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The better utilization of production resources has been a concern in the automotive industry over decades. Though costly itself, increasing process flexibility across the entire production network is seen as a particularly efficient approach for managing the mismatch between available production...
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Efficient implementation of product recovery requires appropriate network structures. In this paper, we study the network design problem of a firm that manufactures new products and remanufactures returned products in its facilities. We examine the capacity decisions and expected performance of...
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Previous experimental work showed that newsvendors tend to order closer to mean demand than prescribed by the normative critical fractile solution. A recently proposed explanation for this mean ordering behavior assumes that the decision maker commits random choice errors, and predicts the mean...
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