Peng, Chen; Erhun, Feryal; Hertzler, Erik F.; Kempf, Karl G. - In: Manufacturing & Service Operations Management 14 (2012) 2, pp. 170-185
To help a firm reduce inefficiencies associated with equipment capacity planning, we propose a <i>dual-mode equipment procurement</i> (DMEP) framework. DMEP combines dual-source (i.e., a less-expensive-but-slower base mode and a faster-but-more-expensive flexible mode) procurement with option contracts...
