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作者:Mehrotra, Mili; Dawande, Milind; Mookerjee, Vijay; Sriskandarajah, Chelliah
作者单位:University of Minnesota System; University of Minnesota Twin Cities; University of Texas System; University of Texas Dallas; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要:We study a problem faced by a secure-logistics provider (SLP) of maximizing profit by jointly pricing the services of fit-sorting and transporting cash along with the design of the supporting logistics network, in a market consisting of a population of Depository Institutions (DIs). The need to jointly price the services assumes significance because they are partial substitutes of one another. Our study finds that the influence of the logistics network on prices is especially strong when there...
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作者:Shu, Jun; Barton, Russell
作者单位:Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要:Improvements in information technologies provide new opportunities to control and improve business processes based on real-time performance data. A class of data we call individualized trace data (ITD) identifies the real-time status of individual entities as they move through execution processes, such as an individual product passing through a supply chain or a uniquely identified mortgage application going through an approval process. We develop a mathematical framework which we call the Sta...
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作者:Wu, Zhengping; Kazaz, Burak; Webster, Scott; Yang, Kum-Khiong
作者单位:Singapore Management University; Syracuse University
摘要:In this article, we study the newsvendor problem with endogenous setting of price and quoted lead-time. This problem can be observed in situations where a firm orders semi-finished product prior to the selling season and customizes the product in response to customer orders during the selling season. The total demand during the selling season and the lead-time required for customization are uncertain. The demand for the product depends not only on the selling price but also on the quoted lead-...
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作者:Arya, Anil; Pfeiffer, Thomas
作者单位:University System of Ohio; Ohio State University; University of Vienna
摘要:When a manufacturer relies solely on its own inputs in making products, the focus of negotiations between the manufacturer and retailer is exclusively on profits in the output (retail) market. In such cases, absent retail competition concerns, standard two-part tariff negotiations set the per-unit wholesale price equal to marginal cost, and require fixed transfers from the retailer to the manufacturer. In this article, we recognize that manufacturers often rely on imperfectly competitive marke...
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作者:Ovchinnikov, Anton; Milner, Joseph M.
作者单位:University of Virginia; University of Toronto
摘要:Consider a firm that sells identical products over a series of selling periods (e.g., weekly all-inclusive vacations at the same resort). To stimulate demand and enhance revenue, in some periods, the firm may choose to offer a part of its available inventory at a discount. As customers learn to expect such discounts, a fraction may wait rather than purchase at a regular price. A problem the firm faces is how to incorporate this waiting and learning into its revenue management decisions. To add...
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作者:Cheng, Feng; Ettl, Markus; Lu, Yingdong; Yao, David D.
作者单位:International Business Machines (IBM); IBM USA; Columbia University
摘要:We study a hybrid pushpull production system with a two-stage manufacturing process, which builds and stocks tested components for just-in-time configuration of the final product when a specific customer order is received. The first production stage (fabrication) is a push process where parts are replenished, tested, and assembled into components according to product-level build plans. The component inventory is kept in stock ready for the final assembly of the end products. The second product...
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作者:Anderson, Chris K.; Xie, Xiaoqing
作者单位:Cornell University; Shanghai University of Finance & Economics
摘要:Opaque pricing is a form of pricing where certain characteristics of the product or service are hidden from the consumer until after purchase. In essence, opaque selling transforms a differentiated good into a commodity. Opaque pricing has become popular in service pricing as it allows firms to sell their differentiated product at higher prices to regular brand loyal customers while simultaneously selling to non-brand loyal customers at discounted prices. We use a nested logit model in combina...
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作者:Webster, Scott; Ruben, Robert A.; Yang, Kum-Khiong
作者单位:Syracuse University; Iowa State University; Singapore Management University
摘要:Bucket brigade order picking is a method for retrieving orders from a storage rack where workers follow a fixed sequence and dynamically adjust to variability in work content along the rack. The method is simple and has been shown to provide superior performance in many applications. In this article, we analyze how the location in which products are stored in the rack affects throughput. We identify conditions where storage decisions have a large impact on throughput (e.g., a 20% increase in p...
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作者:Ryan, Jennifer K.; Sun, Daewon; Zhao, Xuying
作者单位:Rensselaer Polytechnic Institute; University of Notre Dame
摘要:Online marketplaces, such as those operated by Amazon, have seen rapid growth in recent years. These marketplaces serve as an intermediary, matching buyers with sellers, whereas control of the good is left to the seller. In some cases, e.g., the Amazon marketplace system, the firm that owns and manages the marketplace system will also sell competing products through the marketplace system. This creates a new form of channel conflict, which is a focus of this article. We consider a setting in w...
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作者:Chen, Liwen; Gilbert, Stephen M.; Xu, Xiaohui
作者单位:City University of Hong Kong; University of Texas System; University of Texas Austin; California State University System; California State Polytechnic University Pomona
摘要:Many firms employ revenue-focused managerial performance measures (RF-MPMs) that cause managers to worry more about revenues than about costs. Although this can seemingly misalign the interests of a manager, we show that the use of such measures can help supply chain partners to overcome hold-up issues with respect to capacity and promotion investments. We develop a game theoretic model in which two supply chain partners engage in repeated interactions in which the supplier invests in capacity...