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This paper discusses how a manufacturer and its retailers interact with each other to optimize their product marketing strategies, platform product configuration and inventory policies in a VMI (Vendor Managed Inventory) supply chain. The manufacturer procures raw materials from multiple...
Persistent link: https://www.econbiz.de/10012757795
nonobservation of demand, spoilage, misplacement, or theft of inventory. We study a partially observed inventory system where the … demand is not observed, inventory level is noticed when it reaches zero, the unmet demand is lost, and replenishment orders …
Persistent link: https://www.econbiz.de/10012766722
non-observation of demand, spoilage, misplacement, or theft of inventory. We study a periodic review inventory system … where the unmet demand is backordered. When inventory level is nonnegative, the inventory manager does not know the exact …
Persistent link: https://www.econbiz.de/10012705829
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 distribution as the demand shape parameter increases. We find that as the …
Persistent link: https://www.econbiz.de/10012838121
This paper investigates a decentralized assembly system that consists of one manufacturer and multiple suppliers who produce the complementary components. In a single selling season, the manufacturer initially sets a vendor inventory liability period (VILP) to control the suppliers' delivery...
Persistent link: https://www.econbiz.de/10012838190
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 …
Persistent link: https://www.econbiz.de/10012838197
is affected by the symmetric and asymmetric properties of the demand distribution. Finally, based on the Pareto …
Persistent link: https://www.econbiz.de/10012838900
exhibits zero patience for waiting if the demand is not satisfied immediately (a lost sale), while the demand of high …
Persistent link: https://www.econbiz.de/10012847050
We study a joint implementation of price- and availability-based product substitution to better match demand and … where the firm first sets prices and replenishment levels for each product while the demand is still uncertain, and after … observing the demand, decides how many (if any) of the customers to upgrade to a higher quality product. We characterize the …
Persistent link: https://www.econbiz.de/10012955358
In this paper we derive useful sufficiency optimality conditions for a class of optimal control problems subject to differential inclusions and involving non-differentiable functions. A production inventory problem is solved to illustrate our results
Persistent link: https://www.econbiz.de/10012906227