This paper considers a multi-product newsboy system that produces multiple products for fulfilling independently uncertain demands, which share the same production capacity. To deal with possible shortage of limited capacity, productions can be outsourced. We consider two outsourcing strategies: zero lead time outsourcing, and nonzero lead time outsourcing. The structural properties and solutio...

We study the case of a catalogue/internet mail order retailer selling seasonal products and receiving large numbers of commercial returns. Returned products arriving before the end of the selling season can be resold if there is sufficient demand. A single order is placed before the season starts. Excess inventory at the end of the season is salvaged and all demands not met directly are lost. S...

In this article we study the effect of uncertainty on an entrepreneur who must choose the capacity of his business before knowing the demand for his product. The unit profit of operation is known with certainty, but there is no flexibility in our one-period framework. We show how the introduction of global uncertainty reduces the investment of the risk-neutral entrepreneur and, even more, that ...

Voluntary motor actions aim at and are thus governed by predictable action effects. Therefore, representations of an action's effects normally must become activated prior to the action itself. In 5 psychological refractory period experiments the authors investigated whether the activation of such effect representations coincides with the response selection stage of information-processing theori...

The present experiment examined the effects of input/output modality pairings on dual-task performance using the psychological refractory period (PRP) procedure. Four groups of participants performed two tasks composed of the same sets of inputs (visual and auditory) and the same sets of outputs (manual and vocal), but with different input/output modality pairings. Whereas modality pairings had...