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dc.contributor.authorBicer, Isik
dc.contributor.authorHagspiel, Verena
dc.contributor.authorDe Treville, Suzanne
dc.date.accessioned2019-03-29T11:47:32Z
dc.date.available2019-03-29T11:47:32Z
dc.date.created2018-06-18T15:36:42Z
dc.date.issued2018
dc.identifier.citationJournal of Operations Management. 2018, 61 46-67.nb_NO
dc.identifier.issn0272-6963
dc.identifier.urihttp://hdl.handle.net/11250/2592466
dc.description.abstractAs the time between the decision about what to produce and the moment when demand is observed (the decision lead time) increases, the demand forecast becomes more uncertain. Uncertainty can increase gradually in decision lead time, or can increase as a dramatic change in median demand. Whether the forecast evolves gradually or in jumps has important implications for the value of responsiveness, which we model as the cost premium worth paying to reduce the decision lead time (the justified cost premium). Demand uncertainty arising from jumps rather than from constant volatility increases the justified cost premium when an average jump increases median demand, but decreases the justified cost premium when an average jump decreases median demand. We fit our model to two data sets, first publicly available demand data from Reebok, then point-of-sale data from a supermarket chain. Finally, we present two special cases of the model, one covering a sudden loss of demand, and the other a one-time adjustment to median demand.nb_NO
dc.language.isoengnb_NO
dc.publisherWileynb_NO
dc.titleValuing Supply-Chain Responsiveness under Demand Jumpsnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionacceptedVersionnb_NO
dc.source.pagenumber46-67nb_NO
dc.source.volume61nb_NO
dc.source.journalJournal of Operations Managementnb_NO
dc.identifier.doi10.1016/j.jom.2018.06.002
dc.identifier.cristin1592011
dc.description.localcodeLocked until 2.8.2019 due to copyright restrictions. This is the peer reviewed version of an article, which has been published in final form at [https://doi.org/10.1016/j.jom.2018.06.002]. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.nb_NO
cristin.unitcode194,60,25,0
cristin.unitnameInstitutt for industriell økonomi og teknologiledelse
cristin.ispublishedtrue
cristin.fulltextpostprint
cristin.qualitycode2


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