-
作者：Feng, Qi; Shanthikumar, J. George; Xue, Mengying
作者单位：Purdue University System; Purdue University; Chinese Academy of Sciences; University of Science & Technology of China, CAS
摘要：Choice models are widely applied in psychology, economics, transportation, marketing, and operations studies. We review the existing developments on the modeling of consumers' choices, including the attraction model, the utility-based model, the temporal model, and the rank-based model. The relationships among different classes of structural models are established and analyzed. Moreover, an operational data analytics (ODA) framework is presented to estimate the general consumer choice model us...
-
作者：Yuan, Yue; Deily, Mary E.; Yao, Yuliang
作者单位：Lehigh University
摘要：We study consumers' valuation of status signals by estimating their willingness to pay for a luxury item with a quiet vs. a prominent logo. We collected data from two online markets on sales of two luxury handbags that differ principally in the prominence of their logo. We use these data to estimate the premium in consumers' willingness to pay for the handbag with the quiet logo, and to estimate how the condition of the handbag affects that premium. We find consumers are willing to pay a sizea...
-
作者：Srai, Jagjit Singh; Joglekar, Nitin; Tsolakis, Naoum; Kapur, Sandeep
作者单位：University of Cambridge; Boston University; Punjab Agricultural University
摘要：Competing and coexisting policies (CACPs) may arise from the incompatibility of incentives, standards, and regulatory models between a local state and a federal government, or between two government jurisdictions across which supply networks operate. Traditional studies of supply chain dynamics typically explore the impact of policy regimens as standalone instruments. This study explores how the interplay between CACP regimens can affect the supply dynamics between producers, customers, and th...
-
作者：Zaerpour, Farzad; Bijvank, Marco; Ouyang, Huiyin; Sun, Zhankun
作者单位：University of Winnipeg; University of Calgary; University of Hong Kong; City University of Hong Kong
摘要：Emergency department (ED) overcrowding and long patient wait times have become a worldwide problem. We propose a novel approach to assigning physicians to shifts such that ED wait times are reduced without adding new physicians. In particular, we extend the physician rostering problem (PRP) by including heterogeneity among emergency physicians in terms of their productivity (measured by the number of new patients seen in 1 hour) and by considering the stochastic nature of patient arrivals and ...
-
作者：Liu, Zibo; Lin, Zhijie; Zhang, Ying; Tan, Yong
作者单位：University of Washington; University of Washington Seattle; Tsinghua University; University of Auckland
摘要：Prior literature has focused primarily on offline sampling of physical goods and online sampling of information goods, whereas a new form of sampling campaign-physical goods sampling via online channels-receives little attention. Leveraging a rich data set from Taobao, a large e-commerce platform in China, this study strives to understand the mechanisms of physical goods sampling via online channels. Specifically, we investigate (1) how the sampling size (number of free samples provided) acts ...
-
作者：Spiliotopoulou, Eirini; Donohue, Karen; Cagri Gurbuz, Mustafa
作者单位：Tilburg University; University of Minnesota System; University of Minnesota Twin Cities
摘要：We study the impact of three well-known inventory allocation mechanisms, including proportional, linear, and uniform, on the ordering behavior of retailers serviced from a central distribution center. Based on the allocation mechanism, retailers may have an incentive to adjust (either inflate or deflate) their orders to gain a more favorable allocation, a behavior that may reduce allocation efficiency from a system perspective. We find that while all three mechanisms are centrally optimal unde...
-
作者：Akturk, M. Serkan; Ketzenberg, Michael
作者单位：Clemson University; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：We use a proprietary data set from a national US department store chain to investigate the impact of competitor store closures on a major retailer. The transaction level data set includes nearly 80 million transactions, corresponding to $2 billion in sales over a 25-month period. We find that store sales increase with respect to a store's proximity to closed competitor locations. More interestingly, we find that online channel sales also increase in geographic locations where competitors close...
-
作者：Astvansh, Vivek; Jindal, Niket
作者单位：Indiana University System; Indiana University Bloomington; Indiana University System; IU Kelley School of Business; Indiana University Bloomington; Indiana University System; Indiana University Bloomington; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要：With over half a trillion dollars in trade credit flowing between firms in the United States, it is critically important for managers to understand how the trade credit that their firm receives and provides affect its value. Trade credit is a strategic investment in supply chain relationships that allows the recipient to make payment later rather than at the time of the sale. A firm provides trade credit to its downstream business customers and also receives trade credit from its upstream supp...
-
作者：Ba, Sulin; He, Shu; Lee, Shun-Yang
作者单位：University of Connecticut; Northeastern University
摘要：The mobile application (app) market is one of the fastest growing markets in recent years. In this study, we investigate how app adoption changes customers' hotel booking behaviors using a dataset of around 16,000 randomly selected customers' hotel booking and stay information from one of the largest hotel chains in China. Our analyses find that customer purchase frequency and total sales increased after app adoption. Additional investigation shows that customers' search behaviors also evolved...
-
作者：Mayo, Kevin; Ball, George; Mills, Alex
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington; City University of New York (CUNY) System; Baruch College (CUNY)
摘要：Firms dread product recalls. Consequently, firm leaders may take steps to avoid recalls when possible, or to avoid the blame for them when there is someone else to blame. We analyze how the appointment of a new chief executive officer (CEO) for a firm in the consumer product industry influences the hazard of subsequent recalls initiated by that firm. Using 25 years of consumer product industry data, including 125 publicly traded firms that experienced 307 new CEOs and 584 voluntary recalls fro...
