-
作者：Fruchter, Gila E.; Prasad, Ashutosh; Reutterer, Thomas
作者单位：Bar Ilan University; University of California System; University of California Riverside; Vienna University of Economics & Business
摘要：In a globalized economy, companies face a range of challenges and opportunities related to relocating production activities to a new country. Relocation can yield significant cost savings and other benefits, but there are also risks including potential damage to the brand image. Thus, firms need to carefully evaluate when to relocate and when to stop production in a particular location. We formulate an optimal control model and derive analytical as well as numerical results to provide insights...
-
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：Ding, Yucheng; Guan, Xu; Ke, Jiannan
作者单位：Wuhan University; Huazhong University of Science & Technology
摘要：This article investigates competition between a branded firm selling a durable good over two periods and a deceptive counterfeiter entering the market in the second period. The two firms engage in a price signaling game in which the branded firm designs its price strategy over two periods, and strategic consumers decide whether to buy the authentic product upfront or wait until the second period. We find that the branded firm may benefit from the counterfeit competition if the quality gap betw...
-
作者：Long, Xiaoyang; Wu, Yaozhong
作者单位：University of Wisconsin System; University of Wisconsin Madison; National University of Singapore
摘要：Extensive studies have revealed that newsvendor decisions by human decision-makers are often biased by cognitive limitations, and, therefore, fail to achieve optimal profits prescribed by normative models. These biases are typically considered as liabilities in individual inventory decision-making, and much research has focused on developing methods to debias the decision-maker-for example, by providing decision support tools. However, in competitive settings biases can provide a competitive a...
-
作者：Shi, Jiaqi; Ke, Ginger Y.; Wang, Zizhuo; Zhang, Lianmin
作者单位：Columbia University; Memorial University Newfoundland; The Chinese University of Hong Kong, Shenzhen; Shenzhen Research Institute of Big Data; The Chinese University of Hong Kong, Shenzhen
摘要：Considering the real-world situations where a customer's purchase choices in previous stages can influence the prices she encounters in subsequent stages, this research examines the multiproduct price optimization problem under a multistage choice model. Particularly, the seller commits to a multistage pricing policy and determines product prices based on the customer's purchase history, and the customer makes purchase decisions such that the total expected utility is maximized. We show that t...
-
作者：Gong, Xiting; Liu, Suting
作者单位：Chinese University of Hong Kong; Chinese Academy of Sciences; University of Science & Technology of China, CAS
摘要：In this article, we consider hybrid manufacturing/remanufacturing inventory systems that produce a single product to satisfy demands over a finite planning horizon. In each period, the firm receives random demand and returns of end-of-life products. A serviceable product can be manufactured from ample raw materials or remanufactured from a returned product. The two operations possess random dedicated capacities. The firm's objective is to minimize the expected total discounted cost over the pl...
-
作者：Cesaret, Bahriye; Bayram, Armagan
作者单位：Ozyegin University; University of Michigan System; University of Michigan Dearborn
摘要：Keeping up with competitors' prices is one of the top operational challenges in pricing. However, competitive interactions in revenue management have not received much research attention in the past due to their complexity. We conduct a series of laboratory experiments to investigate the dynamic pricing behavior of two capacity-constrained firms under competition. Our experiments initially control for strategic interactions between the sellers and then allow for them. To gain a broader underst...
-
作者：Liu, Wei; Kulkarni, Vidyadhar G.
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine
摘要：We study a multi-server queueing system where a customer is satisfied (and generates a unit revenue) if their queueing time is at most a given constant. If the queueing time of the admitted customer exceeds this constant, the customer gets served, but is unsatisfied and generates no revenue. Such queueing systems arise in the context of modeling service systems where excessive delays are of concern. A key challenge is how to design an admission control policy to maximize the number of satisfie...
-
作者：Jain, Tarun; Hazra, Jishnu; Gopal, Ram
作者单位：Indian Institute of Management (IIM System); Indian Institute of Management Bangalore; University of Warwick
摘要：Three-dimensional (3D) printing technology has opened up possibilities for product design collaborations between device providers and customers. To enable an environment of cocreation, device providers are now renting 3D printers via the 3D-as-a-Service (3DaaS) model. Although prior research has examined pricing and quality issues in the traditional manufacturing setup, these studies have not analyzed such decisions in the 3D printing supply chain setting, where end users possess the ability t...
-
作者：Babar, Yash; Chan, Jason; Choi, Ben
作者单位：University of Wisconsin System; University of Wisconsin Madison; University of Minnesota System; University of Minnesota Twin Cities; Nanyang Technological University
摘要：Exercise-tracking apps are digital tools for delivering personalized behavioral interventions. Despite the growing usage of exercise applications, the efficacy of in-exercise app features in driving usage and athletic outcomes remains poorly understood. To remain competitive, sports organizations now need to leverage tracking tools to efficiently allocate resources and streamline training regimens and interventions for their core assets (i.e., athletes). In response to these operational needs,...
