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Publications (18)
The impact of forecast error magnification on supply chain cost has been well documented. Unlike past studies that measure forecast error in terms of forecast standard deviation, our study extends research to consider the impact of forecast bias, and the complex interaction between these variables. Simulating a two-stage supply chain using realisti...
Universities face increased pressures to reduce and contain costs while simultaneously offering high-quality, non-core value-added services to their students, faculty and staff. The purpose of the study was to empirically assess whether and how various dimensions of the outsourcing process for non-core operations in higher education impact performa...
The use of ethanol has gained popularity as a result of the growing desire to reduce dependency on foreign oil and concerns about potential climate change. Cellulosic ethanol from woody biomass may be less costly than other forms of ethanol. The feedstock supply chain for processing timber used in biomass-based ethanol has traditionally followed a...
The inclusion of maintenance-related costs in an organisation's financial reports, through the analysis of the costs of maintenance, helps management evaluate the relative impact of its maintenance problems on the organisation's profitability. A cost of quality (COQ)/cost of maintenance (COM) system, once implemented, provides us with an invaluable...
The ability to offer rapid delivery of a wide variety of customised products requires companies to maintain high levels of product inventories to quickly respond to customer demands. One alternative for reducing final product inventories while providing the required customer service level is delayed product differentiation, known as postponement. T...
Our study evaluates the impact of forecast errors on organizational cost by simulating a labor-intensive warehouse environment using realistic cost data from a case study. Unlike past studies that measure forecast error in terms of forecast standard deviation, our study also considers the impact of forecast bias, and the complex interaction between...
Customer satisfaction can be achieved by providing rapid delivery of a wide variety of products. High levels of product variety require correspondingly high levels of inventory of each item to quickly respond to customer demand. Delayed product differentiation has been identified as a strategy to reduce final product inventories while providing the...
School of Business and Economics, dana@mtu.edu, 906-487-2803; (2) School of Business and Economics, gagraman@mtu.edu, 906-487-2663; (3) College of Engineering, ljbohman@mtu.edu, 906-487-2005; (4) Department of Civil and Environmental Engineering, mattila@mtu.edu, 906-487-2523; (5) Department of Computer Science, nilufer@mtu.edu, 906-487-1641; (6) D...
Purpose
Postponement (also known as delayed product differentiation) has been shown to be an effective supply chain strategy from an inventory‐reduction, service‐level improvement standpoint. However, there has been relatively little empirical research on identifying the drivers and/or obstacles to a successful implementation of a postponement stra...
Customers are demanding. They want customized products and services, and they want their orders filled more quickly than before. To cope, companies often struggle to predict customer demand while remaining both efficient and flexible. As this article explains, one strategy for addressing a demanding marketplace is postponement, which refers to orga...
Customer satisfaction can be achieved by providing rapid delivery of a wide variety of products. High levels of product variety require correspondingly high levels of inventory of each item to quickly respond to customer demand. Delayed product differentiation has been identified as a strategy to reduce final product inventories while providing the...
Mathematical models for controlling multi-echelon inventory and production levels have been developed for entire interconnected systems rather than myopically for each point in the inventory or production system. With such models come the additional burden of considering the lead times and delays associated with the movement of items through the ne...