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Diversification Under Supply Uncertainty
Anupindi, Ravi; Akella, Ram - In: Management Science 39 (1993) 8, pp. 944-963
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
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Dual Sourcing in Repeated Procurement Competitions
Klotz, Dorothy E.; Chatterjee, Kalyan - In: Management Science 41 (1995) 8, pp. 1317-1327
effectiveness of this strategy. We find that in a two-period model with production learning and entry costs, dual sourcing, even for …
Persistent link: https://www.econbiz.de/10009204475
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Note--Commonality Strategies: Value Drivers and Equivalence with Flexible Capacity and Inventory Substitution
Mieghem, Jan A. Van - In: Management Science 50 (2004) 3, pp. 419-424
Commonality strategies assemble different products from at least one common component and one other product-specific component. The distinguishing feature of commonality, i.e., the presence of dedicated components to be assembled with a common component, is shown to be mathematically...
Persistent link: https://www.econbiz.de/10009214489
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Sole Versus Dual Sourcing in Stochastic Lead-Time (s, Q) Inventory Models
Ramasesh, Ranga V.; Ord, J. Keith; Hayya, Jack C.; Pan, … - In: Management Science 37 (1991) 4, pp. 428-443
When supply lead times are uncertain, the simultaneous procurement from two sources offers savings in inventory holding … analyze dual sourcing in the context of the "reorder point, order quantity" inventory model with constant demand and … quantity is split equally between the two vendors and the split orders are placed simultaneously when the inventory position …
Persistent link: https://www.econbiz.de/10009218016
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Bidding for Contests
Seshadri, Sudhindra - In: Management Science 41 (1995) 4, pp. 561-576
The procurement of product development and production services brings special strategic considerations to the buyer-seller relationship in industrial and institutional markets. Multiple sourcing, in particular dual sourcing, is a likely way of dealing with the increased risks faced by buyers....
Persistent link: https://www.econbiz.de/10009191560
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Expectation and Chance-Constrained Models and Algorithms for Insuring Critical Paths
Shen, Siqian; Smith, J. Cole; Ahmed, Shabbir - In: Management Science 56 (2010) 10, pp. 1794-1814
In this paper, we consider a class of two-stage stochastic optimization problems arising in the protection of vital arcs in a critical path network. A project is completed after a series of dependent tasks are all finished. We analyze a problem in which task finishing times are uncertain but can...
Persistent link: https://www.econbiz.de/10009208694
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Joint Inventory Replenishment and Component Allocation Optimization in an Assemble-to-Order System
Akçay, Yalçin; Xu, Susan H. - In: Management Science 50 (2004) 1, pp. 99-116
independent base-stock policy for inventory replenishment. Product demands in each period are integer-valued correlated random …
Persistent link: https://www.econbiz.de/10009214912
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Competitive Procurement Under Demand Uncertainty
Nti, Kofi O. - In: Management Science 33 (1987) 11, pp. 1489-1500
fact that unit purchasing cost increases with aggregate requirements. In this paper, a competitive inventory procurement …
Persistent link: https://www.econbiz.de/10009203685
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Note: Optimal Ordering Decisions with Uncertain Cost and Demand Forecast Updating
Gurnani, Haresh; Tang, Christopher S. - In: Management Science 45 (1999) 10, pp. 1456-1462
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...
Persistent link: https://www.econbiz.de/10009203820
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Optimal Dynamic Pricing for Perishable Assets with Nonhomogeneous Demand
Zhao, Wen; Zheng, Yu-Sheng - In: Management Science 46 (2000) 3, pp. 375-388
that at any given time, the optimal price decreases with inventory. We also identify a sufficient condition under which the … optimal price decreases over time for a given inventory level. This sufficient condition requires that the willingness of a …
Persistent link: https://www.econbiz.de/10009203833