Line extensions – variants of existing products with new appearances, functions, or forms – constitute a significant fraction of products launched each year. While line extensions typically share components with existing products and, therefore, require lower development costs (as compared...

For most multi-period decision-making problems, it is generally well-accepted that the influence of information about later periods on the optimal decision in the current period reduces as we move farther into the future. If and when this influence reduces to zero, the corresponding problem...

In this paper, we use integer programming (IP) to compute minimal forecast horizons for the classical dynamic lot-sizing problem (DLS). As a solution approach for computing forecast horizons, integer programming has been largely ignored by the research community. It is our belief that the...

Newsvendor decision making is ubiquitous in the global economy. Very often, newsvendor decision makers are overworked; thus, making ordering decisions is one of myriad things on their plate. They do not have the energy to focus solely on the newsvendor decisions and yet have to make them under...

Industrial Symbiosis or By-Product Synergy is defined as a resource-sharing strategy that engages traditionally separate industries in a collective approach that involves a physical exchange of materials, water, energy, and by-products. Inspired by a real-world example of a paper-sugar symbiotic...

Omnichannel firms regularly share information between their multiple channels (e.g., online vs. physical store), i.e., horizontal information sharing, to improve their operational and financial performance. As information often tends to be error-prone -- when it is collected, transmitted, or...

The post-pandemic world requires a renewed focus from service providers in ensuring that all customer segments receive the essential services (food, healthcare, housing, education, etc.) they need. Philanthropic service providers are unable to cope with the increased demands caused by the...

Taking advantage of low foreign tax rates using transfer pricing and taking advantage of low production costs using offshoring are two strategies multinational firms (MNFs) use to increase their profits. We identify an important trade-off that MNFs face in setting their transfer prices: the...

Taking advantage of low foreign tax rates using transfer pricing and taking advantage of low production costs using offshoring are two strategies multinational firms (MNFs) use to increase their profits. We identify an important trade-off that MNFs face in setting their transfer prices: the...

Anchoring and Insufficient Adjustment (AIA) bias has been observed in many newsvendor experiments, although a mathematical explanation for this behavior has previously eluded researchers. We show that risk aversion coupled with an implicit shortage cost, both of which are well-known components...