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作者:Wang, Tong; Yan, Xiaoyue; Yang, Chaolin
作者单位:Shanghai Jiao Tong University; Cornell University; Shanghai University of Finance & Economics
摘要:In this study, we study a hybrid RDC-DC serial inventory system where the regional distribution center (RDC) replenishes its stock from an outside supplier (OS), while the distribution center (DC) faces random demand and replenishes its stock from the RDC. Unlike in the traditional serial system, the DC itself can replenish its inventory from outside as well. We firstly derive structural properties for the optimal long-run average cost and the optimal stationary policy by vanishing discount ap...
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作者:Wang, Liao
作者单位:University of Hong Kong
摘要:We study production planning in a multi-product setting, in which demand for each product depends on multiple financial assets (such as commodities, market indices, etc). In addition to the production quantity decision at the beginning of the planning horizon, there is also a real-time hedging decision throughout the horizon; and we optimize both decisions jointly. With a mean-variance problem formulation, we first derive the optimal hedging strategy, given the production quantities. This lead...
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作者:Dhanorkar, Suvrat; Siemsen, Enno
作者单位:Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Wisconsin System; University of Wisconsin Madison
摘要:Important discretionary tasks such as quality improvement, process compliance, and energy efficiency (EE) require constantly focusing the attention of decision-makers. Using a combination of archival data analysis and a field study, we show how nudges in the form of reminders can serve as a simple yet powerful managerial lever to focus attention on such tasks and increase the likelihood that these tasks will be completed. We study the effectiveness of reminders in the context of EE tasks in ma...
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作者:Liu, Qiang; Liu, Xiaofeng; Balachander, Subramanian
作者单位:Purdue University System; Purdue University; Zhongnan University of Economics & Law; University of California System; University of California Riverside
摘要:We study, using a stylized analytical model, an entrepreneur's design of the optimal product menu for crowdfunding together with the optimal choice of the funding target. We find that in contrast to prior literature on crowdfunding, downward quality distortion of the low-quality product in the entrepreneur's product menu under crowdfunding can be higher, lesser or even non-existent than that under traditional selling. We also show that crowdfunding as an alternative to traditional selling is o...
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作者:Blackmon, Lester; Chan, Ross; Carbral, Omar; Chintapally, Geeta; Dhara, Sandip; Felix, Peter; Jagdish, Aditi; Konakalla, Srini; Labana, Jasbir; McIlvain, Jeff; Stone, Jason; Tang, Christopher S.; Torres, Jason; Wu, Weldon
作者单位:Salesforce; University of California System; University of California Los Angeles
摘要:To address the food assistance crisis during the Covid pandemic, the United States Department of Agriculture (USDA) launched a multi-billion dollar Farmers to Families Food Box program (Box program) by working with approved suppliers (or distributors) to purchase fresh produce, dairy, and meat directly from farmers and package them into boxes. Recognizing that food banks did not have spare capacity to support the Box program, how should these food boxes be distributed to people who are in need...
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作者:Guda, Harish; Dawande, Milind; Janakiraman, Ganesh
作者单位:Arizona State University; Arizona State University-Tempe; University of Texas System; University of Texas Dallas
摘要:Organizations routinely introduce hitherto-unexplored interventions to improve their supply chains. Consider a principal (e.g., a firm) that implements a seemingly helpful intervention: For any fixed actions of the principal and the agents (e.g., consumers), the principal's payoff is higher in the presence of the intervention than in its absence. While one would expect such well-intentioned interventions to benefit the principal, several papers within the operations management (OM) literature ...
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作者:Sudermann-Merx, Nathan; Rebennack, Steffen; Timpe, Christian
作者单位:BASF; Helmholtz Association; Karlsruhe Institute of Technology; BASF
摘要:We present a new crossing number problem, which we refer to as the edge-constrained weighted two-layer crossing number problem (ECW2CN). The ECW2CN arises in layout planning of hose coupling stations at BASF, where the challenge is to find a crossing minimal assignment of tube-connected units to given positions on two opposing layers. This allows the use of robots in an effort to reduce the probability of operational disruptions and to increase human safety. Physical limitations imply maximal ...
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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:Schiffels, Sebastian; Voigt, Guido
作者单位:Technical University of Munich; University of Hamburg
摘要:We study a supply chain setup in which a buyer has private end customer demand information that she can share with the supplier. The demand information is relevant to the supplier's capacity decision. We address the question of whether the supplier benefits from installing nonlinear capacity reservation contracts rather than wholesale price contracts. We contribute to the literature by providing the first internally valid comparison of both contracts with human decision makers. We setup an exp...
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作者:Li, Hongmin; Huh, Woonghee T.; Sampaio, Matheus C.; Keng, Naiping
作者单位:Arizona State University; Arizona State University-Tempe; University of British Columbia; Northwestern University
摘要:We present and solve a joint production and qualification planning problem for a manufacturing environment with high process flexibility. Various factors contribute to the complexity of the problem, one of which is product-machine mapping: Each machine may be qualified to produce multiple products and each product can be produced on multiple machines. To meet a build-plan, the factory needs to not only determine a multi-machine multi-product production schedule that accounts for sequence-depen...