Decision Sciences, Volume 55, Issue 2, Page 109-110, April 2024.

Decision Sciences, Volume 55, Issue 2, Page 105-108, April 2024.

Abstract We develop a simple forecast-anchoring model to explain and predict the mean and variance of observed inventory order decisions in a newsvendor problem. The model assumes that people employ a two-step decision heuristic. In the first step, a behavioral bias may gravitate the decision maker's point forecast toward a random forecast versus a...

Abstract Autonomous drones are no longer science fiction but are becoming reality. Prior studies have investigated how an autonomous drone can be used in conjunction with a parcel delivery truck, but they all restricted the drones’ launch/recovery sites to customer nodes visited by a truck. In practice, parcel carriers are considering the use of intermediate...

Abstract Although lenient return policies can drive sales and customer loyalty, they have also resulted in enormous returns volumes and reverse logistics costs. Online retailers often feel compelled to offer free returns, but are then faced with numerous operational challenges, ranging from accurately forecasting returns volumes to identifying presales...

Abstract Replication endeavors contribute to the accumulation of scientific evidence about previously reported findings and are crucial for scientific progress. Replication studies are, however, often discouraged and rarely published in the operations and supply chain management (OSCM) discipline. In this article, we offer a framework for replications...