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作者:Deng, Shiming; Yano, Candace Arai
作者单位:Huazhong University of Science & Technology; University of California System; University of California Berkeley; University of California System; University of California Berkeley
摘要:Managers at all stages of a supply chain are concerned about meeting profit targets. We study contract design for a buyer-supplier supply chain, with each party maximizing expected profit subject to a chance constraint on meeting his respective profit target. We derive the optimal contract form (across all contract types) with randomized and deterministic payments. The best contract has the property that, if the chance constraints are binding, at most one party fails to satisfy his profit targ...
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作者:Drake, David F.; Kleindorfer, Paul R.; Van Wassenhove, Luk N.
作者单位:Harvard University; INSEAD Business School
摘要:We study the impact of emissions tax and emissions cap-and-trade regulation on a firm's technology choice and capacity decisions. We show that emissions price uncertainty under cap-and-trade results in greater expected profit than a constant emissions price under an emissions tax, which contradicts popular arguments that the greater uncertainty under cap-and-trade will erode value. We further show that two operational drivers underlie this result: (i) the firm's option not to operate, which ef...
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作者:Papier, Felix
作者单位:ESSEC Business School
摘要:In this article, we study the control of stochastic make-to-stock manufacturing lines in the presence of electricity costs. Electricity costs are difficult to manage because unit costs increase with the total load, that is, the amount of electricity needed by the manufacturing line at a certain point in time. We demonstrate that standard methods for controlling manufacturing lines cannot be used and that standard analytic results for stochastic manufacturing lines do not hold in the presence o...
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作者:Gavirneni, Srinagesh; Kulkarni, Vidyadhar G.
作者单位:Cornell University; University of North Carolina; University of North Carolina Chapel Hill
摘要:Service providers, in the presence of congestion and heterogeneity of customer waiting costs, often introduce a fee-based premier option using which the customers self-segment themselves. Examples of this practice are found in health care, amusement parks, government (consular services), and transportation. Using a single-server queuing system with customer waiting costs modeled as a Burr Distribution, we perform a detailed analysis to (i) determine the conditions (fees, cost structure, etc.) ...
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作者:Xu, He; Yao, David D.; Zheng, Shaohui
作者单位:Huazhong University of Science & Technology; Columbia University; Hong Kong University of Science & Technology
摘要:We study a two-product inventory model that allows substitution. Both products can be used to supply demand over a selling season of N periods, with a one-time replenishment opportunity at the beginning of the season. A substitution could be offered even when the demanded product is available. The substitution rule is flexible in the sense that the seller can choose whether or not to offer substitution and at what price or discount level, and the customer may or may not accept the offer, with ...
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作者:Zepeda, E. David; Sinha, Kingshuk K.
作者单位:Northeastern University; University of Minnesota System; University of Minnesota Twin Cities
摘要:A criticism of behavioral health care delivery is that it has largely missed the social determinants of behavioral health disorders and their diagnosis. Toward addressing this criticism, this study evaluates the delivery of behavioral health care as a part of primary care operations. Focusing on the treatment of depression, the study results show that: (i) primary care clinics operating in communities with superior social environment characteristics are associated with improved depression outc...
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作者:Luo, Lan; Sun, Jiong
作者单位:University of Southern California; Purdue University System; Purdue University
摘要:In recent years, an increasing number of brick-and-mortar retailers have entered into the new brick-and-click era. Within this context, when a manufacturer presents a new product offering to a retailer, the ultimate decision is often made by the retailer regarding (1) whether to carry the new product, and (2) the channel outlet the product will be carried in (i.e., in-store only, online-exclusive, or brick-and-click). In response to this trend, we examine how a manufacturer may use product des...
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作者:Hua, Zhongsheng; Chen, Wuhua; Zhang, Zhe George
作者单位:Chinese Academy of Sciences; University of Science & Technology of China, CAS; Zhejiang University; Chinese Academy of Sciences; University of Science & Technology of China, CAS; Western Washington University; Simon Fraser University
摘要:As a result of government budgetary limits and rapid market growth, many public service systemssuch as health careare characterized by extensive customer wait times that have become a serious problem. This problem might be solved by allowing private firms to enter these markets, which would provide customers with a choice between a free (governmental) public service provider (SP) and a fee-charging (or toll) private SP. In such a two-tier service system, the two SPs are differentiated by servi...
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作者:Chen, Hao-Wei; Gupta, Diwakar; Gurnani, Haresh; Janakiraman, Ganesh
作者单位:California State University System; San Jose State University; University of Minnesota System; University of Minnesota Twin Cities; Wake Forest University; University of Texas System; University of Texas Dallas
摘要:We present a multiperiod model of a retail supply chain, consisting of a single supplier and a single retailer, in which regular replenishment occurs periodically but players have the option to support fast delivery when customers experience a stockout during a replenishment period. Because expedited shipments increase the supplier's transportation cost, and possibly production/inventory costs, the supplier typically charges a markup over and above the prevailing wholesale price for fast-shipp...
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作者:Lu, Ye; Song, Miao; Yang, Yi
作者单位:City University of Hong Kong; Hong Kong Polytechnic University; Zhejiang University
摘要:In retailing operations, retailers face the challenge of incomplete demand information. We develop a new concept named K-approximate convexity, which is shown to be a generalization of K-convexity, to address this challenge. This idea is applied to obtain a base-stock list-price policy for the joint inventory and pricing control problem with incomplete demand information and even non-concave revenue function. A worst-case performance bound of the policy is established. In a numerical study whe...