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作者:Sainathan, Arvind
作者单位:Nanyang Technological University
摘要:I consider pricing and ordering decisions faced by a retailer selling a perishable product with a two-period shelf life over an infinite horizon. In the first period, the product is new; in the next, it becomes old. The new product is perceived by customers to have a higher quality than the old product. Every period, the retailer makes three decisions: prices for the new and old products and how much new product to order. I first show, with some simple cases, that demand uncertainty can make t...
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作者:Liu, Qian; Shum, Stephen
作者单位:Hong Kong University of Science & Technology; Hong Kong University of Science & Technology
摘要:Customers are averse to disappointment that arises when economic outcomes fall short of expectations. In this study, we study a two-period model in which the firm may create rationing in either period. In the anticipation of possible disappointment due to stock-outs, strategic customers decide when to purchase and the firm determines the prices and rationing levels in each period. We explore the impact of disappointment aversion on customers' strategic purchasing behavior and the firm's pricin...
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作者:Huh, Woonghee Tim; Lall, Upmanu
作者单位:University of British Columbia; Columbia University; Columbia University
摘要:The changing climate and concerns over food security are prompting a new look at the supply chain reliability of products derived from agriculture, and the potential role of contract farming as a mechanism to address climate and price risk while contributing toward crop diversification and water use efficiency is also emerging. In this study, the decision problem of a farmer associated with allocating his land among different crops with varying water requirements is considered, given that a su...
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作者:Feng, Qi; Lu, Lauren Xiaoyuan
作者单位:Purdue University System; Purdue University; University of North Carolina; University of North Carolina Chapel Hill
摘要:Despite the spread of cost-driven outsourcing practices, academic research cautions that suppliers' cost advantage may weaken manufacturers' bargaining positions in negotiating outsourcing agreements, thereby hurting their profitability. In this study, we attempt to further understand the strategic impact of low-cost outsourcing on manufacturers' profitability by investigating the contractual form of outsourcing agreements and the industry structure of the upstream supply market. We consider a...
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作者:Osadchiy, Nikolay; Gaur, Vishal; Seshadri, Sridhar
作者单位:Emory University; Cornell University; University of Texas System; University of Texas Austin
摘要:We present a method for forecasting sales using financial market information and test this method on annual data for US public retailers. Our method is motivated by the permanent income hypothesis in economics, which states that the amount of consumer spending and the mix of spending between discretionary and necessity items depend on the returns achieved on equity portfolios held by consumers. Taking as input forecasts from other sources, such as equity analysts or time-series models, we cons...
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作者:Kostamis, Dimitris
作者单位:University of North Carolina; University of North Carolina Chapel Hill
摘要:I consider a channel with one manufacturer selling the same product to two retailers engaged in imperfect competition. The retailers are asymmetric because one has a lower marginal selling cost (or a higher demand potential) than the other. I design the manufacturer's optimal selling mechanism, whereby the manufacturer must offer the same contract options to both retailers. I fully characterize the manufacturer's optimal selling mechanism for varying degrees of retailer asymmetry and competiti...
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作者:Andradottir, Sigrun; Ayhan, Hayriye; Down, Douglas G.
作者单位:University System of Georgia; Georgia Institute of Technology; McMaster University
摘要:A fundamental aspect of designing systems with dedicated servers is identifying and improving the system bottlenecks. We extend the concept of a bottleneck to networks with heterogeneous, flexible servers. In contrast with a network with dedicated servers, the bottlenecks are not a priori obvious, but can be determined by solving a number of linear programming problems. Unlike the dedicated server case, we find that a bottleneck may span several nodes in the network. We then identify some char...
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作者:Arya, Anil; Mittendorf, Brian
作者单位:University System of Ohio; Ohio State University
摘要:Recent years have seen a drastic transformation in the organization of wholesale and retail markets. Where once clear distinctions between wholesale suppliers and retail competitors existed, now an era of blurring boundaries has emerged. This transformation has been marked by the introduction of online channels for suppliers to provide products directly to consumers while, at the same time, traditional retailers too persist. Thus, retailers are both wholesale customers and retail competitors o...
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作者:Shi, Ruixia; Zhang, Jun; Ru, Jun
作者单位:University of Richmond; University of Texas System; University of Texas Dallas; State University of New York (SUNY) System; University at Buffalo, SUNY
摘要:In this study, we use a game-theory-based framework to model power in a supply chain with random and price-dependent demand and examine how power structure and demand models (expected demand and demand shock) affect supply chain members' performance. We demonstrate that whether a firm benefits from its power depends on the expected demand model but not on demand shock model. A firm benefits from its power only for linear but not for constant elasticity expected demand. The impact of power stru...