Management Science

This paper is dedicated to the memory of Bye Wynne, who never held back from life, charging those he touched with his vigor, heart, and mind. Thanks.

This article reports on an experiment investigating the effects of a human facilitator and a ...

An important business strategy research theme concerns finding ways to minimize competition faced by the firm. This paper, however, focuses on a different set of situations: the model developed suggests that an innovator's best strategy may be to ...

There has been a call to investigate the negotiation process Gale [Gale, D. 1986. Bargaining and competition part I: Characterization. Econometrica544 785-806.], Shubik [Shubik, M. 1982. Game Theory in the Social Sciences: Concepts and Solutions. M. I. ...

This article considers the construction of simulation designs for the ordinary least squares estimation of second-order metamodels. Two premises underlie the development of these experimental strategies. First it is assumed that the postulated metamodel ...

Effective management of inventories in large-scale production and distribution systems requires methods for bringing model solutions closer to the complexities of real systems. Motivated by this need, we develop simulation-based methods for estimating ...

Strategic decisions to invest in new equipment are critical not only because of the large initial capital costs incurred but even more importantly because they affect future unit production costs, revenues, and the ability of the firm to perform ...

First-strike stability in a multipolar world measures the incentives of all major nuclear weapon countries, in all possible coalitions, to refrain from preemptive attack. The analysis integrates the interactions of offensive weapon arsenals, vulnerable ...

We investigate the performance of empirical criteria for comparing and selecting quantitative models from among a candidate set. A simulation based on empirically observed parameter values is used to determine which criterion is the most accurate at ...

Nonstationary stochastic periodic review inventory problems with proportional costs occur in a number of industrial settings with seasonal patterns, trends, business cycles, and limited life items. Myopic policies for such problems order as if the ...

This paper examines static and dynamic policies for replenishing and allocating inventories amongst N retailers located along a fixed delivery route. Each retailer faces independent, normally-distributed period demand and incurs a proportional holding ...

Schedulers confronted with significant processing time uncertainty often discover that a schedule which is optimal with respect to a deterministic or stochastic scheduling model yields quite poor performance when evaluated relative to the actual ...