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作者:Chen, Hongqiao; He, Yihua; Qi, Jin; Zhang, Lianmin
作者单位:Nanjing University; Hong Kong University of Science & Technology; The Chinese University of Hong Kong, Shenzhen
摘要:We study a distributionally robust pricing model aimed at maximizing the worst-case profit under limited knowledge of consumers' valuation distribution. In addition to mean and variance, we incorporate asymmetric distributional information through semivariance, and then explore the robust optimal posted and randomized pricing strategy. We obtain the robust posted price and show that several series of asymptotic three-point distributions can approach the worst case gradually. The inclusion of a...
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作者:Dong, Lingxiu; Jiang, Puping
作者单位:Washington University (WUSTL); Shanghai Jiao Tong University
摘要:Online asset-selling businesses, such as used cars and real estate platforms, have experienced remarkable growth in recent years. Unlike general retail operations, which make decisions at the stock-keeping unit level, asset selling operates at the individual unit asset level. Practical operational constraints (e.g., infrequent price adjustments within a limited timeframe) set asset-selling platforms apart from general retail. Further complicating decision-making are real-world uncertainties, s...
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作者:Tang, Runyu; Liang, Yong
作者单位:Xi'an Jiaotong University; Tsinghua University
摘要:We consider a dynamic resource provisioning problem for a supplier in which the availability of the provisioned resource is subject to random disruptions whose distribution is only indirectly observable through samples. To signal its commitment to service quality, the supplier adopts a service level agreement contract that specifies both the target service level and the associated penalty for violation over a finite contract period. The supplier needs to dynamically determine resource provisio...
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作者:Chen, Li; Cui, Yao; Liu, Jingchen; Liu, Xiaoyan
作者单位:Cornell University; Renmin University of China; Santa Clara University
摘要:The success of a gig platform is crucially driven by its ability to compete for labor supply. However, gig workers are independent contractors whose working schedules are not fully controlled by the platform. To overcome this challenge, gig platforms have commonly relied on bonus strategies to drive the participation of gig workers. We study the impact of bonus strategies on gig platforms and their welfare implications. We consider two types of bonus strategies used by gig platforms: (1) fixed...
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作者:Li, Dongsheng; Bansal, Saurabh; Coles, Phillip S.; Natarajan, Karthik
作者单位:University of Wisconsin System; University of Wisconsin Milwaukee; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Lehigh University; University of Minnesota System; University of Minnesota Twin Cities
摘要:We collaborate with a leading mushroom producer in North America to investigate the potential benefits of redesigning agribusiness operations, specifically, harvesting processes, to enhance both firm performance and working conditions of employees. We consider two harvesting protocols: The dominant status-quo practice, namely Harvest-all and an alternative, namely Selective Harvesting. In the Harvest-all protocol, workers pick all crop units in the areas assigned to them, regardless of the cro...
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作者:Pashapour, Amirreza; Gunnec, Dilek; Salman, Fatma Sibel; Yucel, Eda
作者单位:Koc University; Ozyegin University; TOBB University of Economics & Technology
摘要:Forced displacement crises have become a pressing humanitarian concern. Refugee movements expose individuals to dire living conditions with severe inaccessibility to essential resources. Humanitarian organizations play a vital role in alleviating these hardships through relief aid interventions. This study aims to optimize the fulfillment of recurring needs for geographically dispersed refugee groups en route to safe destinations. Here, capacitated mobile facilities are tasked with delivering ...
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作者:Lee, Junghee; Wei, Lai; Hu, Ming; Tan, Yinliang (Ricky)
作者单位:University of Notre Dame; Shanghai Jiao Tong University; University of Toronto; China Europe International Business School
摘要:We investigate the burgeoning trend of prosumers, who have transformed from traditional consumers into active renewable energy producers. While prosumers help reduce greenhouse gas emissions and reliance on fossil fuels, they often remain connected to the grid as a backup. This practice requires that utility companies reserve capacity, and conventional consumers share these associated costs. We develop a stylized model to comprehensively assess the impact of prosumers. Our findings demonstrate...
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作者:Alan, Yasin; Kurtulus, Mumin; Nakkas, Alper
作者单位:Vanderbilt University; University of Texas Arlington; University of Texas System; University of Texas Arlington
摘要:We study the impact of planogram design (i.e., placement of products on shelves) and display fees (i.e., fees manufacturers pay retailers for prime shelf space) on a retailer's category management strategy and interactions with national brand manufacturers (NBMs). We consider a game-theoretic model with one retailer and multiple NBMs. Each NBM offers one product. In addition, the retailer has the option to introduce a store brand (SB) product. If the retailer decides to introduce its SB, it ne...
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作者:Feng, Yundong; Sun, Yiqi; Qi, Wei; Shen, Zuojun (Max)
作者单位:Tsinghua University; University of Hong Kong; University of California System; University of California Berkeley; University of Hong Kong; University of Hong Kong
摘要:With the rapid growth of omnichannel retailing and the takeaway delivery economy, the classic point-to-point mode for on-demand delivery is deficient in delivery capacity, coverage area, dispatching efficiency, and courier safety assurance. Inspired by the success of Dabbawala, a historical Indian company for lunch delivery, we propose a novel public on-demand delivery service system that uses the public transit network to satisfy stochastic delivery demands. In particular, the proposed system...
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作者:Fu, Ning; Wang, Qi; Park, Chang Hee
作者单位:California State University System; California State University Northridge; China Europe International Business School; Yonsei University
摘要:This research investigates the joint impact of numeric ratings and review sentiments in prior product reviews on consumers' product evaluations and how this impact varies between individualist and collectivist cultures. Using data on 115,231 consumer reviews of 167 American movies released both in the United States and China, the authors find that the joint impact of movie ratings and review sentiments varies with the consistency between the two information sources, as well as their valence. F...