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strategies that focused on cutting costs and improving product assortment, thereby improving inventory and financial performance … off. However, the growth in profit does not appear to come from improved performance for traditional inventory measures …
Persistent link: https://www.econbiz.de/10009444725
W e develop a structural demand model that endogenously captures the effect of out-of-stocks on customer choice by simulating a time-varying set of available alternatives. Our estimation method uses store-level data on sales and partial information on product availability. Our model allows for...
Persistent link: https://www.econbiz.de/10009475399
a retail environment, one must take into account the interactions among inventory, dynamic pricing, and negotiation. The … outcome of the negotiation (and the final price a customer pays) depends on the inventory level, the remaining selling season … posted price and the resulting negotiation outcome as a function of inventory and time. We also show that negotiation is an …
Persistent link: https://www.econbiz.de/10009477224
an inventory ofessential facilities in the region was part of the foundation needed to support itsresearch efforts … survey contacts. Theessential facility inventory was found to be relatively fragile with a large numberof unreinforced …
Persistent link: https://www.econbiz.de/10009477655
This paper treats the problem of setting the inventory level and optimizing the buffer allocation of closed-loop flow … second part, we focus on the relationship between the CONWIP inventory level and the short-term profit. The accuracy of the …
Persistent link: https://www.econbiz.de/10009447465
Anecdotal data affirms that companies applying Lean Six Sigma in their operations not only deliver higher quality products and services, but also obtain superior financial results. The goal of this research was to empirically verify anecdotal data. The study proposed to analyze a group of...
Persistent link: https://www.econbiz.de/10009457236
perishable and non-perishable inventory. A very general class of demand functions is studied in this paper. We derive the optimal … sales are unobservable, with perishable inventory the optimal stocking factor is always at least as large as the one given … by the single-period model; whereas, if inventory is non-perishable, this result holds only under a strong condition …
Persistent link: https://www.econbiz.de/10009430690
We study inventory systems operating under an infinite-horizon, periodic-review base-stock control policy with … steady state probability of each inventory level and use this to find the optimal base-stock level in this setting. Moreover … distribution. Finally, for a two-location inventory system consisting of a single retailer supplied by a single distributor, whose …
Persistent link: https://www.econbiz.de/10009431148
In this essay, I will identify one theoretical source of the common antipathy towards form contracts and why it is … misguided. I contend that the hostility towards form contracts stems in important part from an implicit adoption of a promise … contracts can be seen as entirely legitimate-though some form terms may properly be subject to judicial scrutiny that would be …
Persistent link: https://www.econbiz.de/10009466420
Ten basic contracting strategies were developed after a review of past strategies that had been used at the Hanford Site, other US Department of Energy (DOE) sites, other US government agencies, and in the private sector. As applicable to the Low-Level Waste Vitrification Plant (LLWVP) Project,...
Persistent link: https://www.econbiz.de/10009435447