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作者：Gupta, Diwakar; Mehrotra, Mili; Tang, Xiaoxu
作者单位：University of Texas System; University of Texas Austin; University of Illinois System; University of Illinois Urbana-Champaign; Wells Fargo Company
摘要：The Centers for Medicare and Medicaid Services (CMS) has introduced several Episode-based Payment Models. Episodes are combinations of pre-acute, acute, and post-acute services for particular medical conditions. During the year, CMS pays hospitals according to historical norms. At the end of the year, these payments are reconciled against a target price, resulting in either a gain or a loss for the hospital. The hospital may also realize gains or losses from its internal operations. It may inc...
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作者：Xie, Yangyang; Xie, Lei; Lu, Meng; Yan, Houmin
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; Shanghai University of Finance & Economics; City University of Hong Kong
摘要：In this study, as an alternative to the surplus utility, we propose a performance-price-ratio (PPR) utility and specialize the customer choice model with a PPR maximization criterion. With the PPR-based choice model, we investigate a pricing game between retailers in a competitive market. Through transferring the decision variable from price to performance-price ratio, the first-order condition of the game becomes a linear equation system, which enables us to develop a closed-form equilibrium ...
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作者：Sahinyazan, Feyza G.; Rancourt, Marie-Eve; Verter, Vedat
作者单位：Simon Fraser University; Universite de Montreal; HEC Montreal; Michigan State University; Michigan State University's Broad College of Business
摘要：Aid organizations choose their service providers through reverse auctions to decrease their operational costs, and many of them award the contracts to the lowest bidders, which often leads to aggressive bidding practices and compromised service quality. This is known as the abnormally low bids (ALBs) problem in public procurement. An ALB is defined as an unrealistically low bid submitted to win an auction, an amount at which the auctioned service cannot be provided reliably. The current litera...
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作者：Deng, Qiyuan; Fang, Xin; Lim, Yun Fong
作者单位：The Chinese University of Hong Kong, Shenzhen; The Chinese University of Hong Kong, Shenzhen; Singapore Management University
摘要：The growing population in cities and booming e-commerce activities create huge demand for urban last-mile delivery, exerting intense pressure on the cities' well-being. To keep congestion and pollution under control, a consolidator can operate an urban consolidation center (UCC) to bundle shipments from multiple carriers before the last-mile delivery. Alternatively, the consolidator can operate a peer-to-peer platform for the carriers to share delivery capacity. We provide guidance for the con...
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作者：He, Rongchuan; Lu, Ye
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; City University of Hong Kong
摘要：The price-setting newsvendor problem is well studied in the literature. However, it is commonly assumed that retailers have complete demand information modeled as a function of price and random noise. In reality, a retailer may have very limited information on a demand model because a retailer who has exercised only a few prices does not have sufficient information to accurately estimate a demand model. This creates a gap between academic research and practical applications. In this study, we ...
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作者：Lu, Mengshi; Shen, Zuo-Jun Max
作者单位：Purdue University System; Purdue University; University of California System; University of California Berkeley; University of California System; University of California Berkeley
摘要：Over the past two decades, there has been explosive growth in the application of robust optimization in operations management (robust OM), fueled by both significant advances in optimization theory and a volatile business environment that has led to rising concerns about model uncertainty. We review some common modeling frameworks in robust OM, including the representation of uncertainty and the decision-making criteria, and sources of model uncertainty that have arisen in the literature, such...
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作者：Wang, Yanqiao; Shen, Zuo-Jun Max
作者单位：University of California System; University of California Berkeley; University of California System; University of California Berkeley; University of Hong Kong; University of Hong Kong
摘要：We study the choice-based constrained assortment optimization problem under the multilevel nested logit model with a no-purchase option in every choice stage. For this problem, each candidate product is associated with a fixed profit. The goal is to identify the optimal assortment satisfying a cardinality constraint to maximize the expected profit per customer. There is a cardinality limitation imposed on nodes in the second lowest level. A polynomial-time algorithm with computational complexi...
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作者：Wang, Jue
作者单位：Queens University - Canada
摘要：We investigate the optimal Bayesian dynamic pricing and demand learning policy over short selling horizons, where the pricing decisions are time-sensitive. The seller fine-tunes the price near an incumbent price in order to maximize the total revenue. The existing literature focuses on policies that are asymptotically optimal, that is, near optimal when the selling horizons are sufficiently long, but little is known about the optimal Bayesian policies, especially over short horizons. We formul...
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作者：Westerweel, Bram; Basten, Rob; den Boer, Jelmar; van Houtum, Geert-Jan
作者单位：Eindhoven University of Technology
摘要：We investigate the benefits of on-site printing at remote geographic locations, where access to spare parts is intermittent and supplies are replenished at fixed intervals. Organizations typically have no solution to spare parts shortages other than expensive expediting orders, or waiting for a part to arrive with the next replenishment. We investigate whether on-site three-dimensional (3D) printing of spare parts can bring relief. Our work extends dual-sourcing literature with fixed order cyc...
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作者：Cohen, Morris A.; Kouvelis, Panos
作者单位：University of Pennsylvania; Washington University (WUSTL)
摘要：What are the attributes of the best-performing supply chains? According to Lee (2004), the best supply chains are agile, adaptable, and ensure the interests of all participating companies stay aligned, that is, The Triple-A framework. Fifteen years later, we find global supply chains exposed, with an increasing frequency and alarming severity, to low probability disruptive shocks. We revisit the question of the current attributes of best-performing supply chains in a highly uncertain and risk ...
