Advance Demand Information in a Multiproduct System

@article{Bernstein2015AdvanceDI,
  title={Advance Demand Information in a Multiproduct System},
  author={Fernando Bernstein and Gregory A. DeCroix},
  journal={Manufacturing & Service Operations Management},
  year={2015},
  volume={17},
  pages={52-65}
}
I this paper we examine the impact of different types of advance demand information on firm profit and on the benefits of resource flexibility. Specifically, we consider a firm that must choose capacities of resources that will be used to satisfy stochastic demand for multiple products, where demands follow a multivariate normal distribution. Prior to the capacity decision, the firm receives information revealing either the total volume of demand across products or the mix of demand between… CONTINUE READING

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