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作者：Yin, Zhe; Huang, Tingliang
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; University of Tennessee System; University of Tennessee Knoxville
摘要：Customized mystery bag/box products are examples of a new business model of combining probabilistic selling and customization in practice. We develop an analytical framework to study the economic value of customized mystery bag/box products and explore the interrelationship between probabilistic selling and customization. We define probabilistic selling and customization to be complements (substitutes) as that customization increases (decreases) the value of probabilistic selling. We find that...
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作者：Chen, Ningyuan; Yang, Shuoguang; Zhang, Hailun
作者单位：University of Toronto; Hong Kong University of Science & Technology; The Chinese University of Hong Kong, Shenzhen
摘要：In the multi-armed bandit framework, there are two formulations that are commonly employed to handle time-varying reward distributions: adversarial bandit and nonstationary bandit. Although their oracles, algorithms, and regret analysis differ significantly, we provide a unified formulation in this article that smoothly bridges the two as special cases. The formulation uses an oracle that takes the best action sequences within a switch budget. Depending on the switch budget, it turns into the ...
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作者：Chen, Hongqiao; Chen, Ying-Ju; Li, Yang; Zhang, Xiaoquan (Michael); Zhou, Sean X.
作者单位：Nanjing University; Hong Kong University of Science & Technology; Hong Kong University of Science & Technology; Western University (University of Western Ontario); Chinese University of Hong Kong
摘要：The resale of used products presents the challenge of cannibalization, particularly pronounced in digital goods markets where perfect substitutes are easily replicable. In this article, we assert that, rather than a threat, resale can serve as an effective pricing tool for managing heterogeneous demand. We consider a seller of digital goods/services who offers a contract to a heterogeneous group of customers at a fixed price for a specified amount of usage allowance. Rather than imposing restr...
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作者：Chintapalli, Prashant; Rajaram, Kumar; Verma, Nishant Kumar
作者单位：Western University (University of Western Ontario); University of California System; University of California Los Angeles; Indian Institute of Management (IIM System); Indian Institute of Management Bangalore
摘要：We analyze product reusability, executed through refurbishment, amid supply disruptions. Consumers trade in used units, which can later be refurbished and sold. Using a three-period model, we determine the optimal reusability level, trade-in and refurbishment policies, trade-in fee, and the prices of new and refurbished units. Our analysis provides a useful framework to understand the interaction between a firm's choice of product reusability and the possibility of supply disruptions. First, w...
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作者：Kent, Pettis; Thornton, LaDonna M.; Ekpo, Akon
作者单位：Loyola University Chicago; Auburn University System; Auburn University
摘要：Motivated by a desire to understand who benefits from public-sector supplier diversity, and why, we conducted a comparative case study across six U.S. state-level supplier diversity programs. We collected/analyzed qualitative data via semi-structured interviews with high-level state leaders and collected spending data via 2017-2021 semiannual/annual reports. We found that businesses owned by White women benefit more from supplier diversity programs than those owned by ethnic minorities (Blacks...
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作者：Fan, Xiaoyu; Chen, Boxiao; Olsen, Tava; Qin, Hanzhang; Zhou, Zhengyuan
作者单位：New York University; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; University of Melbourne; National University of Singapore
摘要：We study the sample complexity of offline learning for a class of structured Markov decision processes (MDPs) describing the inventory control system with fixed ordering cost/setup cost, a fundamental problem in supply chains. We find that a naive plug-in sampling-based approach applied to the inventory MDPs leads to strictly lower sample complexity bounds compared to the optimal bounds recently obtained for the general MDPs. More specifically, in the infinite-horizon discounted cost setting, ...
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作者：Niu, Baozhuang; Wang, Lingfeng; Xiao, Guang; Zhang, Nan
作者单位：South China University of Technology; Hong Kong Polytechnic University
摘要：In light of the recent frequency of global emergencies that result in overseas delivery delays and cost surges, many multinational brands consider reshaping their sourcing configurations by incorporating local suppliers that may be of lower quality than globally selected counterparts. In this global context, pre-committed emergency renegotiation clauses have gained recognition as a common practice in international commercial contracts, which enable contractual parties to adjust key terms, such...
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作者：Gu, Xian; Bu, Juan; Li, Krista J.
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要：An important global trend today is the rise of the secondhand market powered by consumers' desire for sustainability and affordability, as well as a surge in the use of digital resale platforms. While marketing research has primarily focused on the success of new product markets, scant research has tried to understand secondhand markets. To advance knowledge in this area, we investigate how product design innovation affects the value of used products in secondhand markets. Specifically, we dev...
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作者：Shi, Yilin; Tang, Christopher S.; Wu, Jing
作者单位：Chinese University of Hong Kong; University of California System; University of California Los Angeles
摘要：Do firms voluntarily disclosing emissions have lower levels of greenhouse gases in their in-house and outsourced operations? We examine this question using Scope 1 and upstream Scope 3 emission data reported by firms or estimated by S&P Trucost from 2002 to 2020. Our empirical results reveal that voluntary disclosing firms tend to have lower levels of internal emissions (i.e., Scope 1 emissions) and yet higher levels of external emissions from upstream suppliers (i.e., estimated upstream Scope...
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作者：Lapierre-Berger, Guillaume; Cohen, Maxime C.; Puyana-Bastin, Juan
作者单位：McGill University
摘要：Peer-to-peer (P2P) platforms facilitate the direct exchange of goods, services, or financial transactions between individuals without the involvement of intermediaries. To maintain trust among their user bases, these platforms must implement stringent access controls to determine which users are eligible to participate in their digital marketplace. We argue that when a platform transitions from private to public ownership, it may be incentivized to strategically lower its access standards and ...
