New Publication on Inventory Management for Seasonal Products

The paper „Inventory timing: How to serve a stochastic season“ written by Jochen Schlapp, Moritz Fleischmann, and Danja Sonntag investigates inventory management for seasonal items facing an uncertain timing of the season. It shows how to co­unter the uncertainty through an appropriate timing of inventory availability. A key insight is that naïve decision rules (“earlier is better”) may reduce not only a firm's profits but also its capacity to serve customer demand.

The paper is available with open access in Production and Operations Management.