Production and Operations Management

Art of the Supply Chain Deal

A negotiation model developed at the University of Maryland’s Robert H. Smith School of Business shows how supply chain networks can improve efficiency when manufacturers have different valuations or willingness to pay for the same component parts.

Yi Xu, associate professor of operations management at Maryland Smith, and a co-author from the University of Texas at Arlington describe their findings in Production and Operations Management.

A Dynamic Pricing Model for Non-Clairvoyants

Setting prices for trendy items with limited sales history requires a certain amount of guesswork — unless you're clairvoyant. Then you can look into the future and anticipate demand. But for everyone else, professor Zhi-Long Chen at the University of Maryland's Robert H. Smith School of Business and two co-authors have developed a dynamic pricing model that allows retailers to "minimize maximum regret."

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