This paper considers a profit maximizing make-to-order manufacturer that offers multiple products to a market of price and delay sensitive users, using a model that captures three aspects of particular interest: first, the joint use of dynamic pricing and leadtime quotation controls to manage demand; second, the presence of a dual sourcing mode that can expedite orders at a cost; and third, the...

Follow this and additional works at: http://engagedscholarship.csuohio.edu/bus_facpub Part of the Business Administration, Management, and Operations Commons Publisher's Statement NOTICE: this is the author’s version of a work that was accepted for publication in European Journal of Operational Research. Changes resulting from the publishing process, such as peer review, editing, corrections, s...

Getting a precise and accurate understanding of the mechanism of quotation is broadly important to contemporary philosophy, impacting on numerous research areas, and it’s deeply important, being foundational to truth-theoretic semantics (Saka 1998, 1991). It is gratifying, therefore, to see an upsurge in quotation studies that includes at least nine doctoral dissertations in the past fifteen ye...

We present here some recent results in single product, capacitated production-inventory systems in discrete time. The key results are: (1) structure of optimal policy for single stage systems; (2) analyzing via a shortfall process; (3) using simulation to optimize; (4) an approximation using tail probabilities. We consider periodic demand, and multiple stages { serial, distribution and assembly...

Although there is a vast and growing amount of literature on supply chain coordination, the majority of this literature focuses on make-to-stock systems and performance measures built around service and inventory levels. On the other hand, an increasing number of supply chains are better characterized as make-to-order systems. Fast and on-time delivery is obviously critical for any firm that op...

Is it possible to support the engineering processes with intelligent product models when the knowledge and information work is very complex? This paper describes how IT-supported product configuration can support the complex engineering activities carried out in the quotation processes. The research has been carried out at the Centre for Industrialisation of Engineering at the Technical Univers...

Procurement, i.e., the process of obtaining materials or services and managing their inflow into organizations, is a critical process in supply chain management. Internet technologies offer attractive opportunities to reduce purchasing costs while increasing the speed and efficiency of the procurement process through seamless network integration and automated execution of key tasks. This paper ...

We develop a model for pricing, lead-time quotation and delay compensation in Markovian make-to-order production or service system with strategic customers who exhibit risk aversion. Based on concave utility function of their net benefit, make individual decisions to join the balk without observing state queue. The arriving result symmetric join/balk game. Regarding firm’s strategy, provider an...