-
作者：Hu, Junming; Xue, Weili; Yang, Yi
作者单位：Zhejiang University; Southeast University - China
摘要：Inspired by emerging financing techniques that offer additional financing options for entrepreneurs, we establish a stylized model to compare two prevalent crowdfunding strategies: Reward-based crowdfunding and Initial Coin Offerings (ICOs). First, we highlight that the fundamental difference between reward-based crowdfunding and ICO lies in the distinct types of price distortion, resulting in different agency costs. Specifically, compared to the first-best benchmark, reward-based crowdfunding...
-
作者：Wan, Xiang; Li, H. Alice
作者单位：University System of Ohio; Ohio State University
摘要：This article studies the impact of a competing firm's substantial expansion in product variety, achieved through modularity and delayed differentiation, on the sales and inventory of the focal firm in the market. Intuitively, the firm's sales are expected to decrease when a competitor increases its product variety, as existing consumers are drawn to the greater range of competing products, resulting in a substitution effect. However, we also emphasize a simultaneous spillover effect, where the...
-
作者：Luy, Julius; Hiermann, Gerhard; Schiffer, Maximilian
作者单位：Technical University of Munich; Technical University of Munich
摘要：Nowadays, logistics service providers (LSPs) increasingly consider using a crowdsourced workforce on the last mile to fulfill customers' expectations regarding same-day or on-demand delivery at reduced costs. The crowdsourced workforce's availability is, however, uncertain. Therefore, LSPs often hire additional fixed employees to perform deliveries when the availability of crowdsourced drivers is low. In this context, the reliability versus flexibility trade-off which LSPs face over a longer p...
-
作者：Boyaci, Tamer; Chakraborty, Soudipta; Gurkan, Huseyin
作者单位：European School of Management & Technology; University of Kansas
摘要：We consider the information design problem of a demand-maximizing firm launching a product of unknown quality to a market consisting of customers who have heterogeneous prior beliefs about quality. The firm publicly discloses information about quality to all customers. These customers can subsequently opt to acquire additional information about the product at a cost from sources beyond the firm's control. Our study is motivated by the common practice of firms conducting public pilot tests or s...
-
作者：Sodhi, ManMohan S.; Tang, Christopher S.
作者单位：City St Georges, University of London; University of California System; University of California Los Angeles
摘要：In 2015, the United Nations (UN) countries signed up to achieve 17 sustainable development goals (SDGs) for people, planet, prosperity, peace, and partnership by 2030. However, the trend of progress toward achieving these goals indicates that none of the 17 goals may be achieved by 2030 globally. We first provide La foundation for operations management (OM) researchers to help shape the interventions for countries and companies to help achieve the SDGs by (1) identifying the synergies among th...
-
作者：Zha, Yong; Chen, Kehong; Dong, Lingxiu; Yu, Yugang
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; Chinese Academy of Sciences; University of Science & Technology of China, CAS; Chinese Academy of Sciences; University of Science & Technology of China, CAS; Washington University (WUSTL)
摘要：This study examines two retailer-initiated pre-shipment financing programs to assist capital-constrained suppliers in securing external funds for production. The first program is retailer-sponsored financing (RSF), an emerging practice in developing economies. Under RSF, the retailer commits to sharing the loan repayment obligation with the supplier by agreeing to pay up to a specific portion of the supplier's bank loan repayment. The second program is advance payment (AP), a common payment ar...
-
作者：Yu, Hao; Huang, Min; Yue, Xiaohang
作者单位：Northeastern University - China; University of Wisconsin System; University of Wisconsin Milwaukee
摘要：Multi-party carpooling emerges as a burgeoning shared transportation scheme whereby the trip shared by each driver is shared among multi-party riders whose itineraries coincide. Confronting the information asymmetry and the voluntary self-interested nature of bilateral participants in matching and pricing operations, this study designs Multi-party cArpooling SupporTed stratEgy-pRoof (MASTER) double auction mechanisms considering personalized carpooling constraints. First, in a scheduled carpoo...
-
作者：Zheng, Shengming; Zheng, Quan; Vakharia, Asoo J.
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; Chinese Academy of Sciences; University of Science & Technology of China, CAS; State University System of Florida; University of Florida
摘要：This study examines how wholesale price discrimination (WD) by a supplier affects different parties in a supply chain involving a common supplier distributing homogeneous products through two competing retailers with different costs under wholesale price contracts. Especially, we allow for contract unobservability, where the contract terms between the supplier and each retailer are secret to the rival retailer. Intuitively, given the downstream asymmetry, WD should be more advantageous than th...
-
作者：Nair, Devadrita; Huchzermeier, Arnd
作者单位：WHU - Otto Beisheim School of Management; Massachusetts Institute of Technology (MIT)
摘要：Demand forecasting for seasonal products becomes especially challenging in the case of fast innovations, where the product portfolio is upgraded every season. In addition to the problem of forecasting demand without any historical data, companies also have to deal with frequent stockouts, which bias past sales and provide an unreliable anchor for making new forecasts. We show how one can use machine learning models to leverage information on comparable products from the past together with expe...
-
作者：Feng, Xiaojing; Rong, Ying; Tian, Xin; Wang, Mengmeng; Yao, Yuliang
作者单位：Southwestern University of Finance & Economics - China; Shanghai Jiao Tong University; Chinese Academy of Sciences; University of Chinese Academy of Sciences, CAS; Chinese Academy of Sciences; Tongji University; University of Delaware
摘要：Livestream e-commerce features live social interactions that enable real-time, face-to-text communications among a streamer and many customers. We posit such live social interactions generate persuasion effect that eventually leads to higher product returns. Using data from a leading livestream e-commerce firm, we compare the product returns between live sessions with rerun sessions where the only difference is the presence of live social interactions in live sessions but not in rerun sessions...
