Make-To-Order Vs; Make-To-Stock: The Role of Inventory in Delivery-Time Competition (Classic Reprint) - Softcover
Synopsis
Excerpt from Make-to-Order Vs; Make-to-Stock: The Role of Inventory in Delivery-Time Competition
The make-to-order versus make-to-inventory question is a fundamental one in organizing and controlling production, but the one that has been subject to relatively little formal modeling in either economics or operations management literatures. One exception is the recent paper by Milgrom and Roberts (1987) that uses a newsboy-type model to formalize the idea that inventories and information about demand are substitutes for one another in production. Their results suggest that firms should employ only one of the two strategies: firms either produce for inventory or produce to order, but not the both.
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Make-to-Order Vs; Make-to-Stock (Classic Reprint)
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Paperback. Condition: New. Print on Demand. This book explores the fundamental question of why businesses maintain inventory, delving into the economic and competitive forces that shape production and inventory policies. Through the development of stochastic models, the author demonstrates how customer behavior and rival firms influence a firm's decision between make-to-order and make-to-stock strategies. One of the key insights presented is that competition can induce inventory holding, akin to other economic factors such as economies of scale or uncertainty. Furthermore, the author argues that competition of this kind actually increases buyer welfare while decreasing producer welfare. By illuminating the interplay between inventory and factors like lead time and demand arrival uncertainty, this book sheds light on the complex dynamics of production and inventory management. Its analytical and numerical methods provide valuable tools for researchers and practitioners seeking a deeper understanding of these concepts. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781332268641_0
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MaketoOrder Vs MaketoStock The Role of Inventory in DeliveryTime Competition Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332268641
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MaketoOrder Vs MaketoStock The Role of Inventory in DeliveryTime Competition Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332268641
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Make-to-Order Vs; Make-to-Stock : The Role of Inventory in Delivery-Time Competition (Classic Reprint)
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Condition: Sehr gut. Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. Seller Inventory # 26075779/2