-
作者：Shen, Xiaobei; Yu, Yimin; Song, Jing-Sheng
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; City University of Hong Kong; Duke University
摘要：Problem definition: We study the optimal inventory ordering, expediting, and allocation decisions in a multiechelon supply chain over a finite horizon, in which customer orders are quoted with a fixed fulfillment time window, termed the service time target (STT). Academic/practical relevance: Service time target is commonly used as a marketing strategy to increase customer satisfaction and strengthen firms' competitive edge. However, how to efficiently manage a multistage supply chain to meet ...
-
作者：Chen, David; Tang, Christopher S.; Wang, Huihui; Wang, Rowan; Yu, Yimin
作者单位：The Chinese University of Hong Kong, Shenzhen; University of California System; University of California Los Angeles; Shanghai University; Southern University of Science & Technology; City University of Hong Kong
摘要：Problem definition: When selling multiple products with different feature combinations over a short selling season, a seller often adopts a reactive upgradepolicy by offering a free upgrade to the next-price-level product only after a customer's preferred product is out of stock. However, when customers' preferences are heterogeneous for different feature combinations, some unyielding customers may reject free upgrades. In this paper, we consider a new proactive upgrade policy under which the ...
-
作者：Wu, Chenguang (Allen); Jin, Chen; Chen, Ying-Ju
作者单位：Hong Kong University of Science & Technology; National University of Singapore; Hong Kong University of Science & Technology
摘要：Problem definition: Product bundling has been a pervasive marketing strategy, and its success has been largely attributed to its strength in reducing customers' valuation dispersion. Less is known about the efficacy of bundling in settings where customers are less sure about their valuations for a product, especially when that product is newly launched or has an experience nature, and can conduct costly search to learn the product content and discover their true valuations. In this paper, we i...
-
作者：Chen, Qi (George); Duenyas, Izak; Jasin, Stefanus
作者单位：University of London; London Business School; University of Michigan System; University of Michigan
摘要：Problem definition: We study a multiperiod, nonstationary, make-to-order, joint production and inventory model where two kinds of input raw materials with availability uncertainties and different output conversion rates can be blended and then processed in a production line with stochastic capacity to produce the output product. Academic/practical relevance: The problem is motivated by the practice in coal-fired power plants, an important part of the energy sector, where two types of coal with...
-
作者：Agrawal, Vishal V.; Toktay, L. Beril; Yucel, Safak
作者单位：Georgetown University; University System of Georgia; Georgia Institute of Technology
摘要：Problem definition: Solar power companies have introduced innovative non-ownership business models-leasing and power purchase agreement (PPA)-in addition to sales. Under these models, the company installs solar panels for a customer, who purchases the electricity generated from the panels. Under leasing, a customer pays a fixed fee, whereas under PPA, a customer pays a per-unit price for the electricity generated. The adoption of solar panels is also promoted by investment and generation subsi...
-
作者：Guo, Xiaomeng; Kouvelis, Panos; Turcic, Danko
作者单位：Hong Kong Polytechnic University; Washington University (WUSTL); University of California System; University of California Riverside
摘要：Problem description. We consider a dual channel in which a focal manufacturer (he) sells his output through his online store and an independent brick-and-mortar retailer (she). In this manufacturer-centric dual channel, we study product line, stocking, and pricing decisions in the presence of stochastic demand and inventory constraints. The pricing decisions include choosing whether to give price match guarantees (PMGs), standard in the U.S. retail practice. Methodology/Results. We analyze a g...
-
作者：Tuncel, Ozge; Taneri, Niyazi; Hasija, Sameer
作者单位：Maastricht University; University of Cambridge; INSEAD Business School
摘要：Problem definition: In theory, all coordinating contracts are equivalent; however, the minimum order quantity (MOQ) contract is observed to be more popular in practice. We seek to understand whether decision makers as suppliers can perform better with the MOQ contract and, if so, why. We also study whether MOQ is indeed the preferred contract when subjects are allowed to choose among coordinating contracts. Academic/practical relevance: The behavioral operations management literature has estab...
-
作者：Chung, Hakjin; Ahn, Hyun-Soo; Chun, So Yeon
作者单位：Korea Advanced Institute of Science & Technology (KAIST); University of Michigan System; University of Michigan; INSEAD Business School
摘要：Problem definition: Reward points function as a new currency that consumers can spend on products and services. We study how point redemption affects the seller's day-to-day pricing and inventory decisions. Academic/practical relevance: Despite widespread use of point redemption, little has been done on its implication on the seller's operational decisions. This paper extends the revenue management literature to incorporate the impact of point redemption and provides managerial insights on how...
-
作者：Fu, Wayne; Atasu, Atalay; Tereyagoglu, Necati
作者单位：University of Michigan System; University of Michigan; INSEAD Business School; University of South Carolina System; University of South Carolina Columbia
摘要：Problem definition: Inspired by variations in warranty length specifications in the U.S. automotive industry, we study how a durable good producer's product warranty length choice relates to its product reliability. We introduce a producer's secondary market interference (e.g., buyback of used products) as a possible driver for such variations observed in practice. Methodology/results: Using an analytical model of a monopolist finitely durable good producer, we first study the interaction betw...
-
作者：Wuttke, David; Upadhyay, Ankit; Siemsen, Enno; Wuttke-Linnemann, Alexandra
作者单位：Technical University of Munich; University of Wisconsin System; University of Wisconsin Madison
摘要：Problem definition: Firms increasingly use augmented reality (AR) devices to improve their production ramp-up processes. These devices appear useful, yet little is known about their broader impact on worker productivity and behavior. Academic/practical relevance: Efficient production ramp-ups are particularly important when product life cycles are short. An ongoing debate among academics and practitioners pertains to how Industry 4.0, and AR devices in particular, can accelerate the ramp-up. T...
