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DateTimeRoomSpeakerAffiliationPaper
September 209:30 AM3325 Graigner HallChris RyanBooth School, University of Chicago

Incentive Design for Operations-Marketing Multitasking

October 299:30 AM3560 Grainger HallKostas NikolopoulosBangor University

Looking for the Needle in the Haystack:
Evidence of the Superforecasting Hypothesis When Time and Samples are Limited


OIM Research Workshop
December 6-7
4580 Grainger HallAtalay AtasuScheller College of Business, Georgia Tech

Leasing, Modularity, and the Circular Economy

December 6-7
4580 Grainger HallRyan BuellHarvard Business School, Harvard UniversitySurfacing the Submerged State: Operational Transparency Increases Trust in and Engagement with Government
December 6-7
4580 Grainger HallJan Van MieghemKellogg School, Northwestern UniversityDual Sourcing and Smoothing Under Non-Stationary Demand Time Series: Re-shoring with SpeedFactories

March 159:30 AM
Beril ToktayScheller College of Business, Georgia TechTBD
April 59:30 AM
Kumar RajaramAnderson School, UCLATBD

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About ImageProf. Jan Van Mieghem, Professor, Kellogg School of Management, Northwestern University

We investigate the emerging trend of near-shoring a small part of the global production back to local SpeedFactories. The short lead time of the responsive SpeedFactory reduces the risk of making large volumes in advance, yet it does not involve a complete re-shoring of demand. Using a breakeven analysis we investigate the lead time, demand, and cost characteristics that make dual sourcing with a SpeedFactory desirable compared to off-shoring to a single supplier. We propose order rules that extend the celebrated inventory optimal order-up-to replenishment policy to settings where capacity costs exist and demonstrate their excellent performance. We highlight the significant impact of autocorrelated and non-stationary demand series, which are prevalent in practice yet challenging to analyze, on the economic benefit of re-shoring. Methodologically, we adopt Z−transforms and present an exact analysis of several discrete-time linear inventory models. 





ProfileProf. Beril Toktay, Professor, Scheller College of Business, Georgia Tech

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