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作者：Levina, Tatsiana; Levin, Yuri; McGill, Jeff; Nediak, Mikhail
作者单位：Queens University - Canada
摘要：Supplier reluctance to openly advertise highly discounted products on the Internet has stimulated development of opaque name-your-own-price sales channels. Unfortunately (for suppliers), there is significant potential for online consumers to exploit these channels through collaboration in social networks. In this paper, we study three possible forms of consumer collaboration: exchange of bid result information, coordinated bidding, and coordinated bidding with risk pooling. We propose an egali...
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作者：Gupta, Shivam; Chen, Wei; Dawande, Milind; Janakiraman, Ganesh
作者单位：University of Texas System; University of Texas Dallas; University of Kansas
摘要：Descending mechanisms for procurement (or, ascending mechanisms for selling) have been well-recognized for their simplicity from the viewpoint of bidders-they require less bidder sophistication as compared to sealed-bid mechanisms. In this study, we consider procurement under each of two types of constraints: (1) Individual/Group Capacities: limitations on the amounts that can be sourced from individual and/or subsets of suppliers, and (2) Business Rules: lower and upper bounds on the number o...
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作者：Huang, Tingliang; Liu, Qian
作者单位：Boston College; Hong Kong University of Science & Technology
摘要：In retailing industries, such as apparel, sporting goods, customer electronics, and appliances, many firms deploy sophisticated modeling and optimization software to conduct dynamic pricing in response to uncertain and fluctuating market conditions. However, the possibility of markdown pricing creates an incentive for customers to strategize over the timing of their purchases. How should a retailing firm optimally account for customer behavior when making its pricing and stocking/capacity deci...
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作者：[Anonymous]
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作者：Cao, Qingning; Stecke, Kathryn E.; Zhang, Jun
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; University of Texas System; University of Texas Dallas; Fudan University
摘要：A firm's two-product bundling decision is examined when the supply of one product is limited and consumer valuations are normally distSteckeributed. The firm can choose to sell products separately and/or through a bundle. We find that the impact of limited supply on a firm's bundling decision depends on the correlation between the consumer valuations of the two products as well as the symmetry level of the two products in terms of their attractiveness (how much they are valued by consumers). W...
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作者：Ockenfels, Axel; Selten, Reinhard
作者单位：University of Cologne
摘要：Human subjects in the newsvendor game place suboptimal orders: orders are typically between the expected profit-maximizing quantity and mean demand (pull-to-center bias). In previous work, we have shown that impulse balance equilibrium (IBE), which is based on a simple ex post rationality principle along with an equilibrium condition, can predict ordering decisions in the laboratory. In this study, we extend IBE to standing orders and multiple-period feedback and show that it predicts-in line ...
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作者：Geng, Xianjun; Shulman, Jeffrey D.
作者单位：University of Texas System; University of Texas Dallas; University of Washington; University of Washington Seattle
摘要：Firms often cite cost savings as a reason why they charge separately for add-ons. Firms also often face situations where consumers' price sensitivity is correlated with their valuation of add-ons. While cost savings may directly translate into profit gains in some scenarios, this study examines the strategic implications of add-on pricing and is the first to suggest that cost savings from add-on pricing may in fact result in profit loss for firms when consumers are heterogeneous in price sensi...
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作者：Sabouri, Alireza; Shechter, Steven M.; Huh, Woonghee Tim
作者单位：University of Calgary; University of British Columbia
摘要：We consider a stochastically failing component that will be needed at a random future time when an emergency occurs. If the component is not operational at that time, the system incurs a large penalty, which we want to avoid through inspections and replacements. We propose a model and solution algorithm for finding an inspection policy that minimizes the infinite horizon discounted expected penalty, replacement, and inspection costs. We also discuss structural properties of the solution, as we...
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作者：Tang, Christopher S.; Zhang, Kairen; Zhou, Sean X.
作者单位：University of California System; University of California Los Angeles; Chinese University of Hong Kong; Chinese University of Hong Kong
摘要：We examine two time-related incentive project management contracts (C1 and C2 contracts) when the manager conducts a reverse auction. Under the C1 contract, the contractor with the lowest bid price wins; however, the manager imposes a linear and symmetric incentive/disincentive for early/late completion according to a pre-specified due date. Under the C2 contract, the winning contractor has the lowest composite score that is based on the quoted price and the quoted due date; however, in additi...
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作者：Zhu, Yunxia; Kumar, Subodha; Rodriguez-Sanchez, Sara; Sriskandarajah, Chelliah
作者单位：Rider University; Texas A&M University System; Texas A&M University College Station; Mays Business School; Universidad Autonoma de Nuevo Leon
摘要：We study the logistics problem faced by Regional Branches (RBs) of a central bank in managing the currency supply under security concerns. While making banknote supply decisions to Sub-Branches (SBs), the management of RB must achieve two goals simultaneously: (i) guarantee that each SB has sufficient inventories of all denominations of banknotes to satisfy the demands from all commercial banks within its service area, and (ii) control the annual spending on this banknote supply operation. Due...
