3期

最新文章

• Combating Strategic Counterfeiters in Licit and Illicit Supply Chains AI翻译
  作者：Cho, Soo-Haeng; Fang, Xin; Tayur, Sridhar
  作者单位：Carnegie Mellon University; Singapore Management University
  摘要：Counterfeit goods are becoming more sophisticated, from shoes to infant milk powder to aircraft parts, creating problems for consumers, firms, and governments. By comparing two types of counterfeiters-deceptive, so infiltrating a licit (but complicit) distributor, or nondeceptive in an illicit channel-we provide insights into the impact of anticounterfeiting strategies on a brand-name company, a counterfeiter, and consumers. Our analysis highlights that the effectiveness of these strategies de...
• Incentive Contracts in Serial Stochastic Projects AI翻译
  作者：Chen, Tony; Klastorin, Ted; Wagner, Michael R.
  作者单位：University of Washington; University of Washington Seattle
  摘要：In this paper we propose an incentive payment contract for stochastic projects defined by a series of stages or tasks that are outsourced to independent subcontractors. Projects defined by sequentially completed independent stages are common in new product development and other high-risk projects. Our goal is to maximize the client's expected discounted profit. Our proposed contract reflects the convex time-cost trade-off that is well known in the project scheduling literature. We show that th...
• Demand Estimation from Censored Observations with Inventory Record Inaccuracy AI翻译
  作者：Mersereau, Adam J.
  作者单位：University of North Carolina; University of North Carolina Chapel Hill
  摘要：A retailer cannot sell more than it has in stock; therefore, its sales observations are a censored representation of the underlying demand process. When a retailer forecasts demand based on past sales observations, it requires an estimation approach that accounts for this censoring. Several authors have analyzed inventory management with demand learning in environments with censored observations, but the authors assume that inventory levels are known and hence that stockouts are observed. Howe...
• Does Organizational Forgetting Affect Vendor Quality Performance? An Empirical Investigation AI翻译
  作者：Agrawal, Anupam; Muthulingam, Suresh
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
  摘要：The development of organizational knowledge and the depreciation of knowledge within organizations are processes that invariably occur concurrently. In the quality domain, many researchers have examined how the development of organizational knowledge (organizational learning) enhances quality performance. We build on this literature and investigate how the depreciation of organizational knowledge (organizational forgetting) affects quality performance. We analyze information on 2,732 quality i...
• An Information Stock Model of Customer Behavior in Multichannel Customer Support Services AI翻译
  作者：Jerath, Kinshuk; Kumar, Anuj; Netessine, Serguei
  作者单位：Columbia University; INSEAD Business School
  摘要：We develop a model to understand and predict customers' observed multichannel behavior in a customer support setting. Using individual-level data from a U.S.-based health insurance firm, we model a customer's query frequency and choice of using the telephone or web channel for resolving queries as a stochastic function of her latent information stock. The information stock is a function of the customer's information needs (which arise when customers file health insurance claims) and informatio...
• Manufacturing Capacity Decisions with Demand Uncertainty and Tax Cross-Crediting AI翻译
  作者：Xiao, Wenqiang; Hsu, Vernon N.; Hu, Qiaohai (Joice)
  作者单位：New York University; Chinese University of Hong Kong; City University of Hong Kong
  摘要：The U.S. tax law taxes the global income of multinational firms (MNFs) at their home country tax rate. To avoid double taxation, it permits tax cross-crediting. Through this strategy, global firms can use excess foreign tax credits (FTCs), the portion of foreign tax payments that exceed their home country tax liabilities, generated from a subsidiary located in a high-tax country to offset the tax liabilities of their low-tax divisions. This paper studies manufacturing capacity decisions in the...
• Price Commitments with Strategic Consumers: Why It Can Be Optimal to Discount More Frequently ... Than Optimal AI翻译
  作者：Cachon, Gerard P.; Feldman, Pnina
  作者单位：University of Pennsylvania; University of California System; University of California Berkeley
  摘要：In many markets consumers incur search costs, and firms choose a long-run pricing strategy that determines how they respond to market conditions. A pricing strategy may involve commitments to take actions that do not optimize short-term revenue given the information the firm learns about demand. For example, as already suggested in the literature, the firm could commit to a single price no matter whether demand is strong or weak. We introduce a new strategy-charge a high price only if demand i...
• Wine Futures and Advance Selling Under Quality Uncertainty AI翻译
  作者：Noparumpa, Tim; Kazaz, Burak; Webster, Scott
  作者单位：Chulalongkorn University; Syracuse University; Arizona State University; Arizona State University-Tempe
  摘要：This study examines the use of wine futures (i.e., advance selling of wine before it is bottled) as a form of operational flexibility to mitigate quality rating risk. At the end of a harvest season, the winemaker obtains a certain number of barrels of wine that can be produced for a particular vintage. While the wine is aging in the barrel, expert reviewers taste the wine and create a barrel score, indicating the potential quality of the wine and offering clues as to whether, when bottled, it ...
• Merchant Commodity Storage and Term-Structure Model Error AI翻译
  作者：Secomandi, Nicola; Lai, Guoming; Margot, Francois; Scheller-Wolf, Alan; Seppi, Duane J.
  作者单位：Carnegie Mellon University; University of Texas System; University of Texas Austin
  摘要：Merchant operations involves valuing and hedging the cash flows of commodity- and energy-conversion assets as real options based on stochastic models that inevitably embed model error. In this paper we quantify how empirically calibrated model errors concerning the futures term structure affect the valuation and hedging of natural gas storage. We find that even small model errors-on the order of 1%-2% of the empirical futures price variance-can have a disproportionate impact on storage valuati...
• Dynamic Pricing and Inventory Management Under Fluctuating Procurement Costs AI翻译
  作者：Xiao, Guang; Yang, Nan; Zhang, Renyu
  作者单位：Washington University (WUSTL)
  摘要：We consider a periodic review joint pricing and inventory control model in which a firm faces both stochastic demand and fluctuating procurement costs. To address procurement cost fluctuation, the firm adopts a dual-sourcing strategy, under which it procures from a spot market with immediate delivery and through a forward-buying contract with postponed delivery. Our analysis offers the unique insight that a risk-neutral firm may earn higher expected profit under a more volatile procurement cos...