the unbiased seller: the price decreases with the remaining inventory and increases with the time-to-go. Interestingly, we …

through inventory transactions to be more efficient---it leads to less costly operational distortions---than signaling through … costs, market size, and inventory salvage value. Signaling through inventory being only tenable when inventory transactions …

An important observation in supply chain management, known as the bullwhip effect, suggests that demand variability … bullwhip effect: demand forecasting and order lead times. We extend these results to multiple-stage supply chains with and … without centralized customer demand information and demonstrate that the bullwhip effect can be reduced, but not completely …

median of inventory holding periods were reduced from 96 days to 81 days. The average rate of inventory reduction is about 2 …% per year. The greatest reduction was found for work-in-process inventory, which declined by about 6% per year. Finished …

We propose a behavioral theory to predict actual ordering behavior in multi-location inventory systems. The theory … experimentally test the proposed theory in both the centralized and decentralized inventory structures using subjects motivated by … proposed model nests the standard inventory and ex-post inventory error minimization theories as special cases, one can …

demand in a multiperiod setting. We assume a factor-based demand model in which demand for each product in each period is … ambiguity of demand. Under a linear decision rule, we obtain a storage and retrieval policy by solving a moderate-size linear … optimization problem. Surprisingly, despite imprecise specification of demand distributions, our computational studies suggest that …

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 …

This paper presents a model that incorporates variations in the demand rate at random time points into the inventory … planning decision. These changes in demand may occur due to economic recessions, labor strife starting or ending, or other … events that result in a period of time during which the rate of demand is shifted up or down from its current level. The …

A well-known result in inventory theory is that physical centralization of stocks in a system with multiple retailers …