Consumers become satiated with a product when purchasing too much too quickly. How much is too much and how quickly is too quickly depends on the characteristics of the product relative to the time interval between consumption periods. Knowing that, consumers allocate their budget to products...

We propose an extension of the competitive newsvendor model to investigate the impact of quick response under competition. For this purpose, we consider two retailers that compete in terms of inventory: customers that face a stockout at their first-choice store will look for the product at the...

This paper analyzes optimal auction design when delivery of supply is uncertain. We consider a buyer facing multiple potential suppliers, each having an associated (exogenous) reliability that quantifies its risk of supply failure. We design optimal mechanisms that depend on the buyer's level of...

As is our tradition at the journal, we are pleased to publish the extended abstracts from the winners of the 2003 MSOM Society Student Paper Competition. We do this to celebrate the achievements of these young scholars and provide you with the opportunity to learn about their work in more...

In this paper, we investigate the optimality of myopic inventory replenishment policies in a periodic-review single-echelon system, with nonstationary, correlated, stochastic demand and cost, and nonincreasing stochastic prices. Using the single-unit decomposition approach, we provide certain...

In this paper, we study price competition for an oligopoly in a dynamic setting, where each of the sellers has a fixed number of units available for sale over a fixed number of periods. Demand is stochastic, and depending on how it evolves, sellers may change their prices at any time. This...

Companies such as Zara and World Co. have recently implemented novel product development processes and supply chain architectures enabling them to make more product design and assortment decisions during the selling season, when actual demand information becomes available. How should such retail...

As is our tradition at the journal, we are pleased to publish the extended abstracts from the winners of the 2004 MSOM Student Paper Competition. We do this to celebrate the achievements of these young scholars and provide you with the opportunity to learn about their work in more detail. The...

We propose a multi-period extension of the competitive newsvendor model of Lippman and McCardle (1997) to investigate the impact of quick response under competition. For this purpose, we consider two retailers that compete in terms of inventory: customers that face a stockout at their...

Working in collaboration with Spain-based retailer Zara, we address the problem of dis- tributing over time a limited amount of inventory across all the stores in a fast-fashion retail network. Challenges speci¯c to that environment include very short product life-cycles, and store policies...