Showing 81 - 90 of 156
In this paper, we analyze a call center with impatient customers. We study how informing customers about their anticipated delays affects performance. Customers react by balking upon hearing the delay announcement and may subsequently renege, particularly if the realized waiting time exceeds the...
Persistent link: https://www.econbiz.de/10010990408
We consider ordinary and conditional first passage times in a general birth–death process. Under existence conditions, we derive closed-form expressions for the kth order moment of the defined random variables, k ≥ 1. We also give an explicit condition for a birth–death process to be...
Persistent link: https://www.econbiz.de/10010847883
We consider ordinary and conditional first passage times in a general birth–death process. Under existence conditions, we derive closed-form expressions for the kth order moment of the defined random variables, k ≥ 1. We also give an explicit condition for a birth–death process to be...
Persistent link: https://www.econbiz.de/10010999887
Persistent link: https://www.econbiz.de/10005240603
We study a single product two-period production/inventory model, in which the demands at each period are independent random variables. To optimally satisfy these random demands, quantities can be produced at the beginning of each period using slow or fast production mode, under capacity...
Persistent link: https://www.econbiz.de/10005318293
We consider a finite-horizon, single-stage, single-product periodic review store inventory in which inventory records are inaccurate. We assume that inventory inaccuracies are introduced by theft type errors that arise within the store. We propose a comparison between three approaches based on...
Persistent link: https://www.econbiz.de/10005318351
An analysis of control policies for a two-stage supply chain with subcontractors at each stage is presented when decisions at each stage concerning safety stocks, backorders, and subcontracting are made jointly or in a decentralized manner. The inventory/admission control policies considered are...
Persistent link: https://www.econbiz.de/10005318462
This paper models a call center as a Markovian queue with multiple servers, where customer impatience, and retrials are modeled explicitly. The model is analyzed as a continuous time Markov chain. The retrial phenomenon is explored numerically using a real example, to demonstrate the magnitude...
Persistent link: https://www.econbiz.de/10005337722
Persistent link: https://www.econbiz.de/10005347575
This paper examines a Newsvendor framework in which a wholesaler who sells products to retailers is subject to inaccuracies in inventory data. The wholesaler's decision regarding the management of his warehouse inventory is based on inventory data recorded in the information system. We assume...
Persistent link: https://www.econbiz.de/10005257232