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Tuesday, July 21, 2020 | History

4 edition of Product variety and demand uncertainty found in the catalog.

Product variety and demand uncertainty

Dennis W. Carlton

Product variety and demand uncertainty

by Dennis W. Carlton

  • 165 Want to read
  • 5 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Product differentiation.,
  • Demand (Economic theory),
  • Uncertainty.

  • Edition Notes

    StatementDennis W. Carlton, James D. Dana.
    SeriesNBER working paper series ;, working paper 10594, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 10594.
    ContributionsDana, James D., National Bureau of Economic Research.
    Classifications
    LC ClassificationsHB1
    The Physical Object
    FormatElectronic resource
    ID Numbers
    Open LibraryOL3476809M
    LC Control Number2005616351

    Demand Uncertainty and Cost Behavior Rajiv D. Bankery Dmitri Byzalovz Jose M. Plehn-Dujowichx Septem Abstract We investigate analytically and empirically the relationship between demand un-certainty and cost behavior. We argue that with more uncertain demand, unusually high realizations of demand become more Size: KB. sources of uncertainty in any production-distribution system is the product demand. Failure to account for significant demand fluctuations could either lead to unsatisfied customer demand translating to loss of Nomenclature Sets {i} set of products {f} set of product families {j} set of processing units {s} set of production sites {t} set of.

    Implied demand uncertainty is uncertainty for a specific supply chain for the portion of the demand it caters to. Implied demand uncertainty is defined in the context of multiple supply chains supplying the same product. Multiple supply chains come due to different attributes that they satisfy. An example is a firm supplying a product, say. The Relationship between Lean Manufacturing & Customer’s Demand Uncertainty Muhammad Abid Senol Özkan This thesis work is performed at Jönköping Institute of Technology within the subject area Production Development & Management. The work is part of the university‟s two-year master‟s degree within the field of industrial engineering.

    Highly Unpredictable demand. Many different variety of products. Volume per SKU is low due to uncertain demand and stock-out cost is high. Demand Uncertainty Framework How to Reduce Demand Uncertainty uncertainty reduction strategies Sharing demand information and synchronized planning across the supply chain with the internet Demand Uncertainty and Sales: A Study of Fashion and Markdown Pricing paper is that the growing role of fashion and product variety is an important reason for these increases and for the diflerences between merchandise groups. Markdowns and sales have long been ubiquitous in retailing. in the demand for fashon. The estimatedCited by:


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Product variety and demand uncertainty by Dennis W. Carlton Download PDF EPUB FB2

COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle.

The causes of demand uncertainty may result from inherent qualities of the business and its customer base, or from external factors.

Seasonal fluctuations, for example, are a type of inherent uncertainty, although industries that experience seasonal fluctuations can often use records from past years to anticipate and estimate the current seasonal shift.

Get this from a library. Product variety and demand uncertainty. [Dennis W Carlton; James D Dana] -- "We show that demand uncertainty leads to vertical product differentiation even when consumers are homogeneous.

When a firm anticipates that its. Another approach emphasizes the effect of product variety on easing the demand uncertainty problem through reducing the expected costs associated with excess capacity, which has also been shown to.

In a case of multi-product rms, Carlton and James Jr. () nd that demand uncertainty and sunk costs increase product variety and rm di¤erentiation, which may soften competition and. Demand for variety may arise from a taste for diversity in individual consumption and/or from diversity in tastes even when each consumer chooses a single variant.

The full degree of variety potentially demanded will not, in general, be supplied because scale economies (even to a small degree) mean that the potential welfare or revenue gain from greater variety must be balanced Cited by: Downloadable.

We show that demand uncertainty leads to vertical product differentiation even when consumers are homogeneous.

When a firm anticipates that its inventory or capacity may not be fully utilized, product variety can reduce its expected costs of excess capacity. When the firm offers a continuum of product varieties, the highest quality product has the highest profit.

Downloadable. We demonstrate that demand uncertainty can explain equilibrium product variety in the presence of sunk costs. Product variety is an efficient response to uncertainty because it reduces the expected costs associated with excess capacity.

We find that within the firm's product line, the highest quality product has the highest profit margin but the lowest percentage. variety of end products. Further, with the high variety, high variability or demand uncertainty is also a feature that process manufacturers have to manage.

Whilst there are several characteristics that distinguish process industries from a product variety viewpoint, product differentiation points will be the key characteristic discussed in this.

Supply Chain Management Midterm. The uncertainty of customer demand for a product is the: product variety, product availability, customer experience, order visibility, and returnability. Flase.

Inbound transportation costs are the costs incurred in bringing material into a facility. Outbound transportation costs are the costs of sending. Aligning Supply Chain Strategies with Product Uncertainties CALIFORNIA MANAGEMENT REVIEW VOL,NO.3 SPRING FIGURE 3. The Uncertainty Framework:Examples Grocery,basic apparel, food,oil and gas Hydro-electric power, some food produce Fashion apparel, computers,pop music Telecom,high-end computers,semiconductor Demand Uncertainty.

Making Supply Meet Demand in an Uncertain World The Growing Need to Face Demand Uncertainty. and they should later compare it with actual. Supply chain management ch02 chopra uncertainty of customer demand for a product Implied demand uncertainty: resulting uncertainty for the supply chain due to the portion of the demand the supply chain is required to handle and attributes the customer desires Ex: A firm supplying only emergency orders for a product faces higher implied.

Market mediation costs arise because of uncertainty in product demand created by variety. In the presence of demand uncertainty, precisely matching supply with demand is difficult. Market mediation costs include the variety-related inventory holding costs, product mark-down costs occurring when supply exceeds demand, and the costs of lost sales Cited by: Product Variety and Demand Uncertainty Dennis W.

Carlton, James D. Dana. NBER Working Paper No. Issued in June NBER Program(s):Industrial Organization We show that demand uncertainty leads to vertical product differentiation even when consumers are.

C) tailor the supply chain to best meet the needs of each product's demand. D) set up a supply chain that meets the needs of the customer segment with the highest implied uncertainty.

E) set up a supply chain that meets the needs of product with the highest implied uncertainty. When the exact behaviour pattern of a product cannot be determined with certainty,then demand is said to be Uncertain.

It happens when businesses cannot ascertain the demand of their product in future. It means that demand for the product sometim. PRODUCT VARIETY, ACROSS-MARKET DEMAND HETEROEGENEITY, AND THE VALUE OF ONLINE RETAIL Thomas W. Quan Department of Economics University of Georgia Kevin R.

Williams School of Management Yale Universityy November z Abstract Online retail gives consumers access to an astonishing variety of products. How. level increases the implied demand uncertainty even though the product’s underlying demand uncertainty does not change.

Both the product demand uncertainty and various customer needs that the supply chain tries to fill affect implied demand uncertainty.

Table illustrates how various customer needs affect implied demand uncertainty. Table Impact of Customer. In microeconomics, supply and demand is an economic model of price determination in a postulates that, holding all else equal, in a competitive market, the unit price for a particular good, or other traded item such as labor or liquid financial assets, will vary until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied.

Let's suppose you are stocking iPhone 5s for sale. You project your sales and then you look at how much of that your supply chain can cover. For example, you are in a large metro area and can s iPhone 5s but the lousy supplier will give.The impacts of demand uncertainty in supply chain context has been the subject of many researches (for example, Tominaga et al.

[7]), while most of which assumed that no disruption occurs, that is, the supply is continuous. Mantrala and Raman [8] investigated how the demand uncertainty ff the return policies between a supplier and a retailerFile Size: KB.

Theory on the “Long tail effect” predicts that consumer demand in online markets spreads over a long tail of niche products.

Recent research, however, provides opposing evidence and questions the theory’s validity. In this paper, I aim to reconcile these opposing findings by proposing that consumer uncertainty represents a hidden yet important boundary condition for Cited by: 3.