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Problem Definition: Unoccupied waiting feels longer than it actually is. Service providers operationalize this psychological principle by offering entertainment options in waiting areas. A service cluster with a common space provides firms with an opportunity to cooperate in the investment for...
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Problem definition: Strategic inventory refers to the inventory held by firms purely out of strategic considerations other than operational reasons (e.g., economies of scale). In this paper, we investigate the roles of strategic inventory in a system with two parallel supply chains under both...
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We study a supply chain with one supplier and many retailers that face exogenous end-customer demands. The supplier and the retailers all try to minimize their own inventory-related costs. In contrast to the retailers’ newsvendor-type ordering behavior (under which retailers may place orders...
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In this paper we investigate the impact of a target on newsvendor decisions. Diff erent to the existing approach that maximizes the probability of the profi t reaching the target, in this paper we model the e ffect of a target by maximizing the satis ficing measure of a newsvendor's profi t with...
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