Showing 1 - 10 of 393
This paper proposes a new methodology to solve partially observed inventory problems. Generally, these problems have infinitedimensional states that are conditional distribution of the inventory level. Our methodology involves linearizing the state transitions via unnormalized probabilities. It...
Persistent link: https://www.econbiz.de/10014204176
This paper considers a dynamic lot sizing problem faced by a producer who supplies a single product to multiple customers. Characterized by their backorder costs as well as shipping costs, a customer with a high backorder cost has a greater need for the product than a customer with a low...
Persistent link: https://www.econbiz.de/10014208056
A supplier provides several lead-time options to its customers in a periodic review inventory system. The replenishment lead time is a multiple of the inventory review cycle. Customers are classified into two groups: short lead-time customers requiring the product immediately and long lead-time...
Persistent link: https://www.econbiz.de/10014210616
We consider the problem of scheduling n jobs in a pallet-constrained two-machine flowshop so as to minimize the makespan. In such a flowshop environment, each job needs a pallet the entire time, from the start of its first operation until the completion of the last operation, and the number of...
Persistent link: https://www.econbiz.de/10014211244
We consider a production planning problem for a general jobshop subject to breakdown and repair of machines and subject to lower and upper bound constraints on work-in-process. The machine capacities and demand processes are assumed to be finite state Markov chains. The problem is to choose the...
Persistent link: https://www.econbiz.de/10014211280
We analyze a supply chain consisting of a supplier and a retailer. The supplier's unit production cost, which characterizes his type, is only privately known to him. When trading with the retailer, the supplier demands a reservation profit that depends on his unit production cost. We model this...
Persistent link: https://www.econbiz.de/10012755263
Firms frequently utilize multiple communications instruments as part of their marketing campaign. Interactions between these instruments suggest that firms should apply Integrated Marketing Communications (IMC) to benefit from the synergies. We review different IMC models and then present a...
Persistent link: https://www.econbiz.de/10012760419
We present structural and computational investigations of a new class of weak forecast horizons - minimal forecast horizons under the assumption that future demands are integer multiples of a given positive real number - for a specific class of dynamic lot-size (DLS) problems. Apart from being...
Persistent link: https://www.econbiz.de/10012766485
This paper studies multiproduct inventory models with stochastic demands and a warehousing constraint. Finite horizon as well as stationary and nonstationary discounted-cost infinite-horizon problems are addressed. Existence of optimal feedback policies is established under fairly general...
Persistent link: https://www.econbiz.de/10012766626
To increase the sales of their products through advertising, firms must integrate their brand-advertising strategy for capturing market share from competitors and their generic-advertising strategy for increasing primary demand for the category. This paper examines whether, when, and how much...
Persistent link: https://www.econbiz.de/10012766678