Contrary to the long-standing view in the finance literature that firms should maximise payment delays, research in operations management suggests that long payment delays can be suboptimal. In this study, we reconcile these two views by applying a seconda ...
This paper is inspired by a risk management problem faced by a leading pharmaceutical company. Key operational risk mitigation measures include Risk Mitigation Inventory (RMI), Dual Sourcing and Agility Capacity. We study the relationship between these thr ...
We consider a portfolio of products in which each product probabilistically transitions through various life cycle stages. The evolution through these life cycle stages is impacted by both marketing support and product launch decisions, which are bound by ...
Concern related to sustainability and greenhouse gases has grown among citizens as well as firms, which are increasingly committing to carbon emission reduction targets. However, firms' emissions come from direct and indirect sources, and from the differen ...
This paper considers a firm that introduces multiple generations of a product to the market at regular intervals. We assume that the firm has only a single production generation in the market at any time. To maximize the total profit within a given plannin ...
The bullwhip effect denotes the phenomenon whereby demand variability is amplified from a downstream site (buyer) to an upstream site (supplier) in the supply chain. This paper contributes to the literature that empirically investigates the bullwhip effect ...
This paper studies the value of information on future price behaviour. We consider a one-period inventory modelling framework with random period length and two order opportunities. The selling price is determined dynamically and the demand is price-sensiti ...
