메뉴 건너뛰기




Volumn 58, Issue 4 PART 1, 2010, Pages 834-848

The value of flexibility in make-to-order systems: The effect of demand correlation

Author keywords

Assemble to order; Component commonality; Demand correlation; Flexibility; Inventory production; Pricing; Spot market

Indexed keywords

ASSEMBLE-TO-ORDER; COMPONENT COMMONALITY; DEMAND CORRELATION; FLEXIBILITY; INVENTORY/PRODUCTION; PRICING; SPOT MARKET;

EID: 77955884038     PISSN: 0030364X     EISSN: 15265463     Source Type: Journal    
DOI: 10.1287/opre.1090.0783     Document Type: Article
Times cited : (16)

References (58)
  • 1
    • 33847274576 scopus 로고    scopus 로고
    • The strategic perils of delayed differentiation
    • Anand, K. S., K. Girotra. 2007. The strategic perils of delayed differentiation. Management Sci. 53(5) 697-712.
    • (2007) Management Sci. , vol.53 , Issue.5 , pp. 697-712
    • Anand, K.S.1    Girotra, K.2
  • 2
    • 0031353006 scopus 로고    scopus 로고
    • Information and organization for horizontal multimarket coordination
    • Anand, K. S., H. Mendelson. 1997. Information and organization for horizontal multimarket coordination. Management Sci. 43(12) 1609-1627.
    • (1997) Management Sci. , vol.43 , Issue.12 , pp. 1609-1627
    • Anand, K.S.1    Mendelson, H.2
  • 3
    • 34247539443 scopus 로고    scopus 로고
    • Capacity and inventory management in the presence of a long-term channel and a spot market
    • Stanford, CA
    • Araman, V., Ö. Özer. 2005. Capacity and inventory management in the presence of a long-term channel and a spot market. Working paper, Stanford University, Stanford, CA.
    • (2005) Working Paper, Stanford University
    • Araman, V.1    Özer, Ö.2
  • 4
    • 0034750213 scopus 로고    scopus 로고
    • Design for postponement: A comprehensive characterization of its benefits under unknown demand distributions
    • Aviv, Y., A. Federgruen. 2001. Design for postponement: A comprehensive characterization of its benefits under unknown demand distributions. Oper. Res. 49(4) 578-598.
    • (2001) Oper. Res. , vol.49 , Issue.4 , pp. 578-598
    • Aviv, Y.1    Federgruen, A.2
  • 5
    • 0001437192 scopus 로고
    • The effect of commonality on safety stock in a simple inventory model
    • Baker, K. C., M. J. Magazine, H. L. Nuttle. 1986. The effect of commonality on safety stock in a simple inventory model. Management Sci. 32(8) 982-988.
    • (1986) Management Sci. , vol.32 , Issue.8 , pp. 982-988
    • Baker, K.C.1    Magazine, M.J.2    Nuttle, H.L.3
  • 6
    • 19844381063 scopus 로고    scopus 로고
    • A real options perspective on supply chain management in high technology
    • Billington, C., B. Johnson, A. Triantis. 2002. A real options perspective on supply chain management in high technology. J. Appl. Corporate Finance 15(2) 32-43.
    • (2002) J. Appl. Corporate Finance , vol.15 , Issue.2 , pp. 32-43
    • Billington, C.1    Johnson, B.2    Triantis, A.3
  • 7
    • 12344303525 scopus 로고    scopus 로고
    • Optimal investment strategies for flexible resources, considering pricing and correlated demands
    • Bish, E. K., Q. Wang. 2004. Optimal investment strategies for flexible resources, considering pricing and correlated demands. Oper. Res. 52(6) 954-964.
    • (2004) Oper. Res. , vol.52 , Issue.6 , pp. 954-964
    • Bish, E.K.1    Wang, Q.2
  • 8
    • 46849086176 scopus 로고    scopus 로고
    • Implementation of the newsvendor model with clearance pricing: How to (and how not to) estimate a salvage value
    • Cachon. G. P., A. G. Kök. 2007. Implementation of the newsvendor model with clearance pricing: How to (and how not to) estimate a salvage value. Manufacturing Service Oper. Management 9(3) 276-290.
    • (2007) Manufacturing Service Oper. Management , vol.9 , Issue.3 , pp. 276-290
    • Cachon., G.P.1    Kök, A.G.2
  • 9
    • 19844381836 scopus 로고    scopus 로고
    • HP buyers get hands on design
    • Jul 19
    • Carbone, J. 2001. HP buyers get hands on design. Purchasing (Jul 19)
    • (2001) Purchasing
    • Carbone, J.1
  • 11
    • 25144465475 scopus 로고    scopus 로고
    • Resource flexibility with responsive pricing
    • Chod, J., N. Rudi. 2005. Resource flexibility with responsive pricing. Oper. Res. 53(3) 532-548.
    • (2005) Oper. Res. , vol.53 , Issue.3 , pp. 532-548
    • Chod, J.1    Rudi, N.2
  • 12
    • 21144477609 scopus 로고
    • Demand signaling and screening in channels of distribution
    • Chu, W. 1992. Demand signaling and screening in channels of distribution. Marketing Sci. 11(4) 327-347.
    • (1992) Marketing Sci. , vol.11 , Issue.4 , pp. 327-347
    • Chu, W.1
  • 13
    • 0020207726 scopus 로고
    • Aggregate safety stocks and component part commonality
    • Collier, D. A. 1982. Aggregate safety stocks and component part commonality. Management Sci. 28(11) 1296-1303.
    • (1982) Management Sci. , vol.28 , Issue.11 , pp. 1296-1303
    • Collier, D.A.1
  • 14
    • 0011426049 scopus 로고    scopus 로고
    • Demand uncertainty and price maintenance: Markdowns as destructive competition
    • Deneckere, R., H. Marvel, J. Peck. 1997. Demand uncertainty and price maintenance: Markdowns as destructive competition. Amer. Econom. Rev. 87(4) 619-641.
    • (1997) Amer. Econom. Rev. , vol.87 , Issue.4 , pp. 619-641
    • Deneckere, R.1    Marvel, H.2    Peck, J.3
  • 15
    • 33847029622 scopus 로고    scopus 로고
    • The role of production lead time and demand uncertainty in marketing durable goods
    • Desai, P. S., O. Koenigsberg, D. Purohit. 2007. The role of production lead time and demand uncertainty in marketing durable goods. Management Sci. 53(1) 150-158.
    • (2007) Management Sci. , vol.53 , Issue.1 , pp. 150-158
    • Desai, P.S.1    Koenigsberg, O.2    Purohit, D.3
  • 16
    • 0018480696 scopus 로고
    • Design of common components considering implications of inventory costs and forecasting
    • Dogramaci, A. 1979. Design of common components considering implications of inventory costs and forecasting. AIIE Trans. 11(2) 129-135.
    • (1979) AIIE Trans. , vol.11 , Issue.2 , pp. 129-135
    • Dogramaci, A.1
  • 17
    • 30544438739 scopus 로고    scopus 로고
    • Markets for surplus components with a strategic supplier
    • Dong, L., E. Durbin. 2005. Markets for surplus components with a strategic supplier. Naval Res. Logist. 52(8) 734-753.
    • (2005) Naval Res. Logist. , vol.52 , Issue.8 , pp. 734-753
    • Dong, L.1    Durbin, E.2
  • 18
    • 0000832726 scopus 로고
    • Effects of centralization on expected costs in a multilocation newsboy problem
    • Eppen, G. 1979. Effects of centralization on expected costs in a multilocation newsboy problem. Management Sci. 25(5) 498-501.
    • (1979) Management Sci. , vol.25 , Issue.5 , pp. 498-501
    • Eppen, G.1
  • 19
    • 0002507193 scopus 로고
    • Centralized ordering policies in a multiwarehouse system with leadtimes and random demands
    • L. B. Schwarz, ed. North-Holland, Amsterdam
    • Eppen, G., L. Schrage. 1981. Centralized ordering policies in a multiwarehouse system with leadtimes and random demands. L. B. Schwarz, ed. Multi-Level Production/Inventory Control Systems: Theory and Practice. North-Holland, Amsterdam, 51-69.
    • (1981) Multi-Level Production/Inventory Control Systems: Theory and Practice , pp. 51-69
    • Eppen, G.1    Schrage, L.2
  • 20
    • 0001589592 scopus 로고
    • Equilibrium incentives in oligopoly
    • Fershtman, C., K. L. Judd. 1987. Equilibrium incentives in oligopoly. Amer. Econom. Rev. 77(5) 927-940.
    • (1987) Amer. Econom. Rev. , vol.77 , Issue.5 , pp. 927-940
    • Fershtman, C.1    Judd, K.L.2
  • 21
    • 0001599465 scopus 로고
    • Optimal investment in product-flexible manufacturing capacity
    • Fine, C. H., R. M. Freund. 1990. Optimal investment in product-flexible manufacturing capacity. Management Sci. 36(4) 449-467.
    • (1990) Management Sci. , vol.36 , Issue.4 , pp. 449-467
    • Fine, C.H.1    Freund, R.M.2
  • 22
    • 0024029675 scopus 로고
    • Component commonality with service level requirements
    • Gerchak, Y., M. J. Magazine, A. B. Gamble. 1988. Component commonality with service level requirements. Management Sci. 34(6) 753-760.
    • (1988) Management Sci. , vol.34 , Issue.6 , pp. 753-760
    • Gerchak, Y.1    Magazine, M.J.2    Gamble, A.B.3
  • 23
    • 33847312771 scopus 로고    scopus 로고
    • Strategic technology choice and capacity investment under demand uncertainty
    • Goyal, M., S. Netessine. 2007. Strategic technology choice and capacity investment under demand uncertainty. Management Sci. 53(2) 192-207.
    • (2007) Management Sci. , vol.53 , Issue.2 , pp. 192-207
    • Goyal, M.1    Netessine, S.2
  • 24
    • 41549123999 scopus 로고    scopus 로고
    • Price and order postponement in a decentralized newsvendor model with multiplicative and price-dependent demand
    • Granot, D., S. Yin. 2008. Price and order postponement in a decentralized newsvendor model with multiplicative and price-dependent demand. Oper. Res. 56(1) 121-139.
    • (2008) Oper. Res. , vol.56 , Issue.1 , pp. 121-139
    • Granot, D.1    Yin, S.2
  • 25
    • 5644238473 scopus 로고    scopus 로고
    • Product design for component commonality and the effect of demand correlation
    • Rochester, NY
    • Groenevelt, H., N. Rudi. 2000. Product design for component commonality and the effect of demand correlation. Working paper, University of Rochester, Rochester, NY.
    • (2000) Working Paper, University of Rochester
    • Groenevelt, H.1    Rudi, N.2
  • 26
    • 30744447232 scopus 로고    scopus 로고
    • Hewlett- Packard Company unlocks the value potential from time-sensitive returns
    • Guide, V. D. R., L. Muyldermans, L. N. Van Wassenhove. 2005. Hewlett- Packard Company unlocks the value potential from time-sensitive returns. Interfaces 35(4) 281-293.
    • (2005) Interfaces , vol.35 , Issue.4 , pp. 281-293
    • Guide, V.D.R.1    Muyldermans, L.2    Van Wassenhove, L.N.3
  • 27
    • 0007952438 scopus 로고
    • A forecasting method for management of seasonal stylegoods inventories
    • Hertz, D. B., K. H. Schaffir. 1960. A forecasting method for management of seasonal stylegoods inventories. Oper. Res. 8(1) 45-52.
    • (1960) Oper. Res. , vol.8 , Issue.1 , pp. 45-52
    • Hertz, D.B.1    Schaffir, K.H.2
  • 28
    • 25444529483 scopus 로고    scopus 로고
    • Product line selection and pricing with modularity in design
    • Hopp, W. J., X. Xu. 2005. Product line selection and pricing with modularity in design. Manufacturing Service Oper. Managememt 7(3) 172-187.
    • (2005) Manufacturing Service Oper. Managememt , vol.7 , Issue.3 , pp. 172-187
    • Hopp, W.J.1    Xu, X.2
  • 29
    • 0242537723 scopus 로고    scopus 로고
    • Integrating long- and short-term contracting via business-to-business exchanges for capital-intensive industries
    • Kleindorfer, P. R., D. J. Wu. 2003. Integrating long- and short-term contracting via business-to-business exchanges for capital-intensive industries. Management Sci. 49(11) 1597-1615.
    • (2003) Management Sci. , vol.49 , Issue.11 , pp. 1597-1615
    • Kleindorfer, P.R.D.1    Wu, J.2
  • 30
    • 0029780182 scopus 로고    scopus 로고
    • Forecasting and inventory management of short life-cycle products
    • Kurawarwala, A. A., H. Matsuo. 1996. Forecasting and inventory management of short life-cycle products. Oper. Res. 44(1) 131-150.
    • (1996) Oper. Res. , vol.44 , Issue.1 , pp. 131-150
    • Kurawarwala, A.A.1    Matsuo, H.2
  • 31
    • 0000935380 scopus 로고    scopus 로고
    • Effective inventory and service management through product and process redesign
    • Lee, H. L. 1996. Effective inventory and service management through product and process redesign. Oper. Res. 44(1) 151-159.
    • (1996) Oper. Res. , vol.44 , Issue.1 , pp. 151-159
    • Lee, H.L.1
  • 32
    • 0030734685 scopus 로고    scopus 로고
    • Modelling the costs and benefits of delayed product differentiation
    • Lee, H. L., C. S. Tang. 1997. Modelling the costs and benefits of delayed product differentiation. Management Sci. 43(1) 40-53.
    • (1997) Management Sci. , vol.43 , Issue.1 , pp. 40-53
    • Lee, H.L.1    Tang, C.S.2
  • 33
    • 0036602038 scopus 로고    scopus 로고
    • The impact of the secondary market on the supply chain
    • Lee, H. L., S. Whang. 2002. The impact of the secondary market on the supply chain. Management Sci. 48(6) 719-731.
    • (2002) Management Sci. , vol.48 , Issue.6 , pp. 719-731
    • Lee, H.L.1    Whang, S.2
  • 34
    • 0000626314 scopus 로고
    • Theory of the firm facing uncertain demand
    • Leland, H. E. 1972. Theory of the firm facing uncertain demand. Amer. Econom. Rev. 62(3) 278-291.
    • (1972) Amer. Econom. Rev. , vol.62 , Issue.3 , pp. 278-291
    • Leland, H.E.1
  • 35
    • 0007848059 scopus 로고
    • The ranking of behavioral modes of the firm facing uncertain demand
    • Lim, C. 1980. The ranking of behavioral modes of the firm facing uncertain demand. Amer. Econom. Rev. 70(1) 217-224.
    • (1980) Amer. Econom. Rev. , vol.70 , Issue.1 , pp. 217-224
    • Lim, C.1
  • 36
    • 14644436351 scopus 로고    scopus 로고
    • Order-based cost optimization in assemble-toorder systems
    • Lu, Y., J.-S. Song. 2005. Order-based cost optimization in assemble-toorder systems. Oper. Res. 53(1) 151-169.
    • (2005) Oper. Res. , vol.53 , Issue.1 , pp. 151-169
    • Lu, Y.1    Song, J.-S.2
  • 37
    • 38549159037 scopus 로고    scopus 로고
    • Strategic spot trading in supply chains
    • Mendelson, H., T. I. Tunca. 2007. Strategic spot trading in supply chains. Management Sci. 53(5) 742-759.
    • (2007) Management Sci. , vol.53 , Issue.5 , pp. 742-759
    • Mendelson, H.1    Tunca, T.I.2
  • 38
    • 61449139253 scopus 로고    scopus 로고
    • Inventory, speculation, and sourcing strategies in the presence of online exchanges
    • Milner, J. M., P. Kouvelis. 2007. Inventory, speculation, and sourcing strategies in the presence of online exchanges. Manufacturing Service Oper. Managememt 9(3) 312-331.
    • (2007) Manufacturing Service Oper. Managememt , vol.9 , Issue.3 , pp. 312-331
    • Milner, J.M.1    Kouvelis, P.2
  • 40
    • 0037871964 scopus 로고    scopus 로고
    • Replenishment strategies for distribution systems under advance demand information
    • Özer, Ö. 2003. Replenishment strategies for distribution systems under advance demand information. Management Sci. 49(3) 255-272.
    • (2003) Management Sci. , vol.49 , Issue.3 , pp. 255-272
    • Özer, Ö.1
  • 41
    • 0031287763 scopus 로고    scopus 로고
    • Manufacturer's returns policies and retail competition
    • Padmanabhan, V., I. P. L. Png. 1997. Manufacturer's returns policies and retail competition. Marketing Sci. 16(1) 81-94.
    • (1997) Marketing Sci. , vol.16 , Issue.1 , pp. 81-94
    • Padmanabhan, V.1    Png, I.P.L.2
  • 42
    • 13844276824 scopus 로고    scopus 로고
    • Sell the plant? the impact of contract manufacturing on innovation, capacity, and profitability
    • Plambeck, E. L., T. A. Taylor. 2005. Sell the plant? The impact of contract manufacturing on innovation, capacity, and profitability. Management Sci. 51(1) 133-150.
    • (2005) Management Sci. , vol.51 , Issue.1 , pp. 133-150
    • Plambeck, E.L.1    Taylor, T.A.2
  • 43
    • 33748438981 scopus 로고    scopus 로고
    • Optimal control of a high-volume assemble-to-order system
    • Plambeck, E. L., A. R. Ward. 2006. Optimal control of a high-volume assemble-to-order system. Math. Oper. Res. 31 453-477.
    • (2006) Math. Oper. Res. , vol.31 , pp. 453-477
    • Plambeck, E.L.1    Ward, A.R.2
  • 44
    • 38549167551 scopus 로고    scopus 로고
    • Note: A separation principle for a class of assemble-to-order systems with expediting
    • Plambeck, E. L., A. R. Ward. 2007. Note: A separation principle for a class of assemble-to-order systems with expediting. Oper. Res. 55(3) 603-609.
    • (2007) Oper. Res. , vol.55 , Issue.3 , pp. 603-609
    • Plambeck, E.L.1    Ward, A.R.2
  • 45
    • 52049095931 scopus 로고    scopus 로고
    • Optimal control of a high-volume assemble-to-order system with maximum leadtime quotation and expediting
    • Plambeck, E. L., A. R. Ward. 2008. Optimal control of a high-volume assemble-to-order system with maximum leadtime quotation and expediting. Queueing Systems 60(1-2) 1-69.
    • (2008) Queueing Systems , vol.60 , Issue.1-2 , pp. 1-69
    • Plambeck, E.L.1    Ward, A.R.2
  • 46
    • 77955910900 scopus 로고    scopus 로고
    • HP posts 3Q profit jump; Faces stiff competition
    • August 21.
    • Robertson, J. 2008. HP posts 3Q profit jump; faces stiff competition. International Business Times, August 21. http://www.ibtimes.co.in/ articles/20080820/profit-share.htm.
    • (2008) International Business Times
    • Robertson, J.1
  • 47
    • 0033450711 scopus 로고    scopus 로고
    • Modular architectures in the marketing process
    • Sanchez, R. 1999. Modular architectures in the marketing process. J. Marketing 63(4) 92-111.
    • (1999) J. Marketing , vol.63 , Issue.4 , pp. 92-111
    • Sanchez, R.1
  • 48
    • 0036758161 scopus 로고    scopus 로고
    • Performance analysis and optimization of assemble-to-order systems with random lead times
    • Song, J.-S., D. D. Yao. 2002. Performance analysis and optimization of assemble-to-order systems with random lead times. Oper. Res. 50(5) 889-903.
    • (2002) Oper. Res. , vol.50 , Issue.5 , pp. 889-903
    • Song, J.-S.1    Yao, D.D.2
  • 51
    • 0032292446 scopus 로고    scopus 로고
    • Managing broader product lines through delayed differentiation using vanilla boxes
    • Swaminathan, J. M., S. R. Tayur. 1998. Managing broader product lines through delayed differentiation using vanilla boxes. Management Sci. 44(12) S161-S172.
    • (1998) Management Sci. , vol.44 , Issue.12
    • Swaminathan, J.M.1    Tayur, S.R.2
  • 52
    • 0033716277 scopus 로고    scopus 로고
    • Optimal commonality in component design
    • Thonemann, U. W., M. L. Brandeau. 2000. Optimal commonality in component design. Oper. Res. 48(1) 1-19.
    • (2000) Oper. Res. , vol.48 , Issue.1 , pp. 1-19
    • Thonemann, U.W.1    Brandeau, M.L.2
  • 54
    • 0032136536 scopus 로고    scopus 로고
    • Investment strategies for flexible resources
    • Van Mieghem, J. A. 1998. Investment strategies for flexible resources. Management Sci. 44(8) 1071-1078.
    • (1998) Management Sci. , vol.44 , Issue.8 , pp. 1071-1078
    • Van Mieghem, J.A.1
  • 55
    • 1842631843 scopus 로고    scopus 로고
    • Commonality strategies: Value drivers and equivalence with flexible capacity and inventory substitution
    • Van Mieghem, J. A. 2004. Commonality strategies: Value drivers and equivalence with flexible capacity and inventory substitution. Management Sci. 50(3) 419-424.
    • (2004) Management Sci. , vol.50 , Issue.3 , pp. 419-424
    • Van Mieghem, J.A.1
  • 56
    • 0033332239 scopus 로고    scopus 로고
    • Price versus production postponement: Capacity and competition
    • Van Mieghem, J. A., M. Dada. 1999. Price versus production postponement: Capacity and competition. Management Sci. 45(12) 1631-1649.
    • (1999) Management Sci. , vol.45 , Issue.12 , pp. 1631-1649
    • Van Mieghem, J.A.1    Dada, M.2
  • 57
    • 0036768955 scopus 로고    scopus 로고
    • Newsvendor networks: Dynamic inventory management and capacity investment with discretionary pooling
    • Van Mieghem, J. A., N. Rudi. 2002. Newsvendor networks: Dynamic inventory management and capacity investment with discretionary pooling. Manufacturing Service Oper. Management 4(4) 313-335.
    • (2002) Manufacturing Service Oper. Management , vol.4 , Issue.4 , pp. 313-335
    • Van Mieghem, J.A.1    Rudi, N.2
  • 58
    • 48549111518 scopus 로고
    • Duopoly information equilibrium: Cournot and Bertrand
    • Vives, X. 1984. Duopoly information equilibrium: Cournot and Bertrand. J. Econom. Theory 34(1) 71-94.
    • (1984) J. Econom. Theory , vol.34 , Issue.1 , pp. 71-94
    • Vives, X.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.