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作者:Zhu, Feng; Liu, Shaoxuan; Wang, Rowan; Wang, Zizhuo
作者单位:Massachusetts Institute of Technology (MIT); Shanghai Jiao Tong University; Shanghai Jiao Tong University; Southern University of Science & Technology; The Chinese University of Hong Kong, Shenzhen
摘要:Problem definition: We consider a revenue management problem that arises from the selling of high-speed train tickets in China. Compared with traditional network revenue management problems, the new feature of our problem is the assign-to-seat restriction. That is, each request, if accepted, must be assigned instantly to a single seat throughout the whole journey, and later adjustment is not allowed. When making decisions, the seller needs to track not only the total seat capacity available, b...
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作者:Wowak, Kaitlin D.; Lalor, John P.; Somanchi, Sriram; Angst, Corey M.
作者单位:University of Notre Dame
摘要:Problem definition: Business analytics (BA) in healthcare research offers numerous valuable insights that can enhance patient care and hospital performance. Consequently, there has been a rapid surge of research in this area. Academic/practical relevance: The objective of this study is to provide a data-driven summary of the extant BA in healthcare literature and a guide for future research. Methodology: Leveraging a topic modeling technique and network analysis, we provide insight into how BA...
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作者:Bassamboo, Achal; Randhawa, Ramandeep; Wu, Chenguang (Allen)
作者单位:Northwestern University; University of Southern California; Hong Kong University of Science & Technology
摘要:Problem definition: We study scheduling multi-class impatient customers in parallel server queueing systems. At the time of arrival, customers are identified as being one of many classes, and the class represents the service and patience time distributions as well as cost characteristics. From the system's perspective, customers of the same class at time of arrival get differentiated on their residual patience time as they wait in queue. We leverage this property and propose two novel and easy...
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作者:Lowrey, John D.; Richards, Timothy J.; Hamilton, Stephen F.
作者单位:Northeastern University; Arizona State University; Arizona State University-Downtown Phoenix; California State University System; California Polytechnic State University San Luis Obispo
摘要:Problem definition: For grocery retailers, managing perishable food that is nearing expiry is a major challenge. Donating food to food banks is socially responsible, as it improves local communities and reduces waste generation. It also diverts food to a secondary, quality-differentiated market. Academic/practical relevance: In this paper, we quantify the economic impacts of this secondary market for food by examining donation and pricing behaviors for competing retailers. Methodology: We use ...
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作者:Vlachy, Jan; Ayer, Turgay; Ayvaci, Mehmet; Raghunathan, Srinivasan
作者单位:University System of Georgia; Georgia Institute of Technology; University of Texas System; University of Texas Dallas
摘要:Problem definition: Under the prevailing fee-for-service (FFS) payments, hospitals receive a fixed payment, whereas physicians receive separate fees for each treatment or procedure performed for a given diagnosis. Under FFS, incentives of hospitals and physicians are misaligned, leading to large inefficiencies. Bundled payments (BP), an alternative to FFS unifying payments to the hospital and physicians, are expected to encourage care coordination and reduce ever increasing healthcare costs. H...
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作者:Choi, Je-ok; Saban, Daniela; Weintraub, Gabriel
作者单位:Stanford University; Stanford University
摘要:Problem definition: We consider the mechanism design problem of finding an optimal pay-as-bid mechanism in which a platform chooses an assortment of suppliers to balance the tradeoff between two objectives: providing enough variety to accommodate heterogeneous buyers, yet at low prices. Academic/practical relevance: Modern buying channels, including e-commerce and public procurement, often consist of a platform that mediates transactions. Frequently, these platforms implement simple and transp...
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作者:Li, Linqiu; Fang, Xin; Lim, Yun Fong
作者单位:Chinese Academy of Sciences; University of Science & Technology of China, CAS; Singapore Management University
摘要:Problem definition: We consider a customer-to-customer (C2C) platform that provides an inspection service. Uncertain about product authenticity, a seller sells a product through the platform. Before purchasing, a buyer obtains a signal of the product authenticity from the product's price set by the seller. The platform's inspection service can detect a counterfeit with a probability. If the product passes the inspection, the platform sends it to the buyer and charges the seller a commission fe...
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作者:Caro, Felipe; Cuenca, Anna Saez de Tejada
作者单位:University of California System; University of California Los Angeles; University of Navarra; IESE Business School
摘要:Problem definition: We study the adherence to the recommendations of a decision support system (DSS) for clearance markdowns at Zara, the Spanish fast fashion retailer. Our focus is on behavioral drivers of the decision to deviate from the recommendation, and the magnitude of the deviation when it occurs. Academic/practical relevance: A major obstacle in the implementation of prescriptive analytics is users' lack of trust in the tool, which leads to status quo bias. Understanding the behaviora...
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作者:Bolandifar, Ehsan; Chen, Zhong; Kouvelis, Panos; Zhou, Weihua
作者单位:Peking University Shenzhen Graduate School (PKU Shenzhen); Peking University; East China Normal University; Washington University (WUSTL); Zhejiang University
摘要:Problem definition: This paper studies an entrepreneur's pricing strategy in a reward-based crowdfunding campaign under asymmetric product quality information. We propose two signaling mechanisms and investigate how entrepreneurs can leverage their pricing strategy to signal a high-quality project. Academic/practical relevance: This problem is relevant to practice, as asymmetric quality information is a significant concern in reward based crowdfunding. High-quality entrepreneurs seek credible ...
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作者:Cui, Yao; Hu, Ming; Liu, Jingchen
作者单位:Cornell University; University of Toronto; Nanjing University
摘要:Problem definition: This paper provides a theoretical investigation into the value and design of a traceability-driven blockchain under different supply chain structures. Methodology/results: We use game theory to study the quality contracting equilibrium between one buyer and two suppliers and identify two fundamental functionalities of a traceability-driven blockchain. In serial supply chains, the ability to trace the sequential production process creates value by mitigating double moral haz...