Due-Date Management Through Iterative Bidding

This paper proposes an iterative bidding framework for integrated due-date management (DDM) decision making. We focus on a type of make-to-order environment in which a firm needs to quote due dates and prices and to schedule the production of a variety of job orders required by a large group of customers. In most cases, customers prefer shorter due dates. However, given limited production capacity and various cost constraints, the firm has to …