haku: @author Li, L. / yhteensä: 18
viite: 17 / 18
| Tekijä: | Li, L. |
| Otsikko: | The role of inventory in delivery-time competition. |
| Lehti: | Management Science
1992 : FEB, VOL. 38:2, p. 182-197 |
| Asiasana: | INVENTORY CONTROL PHYSICAL DISTRIBUTION MANAGEMENT MARKETING LOGISTICS |
| Kieli: | eng |
| Tiivistelmä: | The notion of shortage cost is operationalized by considering the behaviour of customers and competing firms. The role of inventory in response time competition is examined. A single-firm production-control model is used in which customers are characterized by their preferences of price, quality and delivery time. The optimal production/inventory policy and the optimal choice between make-to-order and make-to-stock operations are determined. The basic model is then extended to an n-firm market game. The analysis shows that competition and other factors such as economies of scale , uncertainty and seasonality can breed a demand for produce-to-stock operations increasing the buyer's while decreasing the producer's welfare. |
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