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作者：Hekimoglu, Mert Hakan; Kazaz, Burak
作者单位：Rensselaer Polytechnic Institute; Syracuse University
摘要：Earlier publications indicate that the price of young wines cannot be estimated accurately through weather conditions. Considering that a majority of fine wine is sold in the form of wine futures, even before the wine is bottled, determining realistic prices for these wine futures accurately is one of the most critical decisions. Surveys of leading wine merchants and industry experts exhibit significant departures from the realized market prices. We develop a pricing model for fine wines using...
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作者：Zhou, Weihua; Lin, Tiantian; Cai, Gangshu (George)
作者单位：Zhejiang University; Santa Clara University
摘要：This study investigates manufacturer guarantor financing (MG) and third-party logistics (3PL) guarantor financing (LG) in a four-party supply chain game that features a manufacturer, a 3PL, a capital-constrained retailer, and a bank. The manufacturer or 3PL can act as the guarantor for the retailer who borrows bank credit. Two different leadership structures are investigated, namely, Nash game and manufacturer leadership Stackelberg game, where the manufacturer and 3PL decide simultaneously an...
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作者：Perera, Sandun; Dawande, Milind; Janakiraman, Ganesh; Mookerjee, Vijay
作者单位：Nevada System of Higher Education (NSHE); University of Nevada Reno; University of Texas System; University of Texas Dallas
摘要：Emerging technologies such as drone delivery services enable retailers to cost-effectively offer unprecedented delivery speed and adaptable delivery lead times using dedicated aerial vehicles for individual orders. A natural and important question arises: What is the impact of a drone delivery system (DDS) on a retailer's extant logistics parameters, for example, the number of customer-facing delivery centers (last-mile warehouses) it uses and delivery lead times it offers? On the one hand, th...
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作者：Dayarian, Iman; Savelsbergh, Martin
作者单位：University of Alabama System; University of Alabama Tuscaloosa; University System of Georgia; Georgia Institute of Technology
摘要：Same-day delivery of online orders is becoming an indispensable service for large retailers. We explore an environment in which in-store customers supplement company drivers and deliver online orders on their way home. We consider a highly dynamic and stochastic same-day delivery environment in which online orders as well as in-store customers willing to make deliveries arrive throughout the day. Studying settings in which delivery capacity is uncertain is novel and practically relevant. Our p...
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作者：Gardner, John W.
作者单位：Brigham Young University
摘要：Balancing priorities of production speed and conformance quality is an ongoing challenge in production and operations management. Organizations may emphasize these priorities through various forms of performance feedback. However, the impacts of using feedback to emphasize speed, quality, and quantity remain unclear in production settings. This study employs controlled laboratory experiments to examine the impact of real-time feedback on production quantities, first time yield percentages, and...
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作者：Ma, Buqing; Di, Chenchen; Hsiao, Lu
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; University of Illinois System; University of Illinois Urbana-Champaign; National Chung Hsing University
摘要：This study investigates a firm's return window decision in a distribution channel. Conventional wisdom posits that compared to a centralized channel, a decentralized channel induces worse services (e.g., a shorter return window) because of double marginalization. We build a model consisting of one manufacturer, one retailer, and consumers who are heterogeneous in their willingness-to-pay (WTP) for product quality. Counterintuitively, we find that the return window can be longer in a decentrali...
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作者：Lee, Ho Cheung Brian; Stallaert, Jan; Fan, Ming
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Connecticut; University of Washington; University of Washington Seattle
摘要：Innovative forecasting methods using new data sources have been developed to address various problems in operations management, such as demand, sales, and event forecasts. One of the methods for forecasting events consists of prediction markets where participants can take financial positions that may generate returns depending on whether certain events occur or not. Results in experimental psychology and behavioral economics have shown that individuals, including experts, can be subject to jud...
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作者：Zheng, Quan; Pan, Xiajun Amy; Vakharia, Asoo J.
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; State University System of Florida; University of Florida
摘要：This study is motivated by the ubiquitous practical existence of common retailer distribution channels (e.g., a grocery store offering multiple brands of the same product). Demand interdependence (product substitutability) among various brands is critical and thus we investigate its impact on firms' profits. Using an economic framework with manufacturers operating as Stackelberg leaders, our analysis reveals unique and substantive insights dependent on the underlying market demand structure, a...
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作者：Thurer, Matthias; Fernandes, Nuno O.; Stevenson, Mark
作者单位：Jinan University; Polytechnic Institute of Castelo Branco; Universidade do Minho; Lancaster University
摘要：Material flow control mechanisms determine: (i) whether an order should be released onto the shop floor; and (ii) whether a station should be authorized to produce. Well-known approaches include Kanban, Drum-Buffer-Rope (DBR), Constant Work-in-Process (ConWIP), Paired-cell Overlapping Loops of Cards with Authorization (POLCA), Workload Control (WLC), and Control of Balance by Card Based Navigation (COBACABANA). The literature typically treats these approaches as competing, meaning studies argu...
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作者：Demirezen, Emre M.; Kumar, Subodha; Shetty, Bala
作者单位：State University System of Florida; University of Florida; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：We study a setting where the nature of the collaboration necessitates two partner firms working together, which is often the case in supply chain and information technology (IT) environments. We consider that both firms get ongoing value from the project and the effort levels of both parties are dynamic. In this setting, one of the partners (say, the first partner) decides the terms of the payment it extends to the second partner in order to maximize the value it gets from the collaboration. W...
