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作者:Fu, Ke; Gong, Xiting; Hsu, Vernon N.; Xue, Jiye
作者单位:Sun Yat Sen University; Chinese University of Hong Kong
摘要:This study considers a stochastic inventory management problem where a capital-constrained firm can obtain additional working capital through inventory-based financing (IBF) by pledging its inventory to obtain loans from a lender. We show that the firm's optimal inventory policy in each period may order new inventory up to a state-dependent order-up-to level subject to the firm's capital and IBF loan constraints, or salvage existing inventory down to a state-dependent salvage-down-to level. We...
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作者:Thevenin, Simon; Adulyasak, Yossiri; Cordeau, Jean-Francois
作者单位:IMT - Institut Mines-Telecom; IMT Atlantique; Universite de Montreal; HEC Montreal
摘要:Material Requirements Planning (MRP), a core component of enterprise resource planning (ERP) systems, is widely used by manufacturers to determine the production lot sizes of components. These lot sizes are typically computed based on deterministic and dynamic demand assumptions, while safety stocks, which hedge against demand uncertainty, are determined independently based on different assumptions. As the lot sizes and safety stocks are not determined simultaneously, sub-optimal decisions are...
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作者:Pei, Jun; Yan, Ping; Kumar, Subodha; Liu, Xinbao
作者单位:Hefei University of Technology; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要:The sharing economy has developed rapidly in recent years using both business-to-customer (B2C) and customer-to-customer (C2C) models. This has exerted a profound impact on incumbent firms that follow a traditional sales model. Although the effects of B2C or C2C sharing in certain scenarios have been studied by prior literature, the effect of external B2C sharing has not been considered. Furthermore, the possible distinction between the two sharing effects as well as incumbent firms' decisions...
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作者:Ayvaz-cavdaroglu, Nur; Kazaz, Burak; Webster, Scott
作者单位:Kadir Has University; Syracuse University; Arizona State University; Arizona State University-Tempe
摘要:We consider a for-profit cooperative that sets a quality-based payment to its risk-averse farmers in order to incentivize them to invest in quality improvements. The quality of the farmer's harvest is affected by his investments during the growing season. To satisfy both the farmer and the cooperative, the payment must be competitive with the open-market prices. Cooperatives often set payments that mimic the open-market prices; however, this practice fails to incentivize farmers to invest in q...
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作者:Yin, Qianbo; Huang, Kwei-Long; Kuo, Chia-Wei; Zhou, Sean X.
作者单位:Shanghai University of Finance & Economics; National Taiwan University; National Taiwan University; Chinese University of Hong Kong
摘要:We consider add-on pricing in a distribution channel where a retailer sells a base good and an add-on, supplied by two manufacturers, respectively, to consumers. The retailer decides whether to sell the two products through either bundling or add-on pricing and sets the corresponding retail prices. Under add-on pricing, the add-on price is unobservable to consumers when they make the purchase decision of the base good. Each manufacturer, if independent of the retailer, sets the wholesale price...
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作者:Liao, Chen-Nan; Chen, Ying-Ju
作者单位:National Taiwan University; Hong Kong University of Science & Technology; Hong Kong University of Science & Technology
摘要:Noncommunicable diseases (NCDs) are among the largest health emergencies nowadays. Although a large proportion of NCDs can be prevented effectively via good life habits, these remain ubiquitous and one main reason is people's self-control problem caused by time-inconsistent, present-biased preferences. In this situation, we wonder whether a long-term conditional cash transfer (CCT) program, which is known to be effective in shaping people's behaviors but expensive, can be a viable solution. We...
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作者:Li, Guo; Li, Na; Sethi, Suresh P.
作者单位:Beijing Institute of Technology; Beijing Institute of Technology; University of Texas System; University of Texas Dallas
摘要:In the context of Industry 4.0, corporate social responsibility (CSR) plays an increasingly important role in firm risk management. To mitigate risk and improve operational productivity, artificial intelligence (AI), a key disruptive technology, has been increasingly employed in many industries. In this study, we examine the relationship between CSR and idiosyncratic risk (IR) as moderated by AI innovation and operational efficiency based on data from 1614 firms in China during the period from...
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作者:Wang, Wei-Lin; Vakratsas, Demetrios
作者单位:Ontario Tech University; McGill University
摘要:Although extant literature has argued for both positive and negative effects of product line length on choice, i.e. a dual impact, such a possibility has not been empirically investigated. This is the first study to address this issue, using a multiple discrete choice model for horizontally differentiated goods. The authors argue that the dual impact of product line length is due to competing effects of the two constituent dimensions of product line structure: a positive effect of product line...
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作者:Hardcopf, Rick; Shah, Rachna; Dhanorkar, Suvrat
作者单位:Utah System of Higher Education; Utah State University; University of Minnesota System; University of Minnesota Twin Cities; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要:Spill and pollution (SP) accidents cause significant damage to the natural environment. They also result in financial costs and reputational losses for the offending firm. As such, understanding how firms respond to such crises is of significant interest to firm stakeholders, such as investors, customers, regulators, NGOs, employees, and local communities. In this study, we examine whether publicly disclosed SP accidents cause firms to alter their approach to environmental management, as expre...
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作者:Kumar, V.; Kumar, Subodha; Leone, Robert P.
作者单位:Indian School of Business (ISB); Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University