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作者:Chuang, Howard Hao-Chun; Oliva, Rogelio; Liu, Sheng
作者单位:National Chengchi University; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要:A potential answer to retailer's shelf out-of-stocks (OOS), where the item is in the store but customers cannot find it, is to employ third-party service providers to execute audits and corrections. However, given the nontrivial cost of executing external audits, it is still necessary to assess whether external audits are capable of reducing shelf-OOS, whether they can be performed in an economical way, and whether the benefits from the audits translate into higher sales. In an effort to addre...
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作者:Courty, Pascal; Nasiry, Javad
作者单位:University of Victoria; Hong Kong University of Science & Technology
摘要:Buying frenzies caused by a firm's intentional undersupplying of a new product are frequently evident in several industries including electronics (cell phones, video games), luxury automobiles, and fashion goods. We develop a dynamic model of buying frenzies that incorporates the firm's manufacturing and sale of a product over time and characterizes the conditions under which inducing such frenzies is an optimal strategy. We find that buying frenzies occur when customers are sufficiently uncer...
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作者:Papier, Felix
作者单位:ESSEC Business School
摘要:In this article, we study the control of stochastic make-to-stock manufacturing lines in the presence of electricity costs. Electricity costs are difficult to manage because unit costs increase with the total load, that is, the amount of electricity needed by the manufacturing line at a certain point in time. We demonstrate that standard methods for controlling manufacturing lines cannot be used and that standard analytic results for stochastic manufacturing lines do not hold in the presence o...
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作者:Gavirneni, Srinagesh; Kulkarni, Vidyadhar G.
作者单位:Cornell University; University of North Carolina; University of North Carolina Chapel Hill
摘要:Service providers, in the presence of congestion and heterogeneity of customer waiting costs, often introduce a fee-based premier option using which the customers self-segment themselves. Examples of this practice are found in health care, amusement parks, government (consular services), and transportation. Using a single-server queuing system with customer waiting costs modeled as a Burr Distribution, we perform a detailed analysis to (i) determine the conditions (fees, cost structure, etc.) ...
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作者:Xu, He; Yao, David D.; Zheng, Shaohui
作者单位:Huazhong University of Science & Technology; Columbia University; Hong Kong University of Science & Technology
摘要:We study a two-product inventory model that allows substitution. Both products can be used to supply demand over a selling season of N periods, with a one-time replenishment opportunity at the beginning of the season. A substitution could be offered even when the demanded product is available. The substitution rule is flexible in the sense that the seller can choose whether or not to offer substitution and at what price or discount level, and the customer may or may not accept the offer, with ...
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作者:Zepeda, E. David; Sinha, Kingshuk K.
作者单位:Northeastern University; University of Minnesota System; University of Minnesota Twin Cities
摘要:A criticism of behavioral health care delivery is that it has largely missed the social determinants of behavioral health disorders and their diagnosis. Toward addressing this criticism, this study evaluates the delivery of behavioral health care as a part of primary care operations. Focusing on the treatment of depression, the study results show that: (i) primary care clinics operating in communities with superior social environment characteristics are associated with improved depression outc...
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作者:Kazaz, Burak; Webster, Scott; Yadav, Prashant
作者单位:Syracuse University; Arizona State University; Arizona State University-Tempe; University of Michigan System; University of Michigan; University of Michigan System; University of Michigan
摘要:Artemisinin combination therapy, the most effective malaria treatment today, is manufactured from an agriculturally derived starting material Artemisiaannua. Artemisinin, the main ingredient in malaria medicines, is extracted from Artemisia leaves and used in the production of medicine for treating malaria. The artemisinin market has witnessed high volatility in the supply and price of artemisinin extract. A large fraction of malaria medicines for endemic countries in sub-Saharan Africa is fin...
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作者:Zhao, Xuying; Pang, Zhan; Stecke, Kathryn E.
作者单位:University of Notre Dame; City University of Hong Kong; University of Texas System; University of Texas Dallas
摘要:Advance selling (AS) from a retailer to consumers is commonly observed in practice. With an AS capability, a retailer has the option to sell in advance or not. Having the AS option seems to increase flexibility and thus profit for a retailer. However, we show that the AS option can hurt the retailer's profit as well as supply chain performance. We identify two thresholds for a product's marginal production cost. A retailer's AS option benefits both the manufacturer and retailer when the margin...
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作者:Ibrahim, Rouba; Kucukyazici, Beste; Verter, Vedat; Gendreau, Michel; Blostein, Mark
作者单位:University of London; University College London; McGill University; Universite de Montreal; Polytechnique Montreal; McGill University
摘要:In this study, we develop an analytical framework for personalizing the anticoagulation therapy of patients who are taking warfarin. Consistent with medical practice, our treatment design consists of two stages: (i) the initiation stage, modeled using a partially-observable Markov decision process, during which the physician learns through systematic belief updates about the unobservable patient sensitivity to warfarin, and (ii) the maintenance stage, modeled using a Markov decision process, d...
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作者:Agrawal, Anupam; Bhattacharya, Shantanu; Hasija, Sameer
作者单位:Texas A&M University System; Texas A&M University College Station; Mays Business School; Singapore Management University; INSEAD Business School
摘要:Patent intermediaries have gained importance as non-practicing entities in the innovation domain, buying innovations from an external provider and then licensing them to practicing firms. In this study, we analyze the competition between two identical incumbent firms and a patent intermediary for the acquisition and licensing of a cost-reducing innovation developed by an external innovator. We show that the outcome of the IP acquisition and licensing game critically depends on the degree of th...