188,022 research outputs found
A production inventory model with exponential demand rate and reverse logistics
The objective of this paper is to develop an integrated production inventory model for reworkable items with exponential demand rate. This is a three-layer supply chain model with perspectives of supplier, producer and retailer. Supplier delivers raw material to the producer and finished goods to the retailer. We consider perfect and imperfect quality products, product reliability and reworking of imperfect items. After screening, defective items reworked at a cost just after the regular manufacturing schedule. At the beginning, the manufacturing system starts produce perfect items, after some time the manufacturing system can undergo into âout-of-controlâ situation from âin-controlâ situation, which is controlled by reverse logistic technique. This paper deliberates the effects of business strategies like optimum order size of raw material, exponential demand rate, production rate is demand dependent, idle times and reverse logistics for an integrated marketing system. Mathematica is used to develop the optimal solution of production rate and raw material order for maximum expected average profit. A numerical example and sensitivity analysis is illustrated to validate the model
Managing Quality under Heterogeneous Consumer Demand and Product Quality, October 2005
Based on accepted advances in the marketing, economics, consumer behavior, and
satisfaction literatures, we develop a micro-foundations model of a firm that needs to
manage the quality of a product that is inherently heterogeneous in the presence of
varying customer tastes or expectations for quality. Our model blends elements of the
returns to quality, customer lifetime value, and service profit chain approaches to
marketing. The model is then used to explain several empirical results pertaining to the
marketing literature by explicitly articulating the trade-offs between customer satisfaction and costs (including opportunity costs) of quality. In this environment firms will find it optimal to allow some customers to go unsatisfied. We show that the relationship between the expected number of repeated purchases by an individual customer is endogenous to the choice of quality by the firm, indicating that the number of purchases cannot be chosen freely to estimate a customerâs lifetime value
Organic Agriculture in Saudi Arabia - Sector Study 2012
This publication compiles the facts and figures of the organic sector in Saudi Arabia. It is a valuable resource for local stakeholders and interested trading companies. The publication is resulting from a collaboration between GIZ (Deutsche Gesellschaft fĂŒr Internationale Zusammenarbeit) and FiBL together with its partners of the Saudi Ministry of Agriculture and Saudi Organic Farming Association (SOFA)
The theory of international business: the role of economic models
This paper reviews the scope for economic modelling in international business studies. It argues for multi-level theory based on classic internalisation theory. It present a systems approach that encompasses both firm-level and industry-level analysis
Finding Optimal Strategies in a Multi-Period Multi-Leader-Follower Stackelberg Game Using an Evolutionary Algorithm
Stackelberg games are a classic example of bilevel optimization problems,
which are often encountered in game theory and economics. These are complex
problems with a hierarchical structure, where one optimization task is nested
within the other. Despite a number of studies on handling bilevel optimization
problems, these problems still remain a challenging territory, and existing
methodologies are able to handle only simple problems with few variables under
assumptions of continuity and differentiability. In this paper, we consider a
special case of a multi-period multi-leader-follower Stackelberg competition
model with non-linear cost and demand functions and discrete production
variables. The model has potential applications, for instance in aircraft
manufacturing industry, which is an oligopoly where a few giant firms enjoy a
tremendous commitment power over the other smaller players. We solve cases with
different number of leaders and followers, and show how the entrance or exit of
a player affects the profits of the other players. In the presence of various
model complexities, we use a computationally intensive nested evolutionary
strategy to find an optimal solution for the model. The strategy is evaluated
on a test-suite of bilevel problems, and it has been shown that the method is
successful in handling difficult bilevel problems.Comment: To be published in Computers and Operations Researc
Organizing the innovation process : complementarities in innovation networking
This paper contributes to the developing literature on complementarities in organizational design. We test for the existence of complementarities in the use of external networking between stages of the innovation process in a sample of UK and German manufacturing plants. Our evidence suggests some differences between the UK and Germany in terms of the optimal combination of innovation activities in which to implement external networking. Broadly, there is more evidence of complementarities in the case of Germany, with the exception of the product engineering stage. By contrast, the UK exhibits generally strong evidence of substitutability in external networking in different stages, except between the identification of new products and product design and development stages. These findings suggest that previous studies indicating strong complementarity between internal and external knowledge sources have provided only part of the picture of the strategic dilemmas facing firms
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