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dc.contributor.authorPapier, Felix
dc.date.accessioned2016-03-16T10:49:02Z
dc.date.available2016-03-16T10:49:02Z
dc.date.copyright2016-03-08
dc.date.issued2016-03-08
dc.identifier.urihttp://hdl.handle.net/11718/17559
dc.descriptionThe R & P seminar held at Wing 11 Committee Room, IIM Ahmedabad on March 8, 2016 by Prof. Felix Papier, ESSEC Business School on "Supply Allocation under Sequential Advance Demand Information".en_US
dc.description.abstractWe study the problem of allocating supply under advance demand information (ADI). We consider a company that must allocate limited inventory to different markets that open sequentially. To reduce uncertainty, the company receives advance demand information and updates forecasts about its markets each time it makes an allocation decision. We study the value and optimal use of this information. Our research is motivated by an agri-food manufacturer that operates in several European countries. We develop the optimal policy under relaxed conditions and an efficient heuristic policy that performs close to optimal under general conditions. We derive structural properties of the model to gain managerial insights, and we derive the optimal policy in closed-form for the case of markets with identical prices. We use numerical experiments to demonstrate that the value of ADI can be significant. The managerial insights of this study include the observations that in environments as the one that motivated our research, early markets receive systematically less supply than late markets and that the value of ADI is greatest if the initial supply is close to the initial forecasts.en_US
dc.language.isoenen_US
dc.publisherIndian Institute of Management, Ahmedabaden_US
dc.subjectsupply allocationen_US
dc.subjectadvance demanden_US
dc.subjectallocation decisionen_US
dc.subjectADIen_US
dc.titleSupply Allocation under Sequential Advance Demand Informationen_US
dc.typeVideoen_US


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