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作者:Lei, Junfei; Zhang, Fuqiang; Zhang, Renyu; Yu, Yugang
作者单位:INSEAD Business School; Washington University (WUSTL); Chinese University of Hong Kong; Chinese Academy of Sciences; University of Science & Technology of China, CAS
摘要:Problem definition: Inventory commitment and monetary compensation are widely recognized as effective strategies in monopoly settings when customers are concerned about stockouts. To attract more customer traffic, a firm reveals its inventory availability information to customers before the sales season or offers monetary compensation to placate customers if the product is out of stock. This paper investigates these two strategies when retailers compete on both price and inventory availability...
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作者:Li, Yuanchen; Lu, Lauren Xiaoyuan; Lu, Susan Feng
作者单位:Tongji University; Dartmouth College; Purdue University System; Purdue University
摘要:Problem definition: Social media has become an indispensable platform for disseminating quality information to consumers across various service sectors. Recently, it has extended its influence to healthcare services, which traditionally relied on government report cards to disclose standardized quality information to the public. This article explores the impact of social media on consumer demand for healthcare services and compares its effectiveness with government report cards. Methodology/re...
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作者:Chen, Lucy Gongtao; Gu, Weijia; Tang, Qinshen
作者单位:National University of Singapore; Nanyang Technological University
摘要:Problem definition: Strategic inventory refers to the inventory held by firms purely out of strategic considerations other than operational reasons (e.g., economies of scale). In this paper, we investigate the roles of strategic inventory in a system with two parallel supply chains under both full bargaining and partial bargaining, which differ in whether inventory is included in the bargaining terms. Methodology/results: (i) Under full bargaining, horizontal competition can induce an asymmetr...
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作者:Alon, Tzvi; Anily, Shoshana
作者单位:Hebrew University of Jerusalem; Hebrew University of Jerusalem; Tel Aviv University
摘要:Problem definition: We consider the parallel machine scheduling (PMS) under job-splitting game defined by a set of manufacturers where each holds uniform parallel machines and each is committed to produce some jobs submitted to her by her clients while bearing the cost of the sum of completion times of her jobs on her machines. An efficient algorithm for this scheduling problem is well known. We consider the corresponding cooperative game, where the manufacturers are players that want to join ...
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作者:Tulabandhula, Theja; Sinha, Deeksha; Karra, Saketh Reddy; Patidar, Prasoon
作者单位:University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; Massachusetts Institute of Technology (MIT); Carnegie Mellon University
摘要:Problem definition: We study the problem of modeling purchase of multiple products and using it to display optimized recommendations for online retailers and e-commerce platforms. Rich modeling of users and fast computation of optimal products to display given these models can lead to significantly higher revenues and simultaneously enhance the user experience. Methodology/results: We present a parsimonious multi purchase family of choice models called the BundleMVL-K family and develop a bina...
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作者:Guo, Xiaomeng; Jiang, Baojun
作者单位:Hong Kong Polytechnic University; Washington University (WUSTL)
摘要:Problem description: In many markets with demand uncertainties, competing retailers may share inventories for common products that they offer consumers. This paper examines how competitors' product sharing affects their inventory and service-quality decisions. The existing literature has mainly focused on inventory sharing among independent retailers who do not compete with each other. Our research aims to fill the gap in this literature by investigating the tradeoffs of inventory sharing betw...
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作者:Khorasani, Sina; Nittala, Lakshminarayana; V. Krishnan, Vish
作者单位:University System of Ohio; University of Dayton; University of California System; University of California San Diego
摘要:Problem definition: Firms seek to use the contest format to source solutions from a broader network of outside solvers. We study the application of the contest approach in multistage settings and show how and when screening of contestants between stages can produce improved contest outcomes. Methodology/results: We present an application-driven game-theoretic model to capture imperfections in screening using the true-positive rate (sensitivity) and the true-negative rate (specificity). Specifi...
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作者:Lu, Tao; Zheng, Zhichao; Zhong, Yuanguang
作者单位:University of Connecticut; Singapore Management University; South China University of Technology
摘要:Problem definition: With the rapid growth of the gig economy, on-demand staffing platforms have emerged to help companies manage their temporary workforce. This emerging business-to-business context motivates us to study a new form of supply chain coordination problem. We consider a staffing platform managing an on-demand workforce to serve multiple firms facing stochastic labor demand. Before demand realization, each individual firm can hire permanent employees, whereas the platform determine...
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作者:Wang, Xiaoyu; Xu, Fasheng
作者单位:Washington University (WUSTL); Syracuse University
摘要:Problem definition: Smart contract improves the supply chain efficiency by enabling the supplier's commitment to postshipment financing decisions, which mitigates the bank's lending risk exposure and thereby reduces the financing cost. This paper investigates how smart contract adoption could facilitate trade finance activities and create value for supply chain firms. Academic/practical relevance: As the emerging blockchain technology could potentially reshape the trade financing landscape, un...
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作者:Dong, Lingxiu; Qiu, Yunzhe; Xu, Fasheng
作者单位:Washington University (WUSTL); Peking University; Syracuse University
摘要:Problem definition: For many supply chains, deep-tier suppliers, due to their small size and lack of access to capital, are most vulnerable to disruptions. We study the use of advance payment (AP) as a financing instrument in a multitier supply chain to mitigate the supply disruption risk in a traditional system (with limited visibility) and a blockchain-enabled system (with perfect visibility). The main goal of this paper is to shed light on how blockchain adoption impacts agents' operational...