7期

最新文章

• Shelf Life Extending Packaging, Inventory Control and Grocery Retailing AI翻译
  作者：Li, Qing; Yu, Peiwen; Wu, Xiaoli
  作者单位：Hong Kong University of Science & Technology; Fudan University; South China University of Technology
  摘要：Retailers of perishable goods are often faced with the choice between more expensive packaging that can extend shelf life of their products and less expensive packaging that cannot. Different choices will lead to different sales, costs, and waste, and different choices require different inventory control policies. In this paper, we study the coordination of inventory and packaging decisions in a retailing environment. Items in an active package have a longer lifetime than those in a regular pa...
• The Influence of Quality Inspections on the Optimal Safety Stock Level AI翻译
  作者：Sonntag, Danja; Kiesmueller, Gudrun P.
  作者单位：Otto von Guericke University
  摘要：Due to yields of less than 50% during the production of curved glass for the displays on their new cell phone series, Samsung has to deal with higher than expected production costs of several million dollars. Where there is random yield, production costs as well as holding costs can be reduced by introducing quality inspections, in which defective items are discarded before further production. To achieve the greatest cost savings, it is important to determine the optimal number and positions o...
• Pricing Strategies under Behavioral Observational Learning in Social Networks AI翻译
  作者：Qiu, Liangfei; Whinston, Andrew B.
  作者单位：State University System of Florida; University of Florida; University of Texas System; University of Texas Austin
  摘要：The increasing pervasiveness of social networks allows users to share purchase behaviors with their online friends. In this study, we examine optimal pricing strategies of a monopolistic firm using an analytical model that accounts for behavioral observational learning in social networks. We show that a seller could potentially control the information available to future customers and induce behavioral observational learning, using an information-revealing pricing strategy. This result suggest...
• Supply Chain Models with Mutual Commitments and Implications for Social Responsibility AI翻译
  作者：Chen, Jiguang; Hu, Qiying; Song, Jing-Sheng
  作者单位：Shandong University; Fudan University; Duke University
  摘要：In today's increasingly globalized environment, more and more companies recognize the mutual dependence of supply chain partners in value creation. When making business decisions, they take into consideration their partners' bottom line profitability, especially in emerging markets. The question is, is this kind of practice sustainable? This study makes an attempt to formalize this issue by examining a stylized two-party supply chain model in which each player maximizes its own profit while ma...
• Timing the Use of Breast Cancer Risk Information in Biopsy Decision-Making AI翻译
  作者：Ayvaci, Mehmet Ulvi Saygi; Ahsen, Mehmet Eren; Raghunathan, Srinivasan; Gharibi, Zahra
  作者单位：University of Texas System; University of Texas Dallas; International Business Machines (IBM); IBM USA
  摘要：Available clinical evidence is inconclusive on whether radiologists should use the patient risk profile information when interpreting mammograms. On the one hand, risk profile information is informative and can improve radiologists' performance, but on the other hand, it may impair their judgment by introducing biases in mammography interpretation. Therefore, it is important to assess whether and when profile information use translates into improved outcomes. We model the use of profile inform...
• Dynamic Supply Risk Management with Signal-Based Forecast, Multi-Sourcing, and Discretionary Selling AI翻译
  作者：Gao, Long; Yang, Nan; Zhang, Renyu; Luo, Ting
  作者单位：University of California System; University of California Riverside; University of Miami; New York University; NYU Shanghai; California State University System; California State University Fullerton
  摘要：We examine the critical role of advance supply signalssuch as suppliers' financial health and production viabilityin dynamic supply risk management. The firm operates an inventory system with multiple demand classes and multiple suppliers. The sales are discretionary and the suppliers are susceptible to both systematic and operational risks. We develop a hierarchical Markov model that captures the essential features of advance supply signals, and integrate it with procurement and selling decis...
• Risk Mitigation of Production Hedging AI翻译
  作者：Park, John H.; Kazaz, Burak; Webster, Scott
  作者单位：Pepperdine University; Syracuse University; Arizona State University; Arizona State University-Tempe
  摘要：This study examines how a firm can mitigate global economic risk through production hedging, defined as producing less than the total demand. We investigate a firm's production planning, pricing, and financial hedging decisions under exchange rate and demand uncertainty with the objective of maximizing expected profit while complying with a value-at-risk (VaR) constraint that limits the firm's losses in amount and probability. The study makes three contributions. First, we show that production...
• Optimal Retail Return Policies with Wardrobing AI翻译
  作者：Shang, Guangzhi; Ghosh, Bikram P.; Galbreth, Michael R.
  作者单位：State University System of Florida; Florida State University; University of Arizona; University of South Carolina System; University of South Carolina Columbia
  摘要：Many retailers offer refunds to consumers who, after a trial period, return a product that they find does not fit their needs. Some consumers are willing to use this return option opportunistically for short-term consumption rather than its intended purpose of resolving fit uncertainty. Such behavior has been termed wardrobing. Restocking fees (partial refunds) can be used to combat wardrobing. However, there is a trade-off involved, since partial refunds will be viewed negatively by consumers...
• Tractable Consideration Set Structures for Assortment Optimization and Network Revenue Management AI翻译
  作者：Strauss, Arne K.; Talluri, Kalyan
  作者单位：University of Warwick; Imperial College London
  摘要：Discrete-choice models are widely used to model consumer purchase behavior in assortment optimization and revenue management. In many applications, each customer segment is associated with a consideration set that represents the set of products that customers in this segment consider for purchase. The firm has to make a decision on what assortment to offer at each point in time without the ability to identify the customer's segment. A linear program called the Choice-based Deterministic Linear...
• Modeling Strategic Behavior in The Competitive Newsvendor Problem: An Experimental Investigation AI翻译
  作者：Feng, Tianjun; Zhang, Yinghao
  作者单位：Fudan University; University System of Ohio; University of Cincinnati
  摘要：This study experimentally investigates ordering behavior in the competitive newsvendor problem. We consider a duopoly market setting with two identical newsvendors selling the same perishable goods in a common market. Our experimental results show that average observed orders systematically deviate from the Nash equilibrium, and exhibit a similar pull-to-center pattern as in the classic non-competitive newsvendor experiments: average orders fall below the Nash equilibrium in the high-margin co...