dc.contributor.author |
Ata, B |
en |
dc.contributor.author |
Olsen, Tava |
en |
dc.date.accessioned |
2011-11-09T00:26:30Z |
en |
dc.date.issued |
2009-05 |
en |
dc.identifier.citation |
Operations Research 57(3):753-768 May 2009 |
en |
dc.identifier.issn |
0030-364X |
en |
dc.identifier.uri |
http://hdl.handle.net/2292/8834 |
en |
dc.description.abstract |
We consider a make-to-order system where customers are dynamically quoted lead times (and prices). Customers are homogeneous but have general (nonlinear) disutility for delay. Because the firm is a monopolist, the pricing problem is trivial and the dynamic problem reduces to one of lead-time quotation and order sequencing. We also consider the (static) problem of up-front capacity installation. We use a large-capacity asymptotic regime to make the problem tractable. We provide recommended policies for convex, concave, and convex-concave lead-time cost functions and prove that these policies are asymptotically optimal. The policies are both highly intuitive and readily implementable. Moreover, they provide delay guarantees for all served customers. They are tested numerically; we find that significant benefits can accrue by using the prescribed dynamic policies instead of first-come-first-served type policies. |
en |
dc.description.uri |
http://pubsonline.informs.org/doi/abs/10.1287/opre.1080.0608 |
en |
dc.language |
EN |
en |
dc.publisher |
INFORMS |
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dc.relation.ispartofseries |
Operations Research |
en |
dc.rights |
Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. Details obtained from http://www.sherpa.ac.uk/romeo/issn/0030-364X/ |
en |
dc.rights.uri |
https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm |
en |
dc.subject |
Statistical Decision Theory; Operations Research C440 |
en |
dc.subject |
Organization of Production L230 |
en |
dc.subject |
Production Management M110 |
en |
dc.title |
Near-Optimal Dynamic Lead-Time Quotation and Scheduling under Convex-Concave Customer Delay Costs |
en |
dc.type |
Journal Article |
en |
dc.identifier.doi |
10.1287/opre.1080.0608 |
en |
pubs.issue |
3 |
en |
pubs.begin-page |
753 |
en |
pubs.volume |
57 |
en |
dc.rights.holder |
Copyright: INFORMS |
en |
pubs.author-url |
http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1092695&site=ehost-live |
en |
pubs.end-page |
768 |
en |
dc.rights.accessrights |
http://purl.org/eprint/accessRights/RestrictedAccess |
en |
pubs.subtype |
Article |
en |
pubs.elements-id |
167873 |
en |
pubs.org-id |
Business and Economics |
en |
pubs.org-id |
Faculty of Bus. & Eco Admin |
en |
pubs.org-id |
Faculty of Bus. & Eco Admin |
en |
dc.identifier.eissn |
1526-5463 |
en |
pubs.record-created-at-source-date |
2010-10-28 |
en |