Firms such as Wal-Mart and Campbell's Soup have successfully implemented vendor managed inventory (VMI). Articles in the trade press and academic literature often begin with the premise that VMI is ‘beneficial'; but beneficial to which party and under what conditions? We consider in this paper...

The desire to decrease logistics costs has led organizations to investigate more profitable approaches to supply chain management. Three proven, yet not fully integrated, supply chain levers are distribution network optimization, shipment consolidation, and cross-docking (Brockmann 1999). The...

In this paper, we model an operating system consisting of a firm and its customers, where the mean demand rate is a function of the guaranteed delivery time offered to the customers and of market price, where price itself is determined by the length of the delivery time. Economies of scale are...

In this paper, we focus on a firm selling a single make-to-stock product to price-sensitive end customers. We develop an integrated operations-marketing model that can help determine the relevant profit-maximizing decision variable values for two pricing policies that the firm might follow -...

Traditional econometric models no longer provide an adequate means of assessing the attainment of stated resource-development objectives because these objectives are now beginning to include statements about the desirability of developing marginally economic resources. Econometric models do not...