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The process of introducing new and phasing out old products is called product rollover. This paper considers a periodic-review inventory system consisting of a manufacturer and a retailer, where the manufacturer introduces new and improved products over an infinite planning horizon using the solo-roll strategy. We consider two scenarios: (1) the manufacturer does not share the upstream information about new-product introduction with the retailer and (2) the manufacturer shares the information. For each scenario, we first derive the decentralized ordering policy and the system-optimal ordering policy with given cost parameters. We then devise an optimal supply chain contract that coordinates the inventory system. We demonstrate that when the inventory system is coordinated, information s...
... has focusedon the downstream or the demand-side information (e.g., the sales information or i... increases, information sharing saves more costs. The rest of the paper is organized as follo...
In recent years dissatisfaction with mandatory financial reporting has led investors, financial markets and other key stakeholder to demand from companies to voluntarily provide more comprehensive information about their long-term strategies and performance. The dissatisfaction with the quality and effectiveness of financial reporting has also received world wide attention from academicians (Bozzolan et al., 2003; Chen and Jaggi, 2000; Eng and Mak, 2003; Eng and Teo, 1999; Francis and Shipper, 1999; Hook et al., 2002; Leuz and Verrecchia, 2000; Lev and Zarowin, 1999; Meek, et al., 1995) and regulatory and professional bodies (ACCA, 1999; Ernst and Young, 1999; ISEA, 1999; OECD, 2001; Price Waterhouse Coopers, 1999). The Financial Accounting Standard Board (FASB, 2000), as well, has on m...
From wire reports WASHINGTON - 's nomination to be U.N. ambassador, the latest setback for the tough-talking nominee President Bush has called strong medicine for corruption and inefficiency at the United Nations.
COVER REPORT: SERVICING
...More than 100 international publishers are now particip...For more information about print-on-demand for publishers via CreateSpa...
The Quinn administration's "top to bottom" review of early prisoner releases shouldn't stop with looking at the "meritorious good time push" that resulted in inmates serving just a few weeks in a Department of Corrections facility before being freed. Lawmakers and voters should demand more information about the "other" early release program announced by the governor as a cost- cutting measure. And Gov. Pat Quinn should provide it.
...To learn more about Lighthouse Gateway or for a live demo, conta...To see the product on-demand, tour Gateway or watch a recent Lighthouse Gatewayy webcast. For more information about Lighthouse Gateway and the advantages of clo...
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