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作者:Chen, Li; Hu, Bin
作者单位:Cornell University; University of North Carolina; University of North Carolina Chapel Hill
摘要:In this paper we investigate the effect of offshore supply dependence (OSD) on offshoring-reshoring profit comparisons. We find that OSD hampers a reshoring manufacturer's responsiveness to demand information updates and may significantly affect offshoring-reshoring comparisons, such that reshoring may yield lower profits than offshoring in many cases, including when offshoring has no baseline-cost advantage. We then show that OSD also affects how salient costs such as customs duties and shipp...
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作者:Hekimoglu, Mert Hakan; Kazaz, Burak; Webster, Scott
作者单位:Rensselaer Polytechnic Institute; Syracuse University; Arizona State University; Arizona State University-Tempe
摘要:We examine a risk-averse distributor's decision in selecting between bottled wine and wine futures under weather and market uncertainty. At the beginning of every summer, a fine wine distributor has to choose between purchasing bottled wine made from the harvest collected two years ago and wine futures of wine still aging in the barrel from the previous year's harvest. At the end of the summer, after seeing weather and market fluctuations, the distributor can adjust its allocation by trading f...
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作者:Benjaafar, Saif; Chen, David; Wang, Rowan
作者单位:University of Minnesota System; University of Minnesota Twin Cities; University of Toronto; Singapore Management University
摘要:We consider the problem of managing production in a production-inventory system where a firm is subject to an allowance (a limit) on either the amount of input it can use or the amount of output it can produce over a specified compliance period (in addition to being subject to a constraint on the production capacity). Examples of such settings are numerous and include those where limits are placed on the use of scarce natural resources as input or on the amount of waste or harmful pollution ge...
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作者:Kostami, Vasiliki; Kostamis, Dimitris; Ziya, Serhan
作者单位:University of London; London Business School; University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina; University of North Carolina Chapel Hill
摘要:We study the pricing and capacity allocation problem of a service provider who serves two distinct customer classes. Customers in each class are inherently heterogeneous in their willingness to pay for service, but their utilities are also affected by the presence of other customers in the system. Specifically, customer utilities depend on how many customers are in the system at the time of service as well as who these other customers are. We find that if the service provider can price discrim...
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作者:Peura, Heikki; Yang, S. Alex; Lai, Guoming
作者单位:Imperial College London; University of London; London Business School; University of Texas System; University of Texas Austin
摘要:Trade credit is a widely adopted industry practice. Prior research has focused on how trade credit benefits firms by improving vertical supply chain relationships. This paper offers a novel perspective by examining whether trade credit benefits suppliers through a horizontal channel. Under the classic Bertrand competition framework, we analyze two competing firms' price decisions with and without trade credit. We find that when the firms are financially constrained, trade credit softens horizo...
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作者:Smith, Stephen A.; Agrawal, Narendra
作者单位:Santa Clara University
摘要:We analyze how inventory dependence of demand affects the optimal pricing and distribution of inventory across multiple retail locations. Our problem formulation corresponds to the typical markdown management decisions in a retail chain. The solution methodology determines the optimal combinations of three important operational levers-pricing, inventory allocation, and store consolidation. Inventory dependence causes the optimal price trajectory to decrease over time as the current on-hand inv...
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作者:Jansen, Maria C.; Ozaltin, Osman Y.
作者单位:North Carolina State University
摘要:Inspired by the U.S. influenza vaccine market, we formulate a Cournot competition model with asymmetric firms facing capacity constraints and yield uncertainty. We derive the equilibrium of this model by defining a score that ranks firms based on their capacity, unit production cost, random yield mean, and variance. In particular, we show a threshold structure. Firms that have scores above a threshold produce at full capacity, while other firms produce less than their capacities in the equilib...
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作者:He, Long; Mak, Ho-Yin; Rong, Ying; Shen, Zuo-Jun Max
作者单位:National University of Singapore; University of Oxford; Shanghai Jiao Tong University; University of California System; University of California Berkeley; University of California System; University of California Berkeley
摘要:Emerging collaborative consumption business models have shown promise in terms of both generating business opportunities and enhancing the efficient use of resources. In the transportation domain, car-sharing models are being adopted on a mass scale in major metropolitan areas worldwide. This mode of servicized mobility bridges the resource efficiency of public transit and the flexibility of personal transportation. Beyond the significant potential to reduce car ownership, car sharing shows pr...
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作者:Bellos, Ioannis; Ferguson, Mark; Toktay, L. Beril
作者单位:George Mason University; University of South Carolina System; University of South Carolina Columbia; University System of Georgia; Georgia Institute of Technology
摘要:Several auto manufacturers have recently introduced car sharing programs. Although the structure of most programs is the same, there is no clear dominant strategy for the type of vehicles that should be provided through car sharing. In this paper, we consider an original equipment manufacturer (OEM) that contemplates car sharing and designs its product line by accounting for the trade-off between driving performance and fuel efficiency under CAFE standards. Customers have different valuations ...
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作者:Ha, Albert Y.; Tian, Quan; Tong, Shilu
作者单位:Hong Kong University of Science & Technology; Guangzhou University; The Chinese University of Hong Kong, Shenzhen
摘要:We consider the problem of sharing demand information in two competing supply chains, each consisting of one manufacturer and one retailer. Information sharing allows a manufacturer's wholesale price to respond to demand signal, which benefits the supply chain if the manufacturer is efficient in cost reduction and hurts it otherwise. It also allows a manufacturer's cost reduction level to respond to demand signal, which always benefits the supply chain. A supply chain that engages in informati...