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One-warehouse multi-retailer systems under periodic review have been studied extensively in the literature. The optimal policy has not been characterized yet. It would require solving a multi-dimensional dynamic program, which is hard due to the curse of dimensionality. In order to let the dynamic program decompose, researchers often make the so-called(More)
In the past years, many articles have been written about NWOW, "the New Way of Working", in the Dutch business landscape. NWOW is based on several well-known underlying business concepts (e.g. teleworking and results driven management), which together can provide many benefits for employees and the knowledge intensive organization itself. At the same time,(More)
The efficient management of a distribution system requires coordination between transportation planning and inventory control. Small and frequent shipments can reduce inventory levels while maintaining high customer service levels, but they increase unit transportation costs due to inappropriate utilization of the vehicles and more handling costs. On the(More)
In this paper we consider Supply Chain Operations Planning (SCOP) in a rolling horizon context under demand uncertainty. Production plans are calculated using a linear programming model. While in most mathematical programming models for SCOP the lead time is considered to be equal to zero or equal to the minimum processing time, we consider planned lead(More)
We study the real option theoretic solution to vertical governance change in Bertrand duopoly competition under mean-reverting commodity component costs. We find that, even if component costs are low and decreasing, incurring high in-house component costs is warranted to decrease product substitutability and thereby soften price competition. As the(More)
In this paper we analyze stock allocation policies in general N-echelon distribution systems, where it is allowed to hold stock at all levels in the network. The goal is to achieve differentiated target customer service levels (fill rates). Various allocation rules and accompanying numerical methods that have already been developed for smaller networks are(More)
The world in which we work is changing. Information and communication technologies transform the work environment, providing the flexibility of when and where to work. The New Way of Working (NWOW) is a relatively new phenomenon that provides the context for these developments. It consists of three distinct pillars that are referred to as Bricks, Bytes and(More)
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