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• W2077294574 abstract "This paper investigates inventory-rationing policies of interest to firms operating in a direct market channel. We model a single product with two demand classes, where one class requests a lower order fulfillment lead time but pays a higher price. Demand for each class follows a Poisson process. Inventory is fed by a production system with exponentially distributed build times. We study rationing policies in which the firm either blocks or backlogs orders for the lower priority customers when inventory drops below a certain level. We compare the performance of these rationing policies with a pure first-come, first-serve policy under various scenarios for customer response to delay: lost sales, backlog, and a combination of lost sales and backlog." @default.
• W2077294574 created "2016-06-24" @default.
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• W2077294574 date "2009-01-05" @default.
• W2077294574 modified "2023-10-07" @default.
• W2077294574 title "INVENTORY RATIONING AND SHIPMENT FLEXIBILITY ALTERNATIVES FOR DIRECT MARKET FIRMS" @default.
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• W2077294574 doi "https://doi.org/10.1111/j.1937-5956.2002.tb00471.x" @default.
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