Now showing items 1-5 of 5
The Optimal Pace of Product Updates
Some firms (such as Intel and Medtronics) use a time–pacing strategy for new product development, introducing new generations at regular intervals. If the firm adopts a fast pace (introducing frequently) then it prematurely ...
Note: An Application of the EOQ Model with Nonlinear Holding Cost to Inventory Management of Perishables
We consider a variation of the economic order quantity (EOQ) model where cumulative holding cost is a nonlinear function of time. This problem has been studied by Weiss (1982), and we here show how it is an approximation ...
Finding the Value of Information About a State Variable in a Markov Decision Process
In this paper we present a mixed–integer programming formulation that computes the optimal solution for a certain class of Markov decision processes with finite state and action spaces, where a state is comprised of multiple ...
Supply Chain Coordination for False Failure Returns
False failure returns are products that are returned by consumers to retailers with no functional or cosmetic defect. The cost of a false failure return includes the processing actions of testing, refurbishing if necessary, ...
Time Value of Commercial Product Returns
Manufacturers and their distributors must cope with an increased flow of returned products from their customers. The value of commercial product returns, which we define as products returned for any reason within 90 days ...