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作者:Shao, Jing; Krishnan, Harish; McCormick, S. Thomas
作者单位:University of International Business & Economics; University of British Columbia
摘要:Gray markets are unauthorized channels that distribute a branded product without the manufacturer's permission. Since gray markets are not officially sanctioned by the manufacturer, their existence is assumed to hurt the manufacturer. Yet manufacturers sometimes tolerate or even encourage gray market activities. We investigate the incentives of a manufacturer and its authorized retailer to engage in (or tolerate) gray markets. The firms need to consider the trade-off between the positive effec...
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作者:Gencosman, Burcu Caglar; Begen, Mehmet A.; Ozmutlu, Huseyin Cenk; Yilmaz, Imren Ozturk
作者单位:Uludag University; Western University (University of Western Ontario)
摘要:We consider scheduling issues at Beycelik, a Turkish automotive stamping company that uses presses to give shape to metal sheets in order to produce auto parts. The problem concerns the minimization of the total completion time of job orders (i.e., makespan) during a planning horizon. This problem may be classified as a combined generalized flowshop and flexible flowshop problem with special characteristics. We show that the Stamping Scheduling Problem is NP-Hard. We develop an integer program...
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作者:He, Yuhong; Ray, Saibal; Yin, Shuya
作者单位:California State University System; California State University Fullerton; McGill University; University of California System; University of California Irvine
摘要:Firms producing complementary goods often strategically form groups and jointly sell their products to better coordinate their decisions. For consumer durables, decisions about such collaboration might be complicated due to two factors. Because of their durability and presence of used goods markets, such products engender future price competition between new and used goods. On the other hand, consumers of such products might be forward-looking and patient, both of which affect their purchasing...
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作者:Jia, Justin; Xu, Susan H.; Guide, V. Daniel R., Jr.
作者单位:Purdue University System; Purdue University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要:The management of remanufacturing inventory system is often challenged by mismatched supply (i.e., returned units, called cores) and demand. Typically, the demand for remanufactured units is high and exceeds the supply early in a product's lifetime, and drops below the supply late in the lifetime. This supply-demand imbalance motivates us to study a switching strategy to facilitate the decision-making process. This strategy deploys a push mode at the early stage of a product's lifetime, which ...
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作者:Yoon, Dae-Hee
作者单位:Yonsei University
摘要:It is conventional wisdom that a manufacturer's encroachment into retail space will likely hurt an existing retailer. In contrast to this conventional belief, current research indicates that a retailer may welcome a manufacturer's encroachment despite the new competition in the final market. The encroachment may help the manufacturer have some skin in the game at the retail level, which will cause the manufacturer to make a selfish cost-reducing investment that spills over to the retailer as a...
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作者:McCaffrey, David; Walczak, Darius
摘要:We consider a revenue management problem involving a two compartment aircraft flying a single leg, with no cancellations or over-booking. We apply the practice of transforming a choice revenue management model into an independent demand model. Within this assumed independent model, there are two sets of demands, business and economy, each with multiple fare class products. A business passenger can only be accepted into business. An economy passenger can be accepted into economy or upgraded int...
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作者:Gupta, Varun; Cakanyildirim, Metin
作者单位:Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; University of Texas System; University of Texas Dallas
摘要:Willingness To Pay (WTP) of customers plays an anchoring role in pricing. This study proposes a new choice model based on WTP, incorporating sequential decision making, where the products with positive utility of purchase are considered in the order of customer preference. We compare WTP-choice model with the commonly used (multinomial) Logit model with respect to the underlying choice process, information requirement, and independence of irrelevant alternatives. Using WTP-choice model, we fin...
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作者:Li, Xin; Guo, Pengfei; Lian, Zhaotong
作者单位:Macau University of Science & Technology; Hong Kong Polytechnic University; University of Macau
摘要:We consider a system in which two competing servers provide customer-intensive services and the service reward is affected by the length of service time. The customers are boundedly rational and choose their service providers according to a logit model. We demonstrate that the service provider revenue function is unimodal in the service rate, its decision variable, and show that the service rate competition has a unique and stable equilibrium. We then study the price decision under three scena...
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作者:Oh, Sechan; Ozer, Ozalp
作者单位:International Business Machines (IBM); IBM USA; University of Texas System; University of Texas Dallas
摘要:This paper studies a stochastic model of optimal stopping processes, which arise frequently in operational problems (e.g., when a manager needs to determine an optimal epoch to stop a process). For such problems, we propose an effective method of characterizing the structure of the optimal stopping policy for the class of discrete-time optimal stopping problems. Using this method, we also derive a set of metatheorems that can help identify when a threshold or control-band type stopping policy ...
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作者:Letizia, Paolo; Hendrikse, George
作者单位:University of Tennessee System; University of Tennessee Knoxville; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要:Downstream firms increasingly recognize the importance of integrating social and environmental concerns with their businesses. As a consequence, they urge to create incentives for their suppliers to invest in corporate social responsibility (CSR) activities. Contracts to provide these incentives are rarely observed in practice. If not totally absent, contracts may be incomplete, in that unforeseen contingencies or some CSR attributes that are difficult to measure may not be included in the con...