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作者：Dong, Lingxiu; Tang, Sammi Yu; Tomlin, Brian
作者单位：Washington University (WUSTL); University of Miami; Dartmouth College
摘要：Disruptions that temporarily interrupt production pose a significant risk for manufacturing firms. To manage this risk, firms can purchase interruption insurance and/or deploy operational measures such as storing inventory or taking preparedness actions that reduce the expected interruption length. In this study, we explore inventory, preparedness, and insurance in a two-stage production chain that can experience disruptions at either the upstream or downstream stage. We analytically character...
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作者：Wei, Mike Mingcheng; Zhang, Fuqiang
作者单位：State University of New York (SUNY) System; University at Buffalo, SUNY; Washington University (WUSTL)
摘要：Motivated by emerging industry practices, this paper studies the effectiveness of a new advance selling strategy in counteracting strategic consumer behavior: the preorder contingent production (PCP) strategy, where the seller's production decision is contingent on an advance selling target. We find that compared to other advance selling strategies, such as the traditional advance selling strategy and the capacity rationing strategy, the PCP strategy is effective in mitigating strategic waitin...
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作者：Shen, Xiaobei; Bao, Lina; Yu, Yimin
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; Zhejiang University; City University of Hong Kong
摘要：We consider a periodic review, joint inventory and pricing control problem for a firm that faces general random price-dependent demands. Any unsatisfied demand can be either backordered or lost immediately. The objective is to maximize the expected profit over a finite selling horizon by coordinating the inventory and pricing decisions in each period. For both the backorder model and the lost sales model, we derive some quite general sufficient conditions to ensure the optimality of a base-sto...
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作者：Kettunen, Janne; Kwak, Young Hoon
作者单位：George Washington University
摘要：We show that the schedule for contracting public procurements can impact the number of proposals and thereby the cost of procured services or products. This holds when the market for procurement contracts is not perfectly competitive, which is typically the case for large and costly public procurements. We formalize this previously unexplored operational level problem of scheduling procurement contracting and develop an optimization framework to solve it. For large problems we propose a hierar...
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作者：Huang, Yufei; Gokpinar, Bilal; Tang, Christopher S.; Yoo, Onesun Steve
作者单位：University of Bath; University of London; University College London; University of California System; University of California Los Angeles
摘要：When deciding whether to adopt an innovative product or service, consumers often experience different levels of anxiety (i.e., nervousness) that prompt them to resist purchase (e.g., fear of learning new technologies, disruption of established habits or beliefs). In such cases, consumers' anxiety is mitigated by validation through externality (e.g., the number of early adopters). To reduce consumers' anxiety, firms can also invest in familiarization through promotion (e.g., offering free trial...
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作者：Song, Boqian; Li, Michael Z. F.
作者单位：Southwestern University of Finance & Economics - China; Nanyang Technological University
摘要：In this study, we investigate unbundling when a firm dynamically prices a basic service, while separating the sale of a fixed-price add-on. We characterize the optimal dynamic unbundling pricing policy and investigate its structural properties. We find that the value function with unbundling increases in the degree of dependence between consumers' reservation prices for basic service and add-on. However, there are no similar monotonicity properties for the optimal price of the basic service. F...
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作者：Li, Li; Jiang, Li
作者单位：Sun Yat Sen University; Hong Kong Polytechnic University
摘要：We investigate horizontal subcontracting between two firms that compete in selling to uncertain markets. Each firm manages resources to make a key component indispensable for final assembly by both firms. A horizontal subcontract stipulates that one of them prepares key component or even produces final product for the other. The subcontract can be signed before or after resource preparation, which we refer to as forward and spot subcontracting, respectively. With the presence of demand uncerta...
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作者：Avgerinos, Emmanouil; Gokpinar, Bilal
作者单位：IE University; University of London; University College London
摘要：In a wide range of professional service firms, individuals perform a variety of tasks which are highly cognitive and knowledge intensive yet repetitive in nature, providing significant opportunities for learning. In addition, individuals in such environments tend to enjoy considerable discretion in managing when and how they perform their tasks. In light of these observations, we investigate task allocation and timing strategies that may enhance or inhibit learning and productivity for profess...
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作者：Kouvelis, Panos; Xiao, Guang; Yang, Nan
作者单位：Washington University (WUSTL); Hong Kong Polytechnic University; University of Miami
摘要：In this study, we propose two technical assumptions to ensure the unimodality of the objective functions in two classes of price and quantity decision problems with one procurement opportunity under supply random yield and deterministic demand in a price-setting environment. The first class of problems involves a decentralized supply chain/assembly system under different configurations, and the second class focuses on a single firm's price and quantity decisions under different contracts, paym...
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作者：Kong, Guangwen; Rajagopalan, Sampath; Tong, Chunyang
作者单位：University of Minnesota System; University of Minnesota Twin Cities; University of Southern California; Tongji University
摘要：Significant evidence has emerged that consumers are boundedly rational and display a sunk cost bias when making decisions. Moreover, customers may display dynamically inconsistent beliefs about the extent to which they will discount sunk costs. We evaluate the impact of sunk cost bias and dynamically inconsistent preferences on commonly used pricing schemes in a service setting with diagnosis and treatment phases. Using a two-part tariff pricing scheme, a monopolist service provider can achiev...
