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作者:Harsha, Pavithra; Jagmohan, Ashish; Kalagnanam, Jayant; Quanz, Brian; Singhvi, Divya
作者单位:International Business Machines (IBM); IBM USA; New York University
摘要:Problem definition: In this paper, we present a reinforcement learning (RL)based framework for optimizing long-term discounted reward problems with large combinatorial action space and state dependent constraints. These characteristics are common to many operations management problems, for example, network inventory replenishment, where managers have to deal with uncertain demand, lost sales, and capacity constraints that results in more complex feasible action spaces. Our proposed programmabl...
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作者:Tang, Jingwen; Qi, Zhengling; Fang, Ethan; Shi, Cong
作者单位:University of Miami; George Washington University; Duke University
摘要:Problem definition: We study a feature-based pricing problem with demand censoring in an offline, data-driven setting. In this problem, a firm is endowed with a finite amount of inventory and faces a random demand that is dependent on the offered price and the features (from products, customers, or both). Any unsatisfied demand that exceeds the inventory level is lost and unobservable. The firm does not know the demand function but has access to an offline data set consisting of quadruplets of...
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作者:Ahuja, Vishal; Alan, Yasin; Arikan, Mazhar
作者单位:Southern Methodist University; Vanderbilt University; University of Kansas
摘要:Problem definition: We study the impact of an airline's route-level decisions on the efficiency and resilience of its operations. Methodology/results: Our study uses a proprietary passenger-level data set provided by Southwest Airlines and takes advantage of a regulatory change, the Wright Amendment repeal. The Wright Amendment restricted nonstop service between Dallas Love Field Airport (DAL) and most major destinations. Its repeal led to significant changes in Southwest's service offerings a...
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作者:Fu, Wayne; Shang, Guangzhi; Tong, Xun
作者单位:University of Michigan System; University of Michigan Dearborn; Arizona State University; Arizona State University-Downtown Phoenix; State University System of Florida; Florida State University; University of Groningen
摘要:Problem definition: This paper investigates how a crowdfunding campaign's voluntary disclosure of sensitive cost information affects its funding performance on Kickstarter-a mainstream, primarily reward-based crowdfunding platform. Instead of enhancing a campaign's marketing traits, project budget as a novel information-provision tool reminds the crowd of the behind-the-scenes operations for developing and executing a project. This resembles the radical practice of cost transparency recently o...
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作者:Esenduran, Gokce; Jin, Minyue; Zhou, Yu
作者单位:Purdue University System; Purdue University; Chongqing University; Chongqing University
摘要:Problem definition: In this paper, we compare laissez-faire and mandatory authorization policy regimes for third-party remanufacturing. Under a laissez-faire policy, an independent remanufacturer (IR) chooses whether to get the original equipment manufacturer (OEM) authorization. Under a mandatory authorization policy, the IR is required to get OEM authorization and to pay the OEM a fee for every item remanufactured. Motivated by China's regulatory journey that first mandated authorized remanu...
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作者:Brokesova, Zuzana; Deck, Cary; Peliova, Jana
作者单位:University of Economics Bratislava; University of Alabama System; University of Alabama Tuscaloosa; Chapman University System; Chapman University
摘要:Problem definition: The asymmetric pull-to-center effect for newsvendors is a robust finding in operations, and understanding why newsvendors make suboptimal decisions is key for identifying ways to improve decision-making quality in this critical task. Although prior studies have indicated that experience does not substantially mitigate the pull-to-center effect, the experience levels achieved in those previous studies are limited in comparison with the experience level that a near-continuous...