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Coordinating Production and Delivery Under a (z, Z)-Type Vendor-Managed Inventory Contract

Fry, Michael J.; Kapuscinski, Roman; Olsen, Tava Lennon - In: Manufacturing & Service Operations Management 3 (2001) 2, pp. 151-173

This paper models a type of vendor-managed inventory (VMI) agreement that occurs in practice called a (z, Z) contract. We investigate the savings due to better coordination of production and delivery facilitated by such an agreement. The optimal behavior of both the supplier and the retailer are...

Persistent link: https://www.econbiz.de/10009218533

Matching Supply and Demand: The Value of a Second Chance in Producing Hybrid Seed Corn

Jones, Philip C.; Lowe, Timothy J.; Traub, Rodney D.; … - In: Manufacturing & Service Operations Management 3 (2001) 2, pp. 122-137

This paper considers a production-scheduling problem arising when there are random yields and demands as well as two sequential production periods before demand occurs. A typical instance is the production of seed corn. The paper makes three contributions. First, we verify that the objective...

Persistent link: https://www.econbiz.de/10009218536

Positive vs. Negative Externalities in Inventory Management: Implications for Supply Chain Design

Netessine, Serguei; Zhang, Fuqiang - In: Manufacturing & Service Operations Management 7 (2005) 1, pp. 58-73

In this paper we analyze the impact of supply-side externalities existing among downstream retailers on supply chain performance. Namely, multiple retail firms face stochastic demand, purchase the product from the upstream wholesaler, and make stocking decisions that affect all other retailers...

Persistent link: https://www.econbiz.de/10009218572

Managing a Customer Following a Target Reverting Policy

Gavirneni, Srinagesh; Tayur, Sridhar - In: Manufacturing & Service Operations Management 1 (1999) 2, pp. 157-173

We consider a stochastic, capacitated production-inventory model in which the customer provides information about the expected timing of future orders to the supplier. We allow for randomness in customer order arrivals as well as the quantity demanded, but work under the assumption that the...

Persistent link: https://www.econbiz.de/10009218588

On the Interactions Between Routing and Inventory-Management Policies in a One-Warehouse N-Retailer Distribution System

Schwarz, Leroy B.; Ward, James E.; Zhai, Xin - In: Manufacturing & Service Operations Management 8 (2006) 3, pp. 253-272

This paper examines the interactions between routing and inventory-management decisions in a two-level supply chain consisting of a cross-docking warehouse and N retailers. Retailer demand is normally distributed and independent across retailers and over time. Travel times are fixed between...

Persistent link: https://www.econbiz.de/10009218590

A Risk-free Perishable Item Returns Policy

Webster, Scott; Weng, Z. Kevin - In: Manufacturing & Service Operations Management 2 (2000) 1, pp. 100-106

A returns policy, which specifies a schedule of rebates from manufacturer to retailer for product left over at the end of the selling season, encourages larger order quantities and can increase manufacturer profit. One downside from a manufacturer's perspective is the possibility of very low...

Persistent link: https://www.econbiz.de/10009218614

Optimizing Delivery Fees for a Network of Distributors

Balakrishnan, Anantaram; Natarajan, Harihara Prasad; … - In: Manufacturing & Service Operations Management 2 (2000) 3, pp. 297-316

The third-party logistics industry has grown rapidly in recent years, accounting for $46 billion of the total $921 … billion in logistics spending in the United States during 1999. This figure is expected to grow by 15 to 20% annually as … manufacturing firms increasingly partner with third-party logistics providers to cost effectively distribute their products, while …

Persistent link: https://www.econbiz.de/10009218636

Capacity Investments in Supply Chains: Sharing the Gain Rather Than Sharing the Pain

Tomlin, Brian - In: Manufacturing & Service Operations Management 5 (2003) 4, pp. 317-333

In this paper, we investigate price-only contracts in supply chain capacity procurement games. For a two-party supply chain, comprising a manufacturer and a supplier that both invest in capacity, we prove the existence of a class of coordinating price-only contracts that arbitrarily allocate the...

Persistent link: https://www.econbiz.de/10009218650

Bounded Rationality in Newsvendor Models

Su, Xuanming - In: Manufacturing & Service Operations Management 10 (2008) 4, pp. 566-589

Many theoretical models adopt a normative approach and assume that decision makers are perfect optimizers. In contrast, this paper takes a descriptive approach and considers bounded rationality, in the sense that decision makers are prone to errors and biases. Our decision model builds on the...

Persistent link: https://www.econbiz.de/10009218743

Evolution of ARMA Demand in Supply Chains

Zhang, Xiaolong - In: Manufacturing & Service Operations Management 6 (2004) 2, pp. 195-198

This paper shows that an ARMA demand generates an ARMA order history when ordering decisions are made based on an order-up-to policy. The order history preserves the autoregressive structure of the demand and transforms its moving average structure according to a simple algorithm. We apply this...

Persistent link: https://www.econbiz.de/10009218795