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作者：Kim, BD; Shi, MZ; Srinivasan, K
作者单位：Seoul National University (SNU); University of Toronto; Carnegie Mellon University
摘要：Rewarding customers with own products or services has become an increasingly popular practice across a spectrum of industries such as airlines, hotels, and telecommunication. In these service industries, firms face demand uncertainty and strict short-term capacity constraint. When the market demand is low, firms hold excess capacities that would lead to intense price competition. In this paper we study the adoption and design of reward programs in the context of capacity management. We demonst...
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作者：Andersen, L; Broadie, M
作者单位：Columbia University
摘要：This paper describes a practical algorithm based on Monte Carlo simulation for the pricing of multidimensional American (i.e., continuously exercisable) and Bermudan (i.e., discretely exercisable) options. The method generates both lower and upper bounds for the Bermudan option price and hence gives valid confidence intervals for the true value. Lower bounds can be generated using any number of primal algorithms. Upper bounds are generated using a new Monte Carlo a ialgorithm based on the dual...
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作者：Kou, SG; Wang, H
作者单位：Columbia University; Brown University
摘要：Analytical tractability is one of the challenges faced by many alternative models that try to generalize the Black-Scholes option pricing model to incorporate more empirical features. The aim of this paper is to extend the analytical tractability of the Black-Scholes model to alternative models with jumps. We demonstrate that a double exponential jump diffusion model can lead to an analytic approximation for finite-horizon American options (by extending the Barone-Adesi and Whaley method) and ...
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作者：Tang, CS; Rajaram, K; Alptekinoglu, A; Ou, JH
作者单位：University of California System; University of California Los Angeles; National University of Singapore
摘要：Consider a retailer who sells perishable seasonal products with uncertain demand. Due to the short sales season and long replenishment lead times associated with such products, the retailer is unable to update demand forecasts by using actual sales data generated from the early part of the season and to respond by replenishing stocks during the season. To overcome this limitation, we examine the case in which the retailer develops a program called the advance booking discount (ABD) program tha...
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作者：de Boer, PT; Kroese, DP; Rubinstein, RY
作者单位：University of Twente; University of Queensland; Technion Israel Institute of Technology
摘要：In this paper, we propose a fast adaptive importance sampling method for the efficient simulation of buffer overflow probabilities in queueing networks. The method comprises three stages. First, we estimate the minimum cross-entropy tilting parameter for a small buffer level; next, we use this as a starting value for the estimation of the optimal tilting parameter for the actual (large) buffer level. Finally, the tilting parameter just found is used to estimate the overflow probability of inte...
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作者：Talluri, K; van Ryzin, G
作者单位：Pompeu Fabra University; Columbia University
摘要：Customer choice behavior, such as buy-up and buy-down, is an important phenomenon in a wide range of revenue management contexts. Yet most revenue management methodologies ignore this phenomenon - or at best approximate it in a heuristic way. In this paper, we provide an exact and quite general analysis of this problem. Specifically, we analyze a single-leg reserve management problem in which the buyers' choice behavior is modeled explicitly. The choice model is very general, simply specifying...
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作者：Mishra, BK; Raghunathan, S
作者单位：University of Texas System; University of Texas Dallas
摘要：Vendor-managed inventory (VMI) is emerging as a significant development in the recent trend towards collaboration and information sharing in supply chain management. Transfer of inventory monitoring and other overhead costs to manufacturers and continuous replenishment of retailer inventory are commonly cited as potential benefits that VMI offers to retailers. We provide a new explanation in this paper for why retailers might be interested in VMI. We show that VMl intensifies the competition b...
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作者：Carrillo, JE; Gaimon, C
作者单位：State University System of Florida; University of Florida; University System of Georgia; Georgia Institute of Technology
摘要：A firm's ability to manage its knowledge-based resource capabilities has become increasingly important as a result of performance threats triggered by technology change and intense competition. At the manufacturing plant level, we focus on three repositories of knowledge that drive performance. First, the physical production or information systems represent knowledge embedded in the plant's technical systems. Second, the plant's workforce has knowledge, including diverse scientific information...
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作者：Stern, S
作者单位：Northwestern University; National Bureau of Economic Research
摘要：his paper explores the relationship between wages and the scientific orientation of R&D organizations. Firms that adopt a science-oriented research approach (i.e., science) allow their researchers to pursue and publish an individual research agenda. The adoption of science may be associated with a taste for science on the part of researchers (a preference effect) and/or as a ticket of admission to gain earlier access to scientific discoveries with commercial application (a productivity effect)...
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作者：Steckel, JH; Gupta, S; Banerji, A
作者单位：New York University
摘要：Using a simulated supply chain experiment based on the well-known beer game, we examine how changes in order and delivery cycles, availability of shared point-of-sale (POS) information, and the pattern of customer demand affect supply chain efficiency. We find that speeding up cycle time is beneficial, but the sharing of POS information is not necessarily so. Whether or not the sharing of POS information is beneficial depends on the nature of the demand pattern represented by the POS informati...
