To mitigate the bullwhip effect in a supply chain, Lee et al. (1997) advocated the idea of sharing demand and order information among different supply chain entities by using compatible MRP or ERP systems. Even with full supply chain visibility afforded by an MRP system and no information...

In this note we present an efficient exact algorithm to solve the joint pricing and inventoryproblem for which Bhattacharjee and Ramesh (2000) proposed two heuristics. Our algorithmappears to be superior also in terms of computation time. Furthermore, we point out several mistakes in the paper...

Many theoretical models adopt a normative approach and assume that decision-makers are perfect optimizers. In contrast, this paper takes a descriptive approach and proposes a decision framework of bounded rationality, in which decision-makers are prone to errors and biases. In our model, while...

The paper investigates newsvendor problem for a dyadic supply chain in which both the supplier and the retailer are concerned with fairness. Nash bargaining solution is introduced as the fairness reference point and equilibrium results are derived. The effects of fairness concerns on optimal...

We study a firm's optimal transshipment problem considering the impacts of setup costs for transshipment and demand distribution shapes. We assume that the demand follows a three-point distribution, which changes from a degenerate distribution, to a unimodal distribution, and to a bimodal...

We analyze a price-setting news-vendor problem with an additive – multiplicative demand. We show that the uni-modality of the news-vendor profit function holds when the underlying random term has an increasing failure rate and the demand functions satisfy certain concavity conditions....