Gönsch, Jochen; Koch, Sebastian; Steinhardt, Claudius - In: International Journal of Production Economics 153 (2014) C, pp. 280-294
A major benefit of flexible products is that they allow for supply-side substitution even after they have been sold. This helps improve capacity utilization and increase the overall revenue in a stochastic environment. As several authors have shown, flexible products can be incorporated into the...