-
作者:Paul, Alice; Feldman, Jacob; Davis, James Mario
作者单位:Brown University; Washington University (WUSTL); Uber Technologies, Inc.
摘要:We consider assortment and pricing problems when customers purchase products according to a nonparametric choice model. Each customer arrives with a preference list and will purchase the highest-ranking offered product in her preference list. We assume the set of customer classes is derived from paths in a tree, in which the order of nodes visited along each path gives the corresponding preference list. First, we study assortment problems, in which the goal is to find which products to offer t...
-
作者:Chen, Wei; Dawande, Milind; Janakiraman, Ganesh
作者单位:University of Kansas; University of Texas System; University of Texas Dallas
摘要:We consider a firm that solicits bids from a fixed-sized pool of yet-to-be-qualified suppliers for an indivisible contract. The contract can only be awarded to a supplier who passes a multistage qualification process. For each stage of the qualification process, the buyer incurs a fixed testing cost for each supplier she chooses to test. The buyer seeks an optimal mechanism-that is, one that minimizes her total expected cost. Motivated by the buyer's urgency (or the lack of it) of time for com...
-
作者:Wang, Ruxian
作者单位:Johns Hopkins University
摘要:Problem definition: Reference prices arise as price expectations against which consumers evaluate products in their purchase scenarios. We investigate what will happen when prospect theory (e.g., reference prices) meets consumer choice models from the perspectives of both the consumers and the firm. Academic/practical relevance: Consumers see multiple relevant products on a particular purchase occasion and often compare their prices to form the willingness to pay when considering whether to pu...