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作者：Schmitt, Thomas; Faaland, Bruce; Mckay, Mark
作者单位：University of Washington; University of Washington Seattle; Trinity Western University; University of Washington; University of Washington Seattle
摘要：We address a production/inventory problem for a single product and machine where demand is Poisson distributed, and the times for unit production and setup are constant. Demand not in stock is lost. We derive a solution for a produce-up-to policy that minimizes average cost per unit time, including costs of setup, inventory carrying, and lost sales. The machine is stopped periodically, possibly rendered idle, set up for a fixed period, and then restarted. The average cost function, which we de...
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作者：Bo, Lijun; Li, Meng; Zhang, Tingting
作者单位：Xidian University; University of Houston System; University of Houston; Soochow University - China
摘要：Product evaluation is an essential business process, and digital innovation has made it possible for companies to immediately process available information. We develop a model where a company continuously assesses information that follows a doubly stochastic Poisson process with a mean-reverting and stochastic intensity. Accordingly, the company faces a two-dimensional optimal stopping problem in which the company continues to evaluate the product if and only if the product reputation and info...
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作者：Chen, Shi; Lei, Junfei; Moinzadeh, Kamran
作者单位：University of Washington; University of Washington Seattle; INSEAD Business School
摘要：Auto-delivery is a subscription model widely employed in supply chains, whereby a supplier delivers products to a buyer (or multiple buyers) according to the buyer's choice of a constant shipping quantity to be delivered at prescheduled dates. The buyer enjoys a discount for the auto-delivery orders and other benefits, including free subscription and cancellation. Because these benefits seem to all accrue to the buyer at the supplier's expense, the rationale for the supplier's decision to offe...
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作者：Mehrdar, Atabak; Li, Ting
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要：This paper proposes price cannibalization as a growth strategy despite prior findings that suggests avoiding it. We focus on a multiclass, capacity-constrained pricing problem in which each of the product classes has a price range. Specifically, we examine the effects of price range overlaps and introduce it as a revenue-maximizing pricing strategy. Price cannibalization happens when sales in some product classes decrease due to the existence of overlaps between the price ranges. We employ a m...
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作者：Diao, Wen; Jiang, Baojun; Tian, Lin
作者单位：Shanghai University of Finance & Economics; Washington University (WUSTL); Fudan University; Fudan University
摘要：Over the past decade, the surge of peer-to-peer (P2P) ride-sharing has significantly cut the market share and profitability for taxis, but taxis remain a major service provider in the personal transportation service industry. This paper analytically examines a market with two segments of consumers based on their travel distances, where a P2P platform and a traditional taxi company have different inconvenience costs and compete for customers through pricing. Our analysis shows that consumers' i...
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作者：Bai, Jiaru; Heese, H. Sebastian; Tripathy, Manish
作者单位：State University of New York (SUNY) System; Stony Brook University; North Carolina State University; University of British Columbia
摘要：Many on-demand service platforms employ surge pricing policies, charging higher prices and raising provider compensation when customer demand exceeds provider supply. There is increasing evidence that service providers understand these pricing policies and strategically collude to induce artificial supply shortages by reducing the number of providers showing as available online. We study a stylized mathematical model of a setting in which an on-demand service platform determines its pricing an...
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作者：Kim, Sangjo; Feng, Youyi; Xu, Jianjun
作者单位：Shanghai University of Finance & Economics; Dongbei University of Finance & Economics; Dongbei University of Finance & Economics
摘要：Our research investigates a joint inventory replenishment and pricing problem, where a seller controls the price of a leading product while restocking for all the products. We demonstrate that the seller's expected value functions present an L-(sic)-concave structure, recommending an optimal order-up-to inventory-level and list-price policy. Our findings reveal divergent economic relationships between products from the seller's and customer's perspectives, suggesting managers broaden their str...
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作者：Sun, Qiuzhuang; Chen, Piao; Wang, Xin; Ye, Zhi-Sheng
作者单位：University of Sydney; Zhejiang University; Shanghai Jiao Tong University; Shanghai Jiao Tong University; National University of Singapore; Zhejiang University
摘要：We study the robust production and maintenance control for a production system subject to degradation. A periodic maintenance scheme is considered, and the system production rate can be dynamically adjusted before maintenance, serving as a proactive way of degradation management. Optimal control of the degradation rate aims to strike a balance between the risk of failure and the production profit. We first consider the scenario in which the degradation rate increases linearly with the producti...
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作者：Kazaz, Burak; Webster, Scott; Yadav, Prashant
作者单位：Syracuse University; Arizona State University; Arizona State University-Tempe; INSEAD Business School; Arizona State University; Arizona State University-Tempe
摘要：We study mechanisms that encourage manufacturers of health products to build production and distribution capacity. This is important for low- and middle-income country (LMIC) markets where ability to pay is lower and demand risks are greater. Development finance institutions and philanthropies are beginning to utilize new instruments to incentivize manufacturers to build production/distribution capacity for LMIC markets. The goal of this paper is to understand the effectiveness of such mechani...
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作者：Chen, Xiaole; Hsu, Vernon N.; Lai, Guoming; Li, Yang
作者单位：Sun Yat Sen University; Chinese University of Hong Kong; University of Texas System; University of Texas Austin; Western University (University of Western Ontario); Western University (University of Western Ontario)
摘要：Companies have increasingly used supply chain financing instead of bank financing when engaging with financially constrained suppliers. We investigate the effectiveness of different financing mechanisms at supporting supply chain responsibility. We consider a decentralized supply chain where a buyer sources from a financially constrained supplier who borrows from either a bank or the buyer to finance his production. The buyer audits the supplier for responsibility compliance and will refuse to...
