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Manufacturing companies that activate on the functional layout need a specific procedure while switching to the cellular manufacturing. The first step in this procedure is formation of cells in the appropriate amount and sizes. The part-machine incidence matrix that consists of binary data and...
Persistent link: https://www.econbiz.de/10014180523
We study the problem of scheduling a chain-reentrant shop, in which each job goes for its processing first to a machine called the primary machine, then to a number of other machines in a fixed sequence, and finally back to the primary machine for its last operation. The problem is to schedule...
Persistent link: https://www.econbiz.de/10014218590
The differentiation of products and services parallel with the globalization, motivated researchers to commit resources within supply chains more effectively. Competitive nature of the markets requires innovativeness with swift actions to supply mass customized demand. The total cost in the...
Persistent link: https://www.econbiz.de/10012962781
We study a joint implementation of price- and availability-based product substitution to better match demand and constrained supply across vertically differentiated products. Our study is motivated by firms that utilize dynamic pricing as well as customer upgrades, as ex-ante and ex-post...
Persistent link: https://www.econbiz.de/10012955358
Inventory management for a new product is challenging due to the lack of historical data, and sales data cannot fully capture the actual demand as excess demand is usually unobservable. Meanwhile, demand-related features are available in the era of big data. We study how to determine the...
Persistent link: https://www.econbiz.de/10014344544
We study a monopolistic firm which introduces two product versions sequentially in two periods. We analyze and compare the firm's decisions on the innovation level of the new version, the production quantities and prices of both versions, and the associated profit in four settings: when the...
Persistent link: https://www.econbiz.de/10012838796
Environmental and energy independence concerns lead to government subsidies for electric vehicles (EVs). Operational decisions for a government are i) to incentivize EV ownership by a direct consumer subsidy, a station subsidy that reduces charging inconvenience, or by both subsidies; and ii) to...
Persistent link: https://www.econbiz.de/10013321859
In the Online-to-Offline (O2O) ecommerce model, one challenge facing the online business is to predict customers' future purchases towards each product or subcategory of products, and consequently, coordinate the large amount of offline businesses involved. The main obstacle in doing that...
Persistent link: https://www.econbiz.de/10014100799
We develop a forecasting method for the manufacturer and online seller of a product collection that changes periodically and radically. The firm, an industry leader in technology and quality, has experienced double-digit annual sales growth. In seeking to minimize supply-demand mismatch costs...
Persistent link: https://www.econbiz.de/10014127366
We develop a monopoly model in continuous time in which consumers constantly learn about the quality of their purchased products and can return the item for a refund within a certain period. By deriving a solution that fully summarizes the shopping and returning outcomes, we find that consumer...
Persistent link: https://www.econbiz.de/10013310294