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作者:Zhang, Fuqiang; Zhang, Renyu
作者单位:Washington University (WUSTL); New York University; NYU Shanghai
摘要:Trade-in remanufacturing is a commonly adopted business practice under which firms collect used products for remanufacturing by allowing repeat customers to trade in used products for upgraded ones at a discount price. This paper studies how customer purchasing behavior and remanufacturing efficiency affect the economic and environmental values of such a business practice. We demonstrate a new benefit of trade-in remanufacturing: it helps exploit the forward-looking behavior of strategic custo...
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作者:Kraft, Tim; Valdes, Leon; Zheng, Yanchong
作者单位:University of Virginia; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Massachusetts Institute of Technology (MIT)
摘要:Consumers increasinglywant to knowmore about where and howthe products they purchase are being made. To create transparency requires a company to both gain visibility into its supply chain and disclose information to consumers. In this paper, we focus on the dimension of visibility and investigate when companies can benefit from greater supply chain visibility. To do so, we design an incentivized human-subject experiment to study two key questions: (i) How does supply chain visibility impact c...
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作者:Alan, Yasin; Gaur, Vishal
作者单位:Vanderbilt University; Cornell University
摘要:Problem definition: Banks commonly use asset-based lending (ABL) to provide loans collateralized by a borrower firm's inventory. We study the implications of ABL by examining how banks should determine asset-based loan terms based on firms' operational characteristics (e.g., inventory salvage value and demand uncertainty) and how firms should make inventory stocking and capital structure decisions under asset-based borrowing constraints. Academic/practical relevance: Despite its widespread use...
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作者:Yu, Jiayi Joey; Tang, Christopher S.; Shen, Zuo-Jun Max
作者单位:Tsinghua University; University of California System; University of California Los Angeles; University of California System; University of California Berkeley; University of California System; University of California Berkeley
摘要:Most consumers in rural areas of many developing countries cannot afford to purchase certain livelihood improvement products such as home appliances. To improve consumer welfare and manufacturer profit, many governments launch different types of subsidy programs that offer subsidies to consumers, manufacturers, or both. Motivated by a subsidy program developed by the Chinese government in 2007, we present a parsimonious model to determine the optimal subsidy program in different settings so as...
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作者:Hu, Bin; Qi, Anyan
作者单位:University of Texas System; University of Texas Dallas
摘要:This paper investigates mechanisms by which a powerful original equipment manufacturers procures multiple inputs for assembly from suppliers with privately informed costs, either simultaneously or sequentially. The optimal mechanisms always lead to matching purchase quantities of the inputs. Thus, quantity-payment contracts that implement the optimal mechanisms are contingent across suppliers (i.e., each supplier's contract terms contain other suppliers' private costs as variables), making the...
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作者:Chu, Leon Yang; Li, Guang; Rusmevichientong, Paat
作者单位:University of Southern California; Queens University - Canada
摘要:Problem definition: This paper investigates firms' optimal operational decisions and after-tax profits with regard to tax deduction for charitable donations. Academic/practical relevance: Motivated by the steady growth in noncash donations from U.S. companies, our work is the first to provide theoretical guidance on operational planning under tax deduction for both precommitted donations and end-of-season donations. Methodology: We analyze the impact of tax deduction for a profit-driven firm u...
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作者:Sun, Xu; Whitt, Ward
作者单位:Columbia University
摘要:We develop new rules for assigning available service representatives to customers in customer contact centers and other large-scale service systems in order to create effective work breaks for the service representatives from naturally available idleness. These are unplanned breaks occurring randomly over time. We consider both announced breaks as well as unannounced breaks. Our goal is to make the mean and variance of the interval between successive breaks suitably small. Given a target break...
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作者:Gallino, Santiago; Moreno, Antonio
作者单位:Dartmouth College; Harvard University
摘要:Online channels generate frictions when selling products with nondigital attributes, such as apparel. Customers may be reluctant to purchase products they have not been able to try on and those customers who do purchase may return products when they do not fit as expected. Virtual fitting-room technologies provide information about how a product fits a particular customer and promise to mitigate some of the frictions the information gap generates in the retailers' supply chains. By implementin...
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作者:Drake, David F.
作者单位:University of Colorado System; University of Colorado Boulder
摘要:Emissions regulation is a policy mechanism intended to address the threat of climate change. However, the stringency of emissions regulation varies across regions, raising concerns over carbon leakage-an outcome where stringent regulation in one region shifts production to regions with weaker regulation. It is believed that such leakage adversely increases global emissions. It is also believed that leakage can be eliminated by carbon tariffs, which are taxes imposed on imported goods so that t...
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作者:Taylor, Terry A.
作者单位:University of California System; University of California Berkeley
摘要:An on-demand service platform connects waiting-time-sensitive customers with independent service providers (agents). This paper examines how two defining features of an on-demand service platform-delay sensitivity and agent independence-impact the platform's optimal per-service price and wage. Delay sensitivity reduces expected utility for customers and agents, which suggests that the platform should respond by decreasing the price (to encourage participation of customers) and increasing the w...