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| Author | : Julie LeAnne Swann |
| Publisher | : |
| Total Pages | : |
| Release | : 2001 |
| Genre | : |
| ISBN | : |
In this work, we focus on dynamic pricing in manufacturing, where prices and production values are determined jointly in a multi-period horizon with non-perishable inventory. We develop and analyze algorithms for various planning strategies and provide computational analysis to generate managerial insights.
| Author | : David Simchi-Levi |
| Publisher | : Taylor & Francis |
| Total Pages | : 840 |
| Release | : 2004-05-31 |
| Genre | : Business & Economics |
| ISBN | : 9781402079528 |
The Handbook is a comprehensive research reference that is essential for anyone interested in conducting research in supply chain. Unique features include: -A focus on the intersection of quantitative supply chain analysis and E-Business, -Unlike other edited volumes in the supply chain area, this is a handbook rather than a collection of research papers. Each chapter was written by one or more leading researchers in the area. These authors were invited on the basis of their scholarly expertise and unique insights in a particular sub-area, -As much attention is given to looking back as to looking forward. Most chapters discuss at length future research needs and research directions from both theoretical and practical perspectives, -Most chapters describe in detail the quantitative models used for analysis and the theoretical underpinnings; many examples and case studies are provided to demonstrate how the models and the theoretical insights are relevant to real situations, -Coverage of most state-of-the-art business practices in supply chain management.
| Author | : Ray Zhang |
| Publisher | : |
| Total Pages | : 29 |
| Release | : 2016 |
| Genre | : |
| ISBN | : |
This paper studies the setting in which a one-of-a-kind production (OKP) firm offers two types of orders (due-date guaranteed and due-date unguaranteed) at different prices to the sequentially arriving customers, who are also OKP production firms. The prices for two types of orders are quoted to each customer on its arrival. We study two problems in this setting. First, we model a dynamic pricing strategy (DPS) and compare our DPS with a constant pricing strategy (CPS). Through a numerical test, we show that both the firm and its customers are better off when our DPS is employed, so that the DPS improves overall performance of the supply chain. Through an industry case, a custom window production firm, we show how to apply the proposed DPS when products are complex. We also develop a method to adaptively estimate the firm's available capacity, the number of future arrivals and the distributions of the customers' willingness to pay and impatience factor. The simulation result shows that, when multiple distribution parameters are unknown, the proposed parameter estimating method results in estimates close to the true values.
| Author | : Moritz Fleischmann |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2013 |
| Genre | : |
| ISBN | : |
Recent years have seen advances in research and management practice in the area of pricing, and particularly in dynamic pricing and revenue management. At the same time, researchers and managers have made dramatic improvements in operations and supply chain management. The interactions between pricing and operations/supply chain performance, however, are not as well understood. In this paper, we examine this linkage by developing a deterministic, finite-horizon dynamic programming model that captures a price/demand effect as well as a stockpiling/consumption effect - price and market stockpile influence demand, demand influences consumption, and consumption influences the market stockpile. The decision variable is the unit sales price in each period. Through the market stockpile, pricing decisions in a given period explicitly depend on decisions in prior periods. Traditional operations models typically assume exogenous demand, thereby ignoring some of the market dynamics. Herein, we model endogenous demand, and we develop analytical insights into the nature of optimal prices and promotions. We develop conditions under which the optimal prices converge to a constant. In other words, price promotion is suboptimal. We also analytically and numerically illustrate cases where the optimal prices vary over time. In particular, we show that price dynamics may be driven by both (a) revenue effects, due to nonlinear market responses to prices and/or inventory, and (b) cost effects, due to economies of scale in operations. The paper concludes with a discussion of directions for future research.
| Author | : Hing Kai Chan |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 262 |
| Release | : 2012-05-01 |
| Genre | : Technology & Engineering |
| ISBN | : 1447140338 |
Effective supply chain integration, and the tight co-ordination it creates, is an essential pre-requisite for successful supply chain management. Decision-Making for Supply Chain Integration is a practical reference on recent research in the area of supply chain integration focusing on distributed decision-making problems. Recent applications of various decision-making tools for integrating supply chains are covered including chapters focusing on: Supplier selection, pricing strategy and inventory decisions in multi-level supply chains, RFID-enabled distributed decision-making, Operational risk issues and time-critical decision-making for sensitive logistics nodes, Modelling end to end processes to improve supply chain integration, and Integrated systems to improve service delivery and optimize resource use. Decision-Making for Supply Chain Integration provides an insight into the tools and methodologies of this field with support from real-life case studies demonstrating successful application of various decision-making techniques. By covering such a range of topics in this way, Decision-Making for Supply Chain Integration is a useful reference for researchers looking to develop their knowledge or find potential new avenues of research.
| Author | : Baolong Liu |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2018 |
| Genre | : |
| ISBN | : |
This thesis articulates several important issues in sustainable operations and supply chain management not only to provide insights for enhancing the performance of firms but also to appeal to the enterprises to adopt appropriate means for a better environment of our society. The link from firm level to society level is that, to improve the green performance through better operations management efficiency in firms and supply chains, is an indispensable element to ameliorate the environment in our society. Taking China as an example. Since a few years ago (The Straitstimes, 2017; Stanway & Perry, 2018), the government started to spare no effort in resolving the air pollution problems. An important and useful means is to put strict regulations and monitoring the efforts of firms which will face serious fine if certain standards are not met by random inspection. Therefore, firms have to cooperate for the betterment of its profitability and, more importantly, the environmental impacts. Throughout the endeavor, despite the uncertain future situation, the air quality has gradually improved in China (Zheng, 2018). This thesis, in a more general setting, aims to provide important insights to firms so that they are not only able to meet the regulations but genuinely to make contributions to building a better environment for our future generations. Basically, our goal is to obtain deep understanding of the trade-offs with which companies are faced, and to model the problems for seeking possible solutions and helping firms/supply chains to enhance their performance from a theoretical point of view. Then, indirectly, the work will help firms to realize the importance of developing sustainable operations and supply chain management means on our society. The structure of the thesis is organized as follows. Chapter 2 introduces the thesis in French. Chapter 3 is the first essay, Environmental Collaboration and Process Innovation in Supply Chain Management with Coordination. Chapter 4 includes the contents of the second essay, Remanufacturing of Multi-Component Systems with Product Substitution , and the third essay, Joint Dynamic Pricing and Return Quality Strategies Under Demand Cannibalization, is introduced in Chapter 5. Chapter 6 gives the general concluding remarks of the three essays which is followed by the reference list and the appendices.
| Author | : Kaveh Sheibani |
| Publisher | : Tadbir Institute for Operational Research, Systems Design, and Financial Services |
| Total Pages | : 346 |
| Release | : 2008-09-15 |
| Genre | : Business & Economics |
| ISBN | : 9640420204 |
These proceedings gather contributions presented at the 1st International Conference on Applied Operational Research (ICAOR 2008) in Yerevan, Armenia, September 15-17, 2008, published in the series Lecture Notes in Management Science (LNMS). The conference covers all aspects of Operational Research and Management Science (OR/MS) with a particular emphasis on applications.
| Author | : Sridhar Tayur |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 851 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 1461549493 |
Quantitative models and computer-based tools are essential for making decisions in today's business environment. These tools are of particular importance in the rapidly growing area of supply chain management. This volume is a unified effort to provide a systematic summary of the large variety of new issues being considered, the new set of models being developed, the new techniques for analysis, and the computational methods that have become available recently. The volume's objective is to provide a self-contained, sophisticated research summary - a snapshot at this point of time - in the area of Quantitative Models for Supply Chain Management. While there are some multi-disciplinary aspects of supply chain management not covered here, the Editors and their contributors have captured many important developments in this rapidly expanding field. The 26 chapters can be divided into six categories. Basic Concepts and Technical Material (Chapters 1-6). The chapters in this category focus on introducing basic concepts, providing mathematical background and validating algorithmic tools to solve operational problems in supply chains. Supply Contracts (Chapters 7-10). In this category, the primary focus is on design and evaluation of supply contracts between independent agents in the supply chain. Value of Information (Chapters 11-13). The chapters in this category explicitly model the effect of information on decision-making and on supply chain performance. Managing Product Variety (Chapters 16-19). The chapters in this category analyze the effects of product variety and the different strategies to manage it. International Operations (Chapters 20-22). The three chapters in this category provide an overview of research in the emerging area of International Operations. Conceptual Issues and New Challenges (Chapters 23-27). These chapters outline a variety of frameworks that can be explored and used in future research efforts. This volume can serve as a graduate text, as a reference for researchers and as a guide for further development of this field.
| Author | : Adam Nabil Elmachtoub |
| Publisher | : |
| Total Pages | : 172 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
First, we describe a general framework called online customer selection that describes natural settings where suppliers must actively select which customer requests to serve. Unlike traditional revenue management models that have sunk costs, we assume there are supply chain costs that depend on the demand being served. Specifically, customers arrive in an online manner, each with a set of requirements and associated revenue, and are either accepted or rejected upon arrival. Rejected customers incur a lost-sales cost, while accepted customers are satisfied with minimum possible production cost. The goal of the supplier is to minimize the total cost of lost sales and production. We provide algorithms with strong performance guarantees that are based on new variants of repeated optimization as well as concepts from mechanism design. Second, we study the use of opaque products in a retail setting. A product is said to be opaque when one or more of its attributes are hidden until the transaction is complete. Opaque products have been used in the hotel and airline industry where customers purchase rooms or airfare without a priori knowledge of the brand name. In this work, we propose the use of opaque product selling in the retail industry, where there are nonperishable goods and supply chain costs. We show that a small amount of opaque selling can achieve significant ordering and holding costs savings for the supply chain. Moreover, we describe settings when a stationary opaque selling strategy can outperform a common dynamic pricing strategy. Third, we focus on a variant of the joint replenishment problem, which arises in the previous two parts as well as in inventory management, logistics, and maintenance scheduling. In this problem, there are multiple item types that each has a given time-dependent sequence of demands that need to satisfied. Every time an order of item types is placed, there is an associated fixed setup cost that is submodular in the subset of item types ordered. The overall goal is to minimize the total fixed ordering costs plus inventory holding costs. We provide a variety of approximation algorithms for this problem and some special cases.
| Author | : Kalyan T. Talluri |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 731 |
| Release | : 2006-02-21 |
| Genre | : Business & Economics |
| ISBN | : 0387273913 |
Revenue management (RM) has emerged as one of the most important new business practices in recent times. This book is the first comprehensive reference book to be published in the field of RM. It unifies the field, drawing from industry sources as well as relevant research from disparate disciplines, as well as documenting industry practices and implementation details. Successful hardcover version published in April 2004.
