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作者:Lo, Venus; Topaloglu, Huseyin
作者单位:City University of Hong Kong
摘要:Problem definition: We consider the assortment optimization problem of a retailer that operates a physical store and an online store. The products that can be offered are described by their features. Customers purchase among the products that are offered in their preferred store. However, customers who purchase from the online store can first test out products offered in the physical store. These customers revise their preferences for online products based on the features that are shared with ...
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作者:Ke, Chenxu; Wang, Ruxian
作者单位:Nanjing University; Johns Hopkins University
摘要:Problem definition: This paper studies pricing and assortment management for cross-category products, a common practice in brick-and-mortar retailing and e-tailing. Academic/practical relevance: We investigate the complementarity effects between the main products and the secondary products, in addition to the substitution effects for products in the same category. Methodology: In this paper, we develop a multistage sequential choice model, under which a consumer first chooses a main product an...
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作者:Chen, Shi; Lei, Junfei; Moinzadeh, Kamran
作者单位:University of Washington; University of Washington Seattle
摘要:Problem definition: We study a two-stage supply chain, where the supplier procures a key component to manufacture a product and the buyer orders from the supplier to meet a price-sensitive demand. As the input price is volatile, the two parties enter into either a standard contract, where the buyer orders just before the supplier starts production, or a time-flexible contract, where the buyer can lock a wholesale price in advance. Moreover, we consider three selling-price schemes: Market Drive...
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作者:Levi, Retsef; Singhvi, Somya; Zheng, Yanchong
作者单位:Massachusetts Institute of Technology (MIT); University of Southern California
摘要:Problem definition: Price surge of essential commodities despite inventory availability, due to artificial shortage, presents a serious threat to food security in many countries. To protect consumers' welfare, governments intervene reactively with either (i) cash subsidy, to increase consumers' purchasing power by directly transferring cash; or (ii) supply allocation, to increase product availability by importing the commodity from foreign markets and selling it at subsidized rates. Academic/p...
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作者:Barnhart, Cynthia; Bertsimas, Dimitris; Delarue, Arthur; Yan, Julia
作者单位:Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
摘要:Problem definition: Physical distancing requirements during the COVID-19 pandemic have dramatically reduced the effective capacity of university campuses. Under these conditions, we examine how to make the most of newly scarce resources in the related problems of curriculum planning and course timetabling. Academic/practical relevance: We propose a unified model for university course scheduling problems under a two-stage framework and draw parallels between component problems while showing how...
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作者:Singh, Narendra; Ramachandran, Karthik; Subramanian, Ravi
作者单位:Nazarbayev University; University System of Georgia; Georgia Institute of Technology
摘要:Problem definition: An increased incidence of quality issues, resulting in defective product returns (DPRs), is a concern for firms bringing innovative products to market. Although a firm can recover value from DPRs through refurbishing, consumers are known to act strategically in anticipation of the future availability of refurbished units. We study a firm's strategy for offering a new product and refurbished DPRs to strategic consumers across time. Academic/practical relevance: Aided by emer...
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作者:Shang, Weixin; Cai, Gangshu (George)
作者单位:Lingnan University; Santa Clara University
摘要:Problem definition: Few papers have explored the impact of price matching negotiation (PM), in which a channel matches its price with the resulting wholesale price bargained by another channel, on firms' performances, consumer welfare, and social welfare, with and without supply chain coordination. Academic/practical relevance: Negotiation has been widely seen in determining both uniform and discriminatory wholesale prices, which affect outcomes of competitive supply chain practices. Methodolo...
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作者:Zhang, Huanan; Jasin, Stefanus
作者单位:University of Colorado System; University of Colorado Boulder; University of Michigan System; University of Michigan
摘要:Problem definition: We consider the problem of joint learning and optimization of cyclic pricing policies in the presence of patient customers. In our problem, some customers are patient, and they are willing to wait in the system for several periods to make a purchase until the price is lower than their valuation. The seller does not know the joint distribution of customers' valuation and patience level a priori and can only learn this from the realized total sales in every period. Academic/p...
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作者:Li, Yao; Lu, Lauren Xiaoyuan; Lu, Susan Feng; Chen, Jian
作者单位:Southern University of Science & Technology; Tsinghua University; Dartmouth College; Purdue University System; Purdue University
摘要:Problem definition: Health information technology (HIT) interoperability refers to the ability of different electronic health record systems and software applications to communicate, exchange data, and use the information that has been exchanged. The U.S. Government has invested heavily to promote HIT interoperability in recent years in an attempt to improve patient outcomes and control healthcare expenditure. This study empirically assesses the value of HIT interoperability in the interhospit...
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作者:Chen, Xirong; Li, Zheng; Ming, Liu; Zhu, Weiming
作者单位:University of International Business & Economics; North Carolina State University; The Chinese University of Hong Kong, Shenzhen; University of Navarra; IESE Business School
摘要:Problem definition: We study a ridesharing platform's optimal bonus-setting decisions for capacity and profit maximization problems in which drivers set daily income targets. Academic and Practical Relevance: Sharing-economy companies have been providing monetary rewards to incentivize self-scheduled drivers to work longer. We study the effectiveness of the monetary bonus scheme in the context of the ridesharing industry, where the drivers are highly heterogeneous and set income targets. Metho...