This paper explores how firms that lack expertise in machine learning (ML) can leverage the so-called AI flywheel effect. This effect designates a virtuous cycle by which, as an ML product is adopted and new user data are fed back to the algorithm, the product improves, enabling further...

Economic systems produce robust statistical patterns in key sate variables including prices and incomes. Statistical equilibrium methods explain the distributional proper- ties of state variables as arising from specific institutional and behavioral postulates. Two traditions have developed in...

We use unique plant-level data to study the link between the local availability of services and the decision of manufacturing firms to source materials from abroad. To guide our empirical analysis we develop a monopolistic-competition model of the materials sourcing decisions of heterogeneous...

We use unique plant-level data to study the link between the local availability of services and the decision of manufacturing firms to source materials from abroad. To guide our empirical analysis we develop a monopolistic-competition model of the materials sourcing decisions of heterogeneous...

This study analyzes the relationship between the three main enterprise systems (Enterprise Resource Planning (ERP), Supply Chain Management (SCM), Customer Relationship Management (CRM)) and labor productivity. It reveals the performance gains due to different combinations of these systems. It...

Das Modell von Warburton zur analytischen Untersuchung des Peitscheneffekts für den Fall eines konstanten Nachfrageverlaufs führt zu einer verzögerten Differentialgleichung, wobei die Einflussgrößen des Peitscheneffekts die Wiederbeschaffungsverzögerungszeit und die Lagerperiode sind. Die...

Flexibilität wird im globalen Wettbewerb immer wichtiger. Viele Kunden erwarten kurze Lieferzeiten bei hoher Termintreue und die Fähigkeit, Produkte kurzfristig an ihre individuellen Wünsche anpassen zu können. In Industrieunternehmen wird daher neben entsprechenden organisatorischen...

This paper analyzes the relationship between the three main enterprise systems (Enterprise Resource Planning (ERP), Supply Chain Management (SCM), Customer Relationship Management (CRM)) and firms' innovational performance. It studies whether the enterprise systems have impacts on process as...

An economic lot size problem is studied in which a single vendor supplies a single purchaser with a homogeneous product and takes a certain fraction of the used items back for remanufacturing, in exchange for a deposit transferred to the purchaser. For the given demand, productivity, fixed...