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作者:Scott, Alex; Craighead, Christopher W.; Parker, Chris
作者单位:Michigan State University; Michigan State University's Broad College of Business; University of Tennessee System; University of Tennessee Knoxville; American University
摘要:To enhance performance, buying firms often use supplier governance mechanisms, such as explicit contracts, to coordinate efforts. Yet, it is unclear how these governance mechanisms would perform in extralegal exchanges, whereby suppliers may renege on the contract with little or no legal recourse. Furthermore, there is a paucity of studies examining these extralegal exchanges in the presence of an external market willing to pay higher prices, thus tempting suppliers to renege on existing agree...
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作者:Xu, Jianjun; Gurbuz, Mustafa Cagri; Feng, Youyi; Chen, Shaoxiang
作者单位:Dongbei University of Finance & Economics; Dongbei University of Finance & Economics; Shanghai University of Finance & Economics; Nanyang Technological University
摘要:In this study, we consider a company that uses two channels for trading: long-term contracts and spot markets. With a quantity flexibility long-term contract, the buyer commits to purchasing at least as much as the minimum order quantity and is able to reserve capacity with the forward contract supplier up to the maximum order quantity in each period at a predetermined price. Through the spot market, the buyer can order or sell inventory at an uncertain future spot price without quantity limit...
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作者:Cai, Dongling; Jiang, Li
作者单位:Sun Yat Sen University; Hong Kong Polytechnic University
摘要:We investigate price and stock competition between two retailers selling to a market with uncertain size. Prior to knowing the actual market size, retailers choose stocking quantities before prices under prestocking but adopt the reverse sequence under prepricing. After the actual market size is realized, each customer chooses to purchase from a retailer to maximize utility. Each retailer satisfies its local demand up to availability. A customer with unmet demand at the local retailer may cont...
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作者:Zhang, Juzhi; Sethi, Suresh P.; Choi, Tsan-Ming; Cheng, T. C. E.
作者单位:Chinese Academy of Sciences; University of Science & Technology of China, CAS; University of Texas System; University of Texas Dallas; Hong Kong Polytechnic University; Hong Kong Polytechnic University
摘要:The classical newsvendor problem seeks to minimize the expected inventory cost or maximize the expected profit. But optimizing an expected value alone does not fully capture the stochastic nature of the newsvendor problem. Inspired by the higher-moment analyses explored in finance literature, we conduct a mean-variance-skewness-kurtosis (MVSK) analysis for the newsvendor problem. We first derive the analytical expressions for the profit's mean, variance, skewness, and kurtosis in the standard ...
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作者:Valogianni, Konstantina; Ketter, Wolfgang; Collins, John; Zhdanov, Dmitry
作者单位:IE University; University of Cologne; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; University of Minnesota System; University of Minnesota Twin Cities; University System of Georgia; Georgia State University
摘要:A transition to electric vehicles (EVs) is widely assumed to be an important step along the road to environmental sustainability. However, large-scale adoption of EVs may put electricity grids under critical strain, since peaks in electricity demand are likely to increase radically. Efforts to manage demand peaks through pricing schemes may create new peaks at low-price periods, if large numbers of EV owners use smart charging to benefit from low prices. This effect is expected to be amplified...
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作者:Bagchi, Rajesh; Ham, Sung H.; He, Chuan
作者单位:Virginia Polytechnic Institute & State University; Michigan State University; Michigan State University's Broad College of Business; University of Colorado System; University of Colorado Boulder
摘要:Confirmation bias, a well-established behavioral anomaly, asserts that when product experience is ambiguous, it is assimilated consistent with expectations set up by prior advertising. In this paper, we combine a strategic model with laboratory experiments to study the effects of consumers' confirmation bias on firms' advertising and pricing strategies and its implications for firms' profits. Our results suggest that confirmation bias does not improve firms' profits in the short run. However, ...
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作者:Geismar, H. Neil; Huang, Yiwei; Pillai, Suresh D.; Sriskandarajah, Chelliah; Youn, Seokjun
作者单位:Texas A&M University System; Texas A&M University College Station; Mays Business School; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Texas A&M University System; Texas A&M University College Station; University of Arizona
摘要:We study a generalized location-routing problem in which the key decisions are made by supply chain partners with conflicting objectives. The context of our problem is the irradiation by electron beam (eBeam) of fresh produce imported from Mexico to reduce the threat of insects and pests to the U.S. agriculture. Because too few irradiation facilities exist to serve the current demand, we focus on two parties to be coordinated: the eBeam Services Provider, who will choose the facilities' locati...
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作者:Lim, Yun Fong; Lu, Bingnan; Wang, Rowan; Zhang, Wenjia
作者单位:Singapore Management University; University of Minnesota System; University of Minnesota Twin Cities; The Chinese University of Hong Kong, Shenzhen
摘要:Many manufacturing and service systems require a finite number of heterogeneous jobs to be processed by two stations in tandem. Each station serves at most one job at a time and there is a finite buffer between the two stations. We consider two flexible servers that are cross-trained to work at both stations. The duration for a server to finish a job at a station is exponentially distributed with a rate that depends on the server, the station, and the job. Our goal is to identify an efficient ...
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作者:Zhang, Ying; Swaminathan, Jayashankar M.
作者单位:Clemson University; University of North Carolina; University of North Carolina Chapel Hill
摘要:Warehouse solutions in emerging countries near suppliers have been adopted to achieve cost efficiency in offshore procurement. Previous academic literature ignores logistics operations costs in supply chain contracting. In this paper, we study contracting between a retailer in a developed country and a supplier in an emerging country while incorporating total landed cost (including logistics operations costs) in contracting. The retailer faces stochastic demand and stochastic lead time and det...
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作者:Yan, Lu (Lucy)
作者单位:Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要:Social media-based online communities are becoming increasingly popular for various social interactions, including those for healthcare and health-related activities. The benefits from these activities, however, are constrained by how a platform is designed, as a platform's design defines what activities can be done and how individuals can engage and interact on the platform. In this study, we focus on weight-loss communities and social tools that facilitate social communication and establish ...