
Strategic and Operational Benefits of Electronic Integration in B2B Procurement Processes
Mukhopadhyay, Tridas; Kekre, Sunder - In: Management Science 48 (2002) 10, pp. 1301-1313
Our goal is to assess the strategic and operational benefits of electronic integration for industrial procurement. We conduct a field study with an industrial supplier and examine the drivers of performance of the procurement process. Our research quantifies both the operational and strategic...
Persistent link: https://www.econbiz.de/10009203828
Cover Image
Information Transparency of Business-to-Business Electronic Markets: A Game-Theoretic Analysis
Zhu, Kevin - In: Management Science 50 (2004) 5, pp. 670-685
The abundance of transaction data available on the Internet tends to make information more transparent in electronic marketplaces. In such a transparent environment, it becomes easier for suppliers to obtain information that may allow them to infer their rivals' costs. Is this good news or bad...
Persistent link: https://www.econbiz.de/10009204012
Cover Image
Batch Construction Heuristics and Storage Assignment Strategies for Walk/Ride and Pick Systems
Ruben, Robert A.; Jacobs, F. Robert - In: Management Science 45 (1999) 4, pp. 575-596
items that have been suggested in the literature. Our results are derived from the simulation of a single hypothetical …
Persistent link: https://www.econbiz.de/10009191830
Cover Image
A Periodic Review Inventory Model with Demand Influenced by Promotion Decisions
Cheng, Feng; Sethi, Suresh P. - In: Management Science 45 (1999) 11, pp. 1510-1523
In this paper, we use a Markov decision process (MDP) to model the joint inventory-promotion decision problem. The state variable of the MDP represents the demand state brought about by changing environmental factors as well as promotion decisions. The demand state in a period determines the...
Persistent link: https://www.econbiz.de/10009214483
Cover Image
Capacitated Multi-Item Inventory Systems with Random and Seasonally Fluctuating Demands: Implications for Postponement Strategies
Aviv, Yossi; Federgruen, Awi - In: Management Science 47 (2001) 4, pp. 512-531
We address multi-item inventory systems with random and seasonally fluctuating, and possibly correlated, demands. The items are produced in two stages, each with its own lead-time; in the first stage a common intermediate product is manufactured. The production volumes in the first stage are...
Persistent link: https://www.econbiz.de/10009191298
Cover Image
Behind the Learning Curve: A Sketch of the Learning Process
Adler, Paul S.; Clark, Kim B. - In: Management Science 37 (1991) 3, pp. 267-281
This exploratory paper sketches some of the behavioral processes that give rise to the learning curve. Using data from … model highlights the complex relationship between first-order and second-order learning. …
Persistent link: https://www.econbiz.de/10009203676
Cover Image
Joint Ventures and the Option to Expand and Acquire
Kogut, Bruce - In: Management Science 37 (1991) 1, pp. 19-33
This article develops the perspective that joint ventures are created as real options to expand in response to future technological and market developments. The exercise of the option is accompanied by an acquisition of the venture. It is hypothesized that the timing of the acquisition should be...
Persistent link: https://www.econbiz.de/10009203731