A competitive inventory model with options to reduce setup and inventory holding costs
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Cited by (11)
Stochastic frontier modelling of working capital efficiency across Europe
2022, Technological Forecasting and Social ChangeCitation Excerpt :On the other hand, the degree of competition also affects the level of inventory firms hold. Firms operating in highly competitive industries become less efficient in their inventory control (Min and Chen, 1995; Olivares and Cachon, 2009) because of factors including delivery competition (Boisjoly et al., 2020). Similarly, the results in column 1 of Table 5 also present evidence of the relationship between export intensity and WCE.
On the robustness and strategic implications of a parsimonious advertising – inventory competitive model with extensions to pricing competition
2016, International Journal of Production EconomicsCitation Excerpt :The above studies, however, do not consider inventory related costs in the modeling effort. The closest studies to the present research are Min and Chen (1995) and Mesak (2003). Min and Chen (1995) consider a symmetric model of inventory competition that does not consider advertising competition.
On modeling the advertising-operations interface under asymmetric competition
2015, European Journal of Operational ResearchCitation Excerpt :Mesak (2003), who has not explicitly considered inventory costs, employs a Nash equilibrium solution concept in conjunction with a market share attraction model for which the attraction function of a competitor depends upon its own advertising effort. In turn, similar to this study, Min and Chen (1995) who have not explicitly considered advertising, each firm aims at maximizing its profit in a situation for which all the assumptions of a traditional EOQ model hold. In contrast to Mesak (2003) and Min and Chen (1995) who only analyze symmetric competition, the present study is broader in scope as it analyzes asymmetric competition for which symmetric rivalry is a special case.
Bargaining for cooperative economic ordering
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K. Jo Min is an assistant professor in the Department of Industrial and Manufacturing Systems Engineering at Iowa State University. He received his Ph.D. degree in Industrial Engineering and Operations Research from the University of California, Berkeley. His current research interests are in the areas of pricing and costing theory, inventory systems and allocation mechanisms.