This paper presents approximate analytical models to quantify the expected improvement in inventory investment when using a system approach to control inventory as opposed to a simpler item approach. A system approach ensures that a demand-weighted average fill rate is achieved at low inventory...

Am 12. Oktober 2004 wurde das European Research Center for Information Systems (ERCIS) in einem feierlichen Gründungsakt ins Leben gerufen. In der Feierstunde im Schloss der Universität Münster haben Vertreter der Universität, der Politik, der Verwaltung und von Unternehmen ihre Visionen...

Although algorithmic decision support is omnipresent in many managerial tasks, a lack of algorithm transparency is often stated as a barrier to successful human–machine collaboration. In this paper, we analyze the effects of algorithm transparency on the use of advice from algorithms with...

This study examines human ordering behavior in service‐level inventory contracts, a class of contracts important in practice. Studies of wholesale price contracts find that people tend to place orders that are suboptimal and biased toward mean demand. Unlike wholesale price contracts,...

We investigate the impact of coordinating the timetable and the crew schedule in an operational freight railway system. Usually, those problems are solved sequentially—resulting in suboptimal schedules for train drivers due to large idle times between two train rides. We seek to coordinate the...