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Author: Julie LeAnne Swann
Publisher:
Published: 2001
Total Pages:
ISBN-13:
DOWNLOAD EBOOKIn 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: Hing Kai Chan
Publisher: Springer Science & Business Media
Published: 2012-05-01
Total Pages: 262
ISBN-13: 1447140338
DOWNLOAD EBOOKEffective 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: Ray Zhang
Publisher:
Published: 2016
Total Pages: 29
ISBN-13:
DOWNLOAD EBOOKThis 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: Baolong Liu
Publisher:
Published: 2018
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKThis 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: David F. Pyke
Publisher:
Published: 2007
Total Pages: 42
ISBN-13:
DOWNLOAD EBOOKRecent 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 both revenue effects, due to nonlinear market responses to prices and/or inventory, and cost effects, due to economies of scale in operations may drive price dynamics. The paper concludes with a discussion of directions for future research.
Author: Kaveh Sheibani
Publisher: Tadbir Institute for Operational Research, Systems Design, and Financial Services
Published: 2008-09-15
Total Pages: 346
ISBN-13: 9640420204
DOWNLOAD EBOOKThese 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: Kalyan T. Talluri
Publisher: Springer Science & Business Media
Published: 2006-02-21
Total Pages: 731
ISBN-13: 0387273913
DOWNLOAD EBOOKRevenue 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.
Author: T. C. Edwin Cheng
Publisher: Springer Science & Business Media
Published: 2010-03-11
Total Pages: 470
ISBN-13: 3642043135
DOWNLOAD EBOOKQuick Response (QR) policy is a market-driven business strategy in which supply chain members work together to react quickly to volatile market demand. Nowadays, with advances in information technologies (such as RFID and ERP systems), new challenges and opportunities arise for the application of QR. This handbook explores QR extensively with a view to discovering innovative QR measures that can help tackle the observed and emerging challenges. The book is organized into four parts, which include chapters on analytical modeling and analyses, information technologies, cases, reviews, and applications. This handbook provides new analytical and empirical results with valuable insights, which will not only help supply chain agents to better understand the latest applications of QR in business, but also help practitioners and researchers to know how to improve the effectiveness of QR using innovative methods.
Author: Adam Nabil Elmachtoub
Publisher:
Published: 2014
Total Pages: 172
ISBN-13:
DOWNLOAD EBOOKFirst, 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: Robert Penn Burrows
Publisher: AMACOM Div American Mgmt Assn
Published: 2012
Total Pages: 290
ISBN-13: 0814431631
DOWNLOAD EBOOKCustomer demands for individual attention and specialized products are transforming commerce at every stage-including the supply chain. Today's highstakes economy requires dynamic, market-savvy sales and operations planning (SOP) to keep pace with accelerating service demands and response times. It's not as daunting as it sounds with the tools, tips, and case studies in The Market-Driven Supply Chain. This practical yet expansive book helps organizations transition from outdated supply-driven processes to new market-driven models. Readers learn how to: * Use robust analytics for conducting value segmentations and simulation analyses * Develop a customer-centric culture and a collaborative organizational structure * Dynamically rebalance the inventory mix to improve capacity and reduce costs * Retool 26 management processes to achieve market-savvy SOP Unlike other books that focus on only supply chain strategies or SOP or lean manufacturing, this book's sophisticated approach unifies all three areas, and it's the only one to explain how to operate in today's on-demand environment.
