Demand volatility and production lead time oblige manufacturers of made-to-stock goods to use economic forecasts in deciding on production quantities. Manufacturers of finitely durable goods face an additional complication -- in making production decisions, they must consider not only the...

Durable goods account for a significant portion of the economy and have been of considerable interest to academic researchers, especially economists, over the last four decades. Given the importance of strategic issues concerning durable goods markets to IS and OM researchers, our objective is...