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作者：Li, Meng
作者单位：Rutgers University System; Rutgers University New Brunswick; Rutgers University Camden
摘要：We study the effects associated with overconfidence in distribution channels, where overconfidence is defined as a decision maker's cognitive bias in perceiving the expected outcome of an uncertain event as more certain than it likely is. Although overconfidence bias always leads to a lower expected profit for a centralized channel, we find that overconfidence can in fact enhance the performance of a decentralized channel comprising one overconfident manufacturer and retailer. That is, overcon...
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作者：Goodarzi, Shadi; Aflaki, Sam; Masini, Andrea
作者单位：California State University System; California State University Fullerton; Hautes Etudes Commerciales (HEC) Paris
摘要：This study models a multi-player environment consisting of a grid operator responsible for meeting electricity demands, a photovoltaic (PV) manufacturer, customers who might install (solar) PV systems, and a regulator who must set an optimal feed-in tariff (FIT). The grid operator must meet exogenous electricity demand and also buy back all electricity (produced by PV systems) at the FIT set by the regulator. Customers decide whether or not to invest in a PV system. Adoption rates affect the m...
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作者：Feng, Tianjun; Ren, Z. Justin; Zhang, Fuqiang
作者单位：Fudan University; Boston University; Washington University (WUSTL)
摘要：This paper studies how to design service outsourcing contracts to ensure fast, quality services from an independent service provider. The outsourcer does not have perfect information about the service provider's capacity cost (i.e., cost of providing fast service) and quality cost (i.e., cost of achieving a high quality level). Moreover, the two unknown costs may be positively, or negatively, correlated with each other. We solve for the outsourcer's optimal outsourcing contract, and show that ...
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作者：Anderson, Edward G., Jr.; Jiang, Xiaoyue; Parker, Geoffrey G.; Tan, Burcu
作者单位：University of Texas System; University of Texas Austin; Dartmouth College; University of New Mexico
摘要：Firms in advanced economies are increasingly outsourcing software and technology development as well as other knowledge work to a worldwide supply base. Standard economic and learning models predict that focal firms should outsource either all or none of a particular activity unless extra resources are required during cyclical demand peaks or access is needed to some tightly appropriable intellectual property. However, recent evidence shows that, even when these exceptions do not apply, many f...
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作者：Lim, Michael K.; Mak, Ho-Yin; Park, Seung Jae
作者单位：Seoul National University (SNU); University of Oxford; Yonsei University
摘要：We examine the operations, fairness, and social implications of fair trade certified products. We consider the market for fair trade certified products, which may serve as a substitute to a regular product. A fair trade organization chooses standards for the certification, namely, the (unit) premium and minimum fraction of fair trade raw materials, to maximize the total premium transferred to farmers. We analyze the operations of various stakeholders in the fair trade value chain, as well as t...
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作者：Wang, Qi; Feng, Juan; Jiang, Xuping; Xie, Jinhong
作者单位：China Europe International Business School; City University of Hong Kong; Tsinghua University; State University System of Florida; University of Florida
摘要：This study investigates a novel mechanism-multiple-winner award rules-that are widely used in e-procurement auctions and crowdsourcing sites. In many e-procurement auctions, the auctioneer (i.e., the buyer) specifies three rules before the auction starts: (i) the size of the finalist set (from which the winner[s] will be chosen); (ii) the number of winners; and (iii) the allocation of the contract among the winners. We examine how these three rules affect auction performance using a dataset of...
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作者：Zhao, Xiaobo; Si, Dezhen; Zhu, Wanshan; Xie, Jinxing; Shen, Zuo-Jun (Max)
作者单位：Tsinghua University; Renmin University of China; Tsinghua University; University of California System; University of California Berkeley; University of California System; University of California Berkeley
摘要：Although vendor-managed inventory (VMI) programs have gained popularity in practice, some empirical studies report that their implementations have not been successful. We conduct experiments to investigate behaviors in a supply chain where a supplier replenishes inventories for a retailer according to a VMI program under a revenue-sharing contract. The results show that subjects' decisions deviate significantly from the standard theoretical predictions because the retailer presents equality pr...
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作者：Jin, Yannan; Hu, Qiying; Kim, Sang Won; Zhou, Sean X.
作者单位：Shanghai University of Finance & Economics; Fudan University; Chinese University of Hong Kong
摘要：Supplier development and supplier integration are two deeply interconnected strategic tools that manufacturers often employ to improve the efficiency and competitiveness of their supply chains. This paper studies the interaction of these two strategic decisions in a competitive environment. Specifically, we consider a duopoly model where two supply chains, each consisting of one manufacturer and one supplier, sell substitutable products in the market. Each manufacturer orders components from i...
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作者：Ye, Han; Luedtke, James; Shen, Haipeng
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Wisconsin System; University of Wisconsin Madison; University of Hong Kong
摘要：We consider call centers that have multiple (potentially inter-dependent) demand arrival streams. Workforce management of such labor intensive service systems starts with forecasting future arrival demand. We investigate the question of whether and when to jointly forecast future arrivals of the multiple streams. We first develop a general statistical model to simultaneously forecast multi-stream arrival rates. The model takes into account three types of inter-stream dependence. We then show w...
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作者：Zhang, Yinghao; Siemsen, Enno
作者单位：University System of Ohio; University of Cincinnati; University of Wisconsin System; University of Wisconsin Madison
摘要：The field of behavioral operations has produced a rich tradition of experiments in newsvendor decision-making. Our study provides a meta-analysis of 24 papers in this research area; we confirm that the pull-to-center (PtC) effect, where average order quantities in a sample lie in between average demand and optimal order quantities, is a very stable observable phenomenon across studies. However, we also show that the asymmetry in the PtC effect between high-margin and low-margin conditions vari...
