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作者:Jasin, Stefanus; Lyu, Chengyi; Najafi, Sajjad; Zhang, Huanan
作者单位:University of Michigan System; University of Michigan; University of Colorado System; University of Colorado Boulder; Hautes Etudes Commerciales (HEC) Paris
摘要:Problem definition: Assortment selection is one of the most important decisions faced by retailers. Most existing papers in the literature assume that customers select at most one item out of the offered assortment. Although this is valid in some cases, it contradicts practical observations in many shopping experiences, both in online and brick-and mortar retail, where customers may buy a basket of products instead of a single item. In this paper, we incorporate customers' multi-item purchase ...
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作者:Garcia, Gian-Gabriel P.; Steimle, Lauren N.; Marrero, Wesley J.; Sussman, Jeremy B.
作者单位:University System of Georgia; Georgia Institute of Technology; Dartmouth College; University of Michigan System; University of Michigan
摘要:Problem definition: Effective hypertension management is critical to reducing the consequences of atherosclerotic cardiovascular disease, a leading cause of death in the United States. Clinical guidelines for hypertension can be enhanced using decision-analytic approaches capable of capturing complexities in treatment planning. However, model generated recommendations may be uninterpretable/unintuitive, limiting their clinical acceptability. We address this challenge by investigating interpret...
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作者:Lyu, Guodong; Cheung, Wang Chi; Teo, Chung-Piaw; Wang, Hai
作者单位:Hong Kong University of Science & Technology; National University of Singapore; National University of Singapore; National University of Singapore; Singapore Management University
摘要:Problem definition: The job of any marketplace is to facilitate the matching of supply with demand in real time. Success is often measured using various metrics. The challenge is to design matching algorithms to balance the tradeoffs among multiple objectives in a stochastic environment, to arrive at a compromise solution, which minimizes say the lp-norm-based distance function between the attained performance metrics and the target performances. Methodology/results: We observe that the sample...
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作者:Chen, Shouchang; Yan, Zhenzhen; Lim, Yun Fong
作者单位:Zhejiang University; Nanyang Technological University; Singapore Management University
摘要:Problem definition: A significant percentage of online consumers place consecutive orders within a short duration. To reduce the total order arrangement cost, an online retailer may consolidate consecutive orders from the same consumer. We investigate how long the retailer should hold the consumer's orders before sending them to a third-party logistics provider (3PL) for processing. In this order-holding problem, we optimize the holding time to balance the total order arrangement cost and the ...
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作者:Jiang, Hansheng; Cao, Junyu; Shen, Zuo-Jun Max
作者单位:University of California System; University of California Berkeley; University of Texas System; University of Texas Austin; University of Hong Kong; University of Hong Kong
摘要:Problem definition: We consider intertemporal pricing in the presence of reference effects and consumer heterogeneity. Our research question encompasses how to estimate heterogeneous consumer reference effects from data and how to efficiently compute the optimal pricing policy. Academic/practical relevance: Understanding reference effects is essential for designing pricing policies in modern retailing. Our work contributes to this area by incorporating consumer heterogeneity under arbitrary di...
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作者:Pauphilet, Jean
摘要:Problem definition: Mining for heterogeneous responses to an intervention is a crucial step for data-driven operations, for instance, to personalize treatment or pricing. We investigate how to estimate price sensitivity from transaction-level data. In causal inference terms, we estimate heterogeneous treatment effects when (a) the response to treatment (here, whether a customer buys a product) is binary, and (b) treatment assignments are partially observed (here, full information is only avail...
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作者:Guo, Xiaolong; Yu, Yugang; Allon, Gad; Wang, Meiyan; Zhang, Zhentai
作者单位:Chinese Academy of Sciences; University of Science & Technology of China, CAS; University of Pennsylvania; Haier
摘要:To support the 2021 Manufacturing & Service Operations Management (MSOM) Data-Driven Research Challenge, RiRiShun Logistics (a Haier group subsidiary focusing on logistics service for home appliances) provides MSOM members with logistics operational-level data for data-driven research. This paper provides a detailed description of the data associated with over 14 million orders from 149 clients (the consigners) associated with 4.2 million end consumers (the recipients and end users of the appl...
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作者:Shen, Max; Tang, Christopher S.; Wu, Di; Yuan, Rong; Zhou, Wei
作者单位:University of California System; University of California Berkeley; University of California System; University of California Los Angeles
摘要:To support the 2020 MSOM Data Driven Research Challenge, JD.com, China's largest retailer, offers transaction-level data to MSOM members for conducting data-driven research. This article describes the transactional data associated with over 2.5 million customers (457,298 made purchases) and 31,868 stock keeping units (SKUs) over the month of March in 2018. We also present potential research questions suggested JD.com. Researchers are welcome to develop econometric models or data-driven models ...