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作者：Jose, Victor Richmond R.; Nau, Robert F.; Winkler, Robert L.
作者单位：Duke University
摘要：Scoring rules can provide incentives for truthful reporting of probabilities and evaluation measures for the probabilities after the events of interest are observed. Often the space of events is ordered and an evaluation relative to some baseline distribution is desired. Scoring rules typically studied in the literature and used in practice do not take account of any ordering of events, and they evaluate probabilities relative to a default baseline distribution. In this paper, we construct ric...
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作者：Arya, Anil; Demski, Joel; Glover, Jonathan; Liang, Pierre
作者单位：University System of Ohio; Ohio State University; State University System of Florida; University of Florida; Carnegie Mellon University
摘要：A criticism of mechanism design theory is that the optimal mechanism designed for one environment can produce drastically different actions, outcomes, and payoffs in a second, even slightly different, environment. In this sense, the theoretically optimal mechanisms usually studied are not robust. To study robust mechanisms while maintaining an expected utility maximization approach, we study a multiagent model in which the mechanism must be designed before the environment is as well understood...
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作者：Brown, David B.; Sim, Melvyn
作者单位：Duke University; National University of Singapore; Nanyang Technological University; National University of Singapore
摘要：In this work we introduce a class of measures for evaluating the quality of financial positions based on their ability to achieve desired financial goals. In the spirit of Simon (Simon, H. A. 1959. Theories of decision-making in economics and behavioral science. Amer. Econom. Rev. 49(3) 253-283), we call these measures satisficing measures and show that they are dual to classes of risk measures. This approach has the advantage that aspiration levels, either competing benchmarks or fixed target...
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作者：Gamba, Andrea; Fusari, Nicola
作者单位：George Washington University; University of Verona; Universita della Svizzera Italiana; University of Geneva
摘要：We provide a general valuation approach for capital budgeting decisions involving the modularization in the design of a system. Within the framework developed by Baldwin and Clark (Baldwin, C. Y., K. B. Clark. 2000. Design Rules: The Power of Modularity. MIT Press, Cambridge, MA), we implement a valuation approach using a numerical procedure based on the least-squares Monte Carlo method proposed by Longstaff and Schwartz (Longstaff, F. A., E. S. Schwartz. 2001. Valuing American options by simu...
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作者：Ding, Min; Park, Young-Hoon; Bradlow, Eric T.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Cornell University; University of Pennsylvania
摘要：We propose a new alternative preference measurement method, barter conjoint, to contrast with traditional choice-based conjoint (CBC) approaches. Barter conjoint collects a substantially larger amount of data compared to CBC and allows for information diffusion among respondents. We conducted two empirical studies that compare CBC (with and without incentive alignment) and barter conjoint. The studies employed a total of three product categories, each with two validation tasks (one follows imm...
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作者：Chen, Joseph Y.; Miller, Bruce L.
作者单位：University of California System; University of California Los Angeles
摘要：This paper employs numerical simulations to compare the relative performance of linear contracts with piecewise-linear-threshold contracts in the case where the agent chooses actions over time. These contracts are restricted to be functions of the ending value of aggregate output. We find strong evidence that only linear contracts need be considered in comparison with piecewise-linear-threshold contracts in the situation where cumulative output is only updated periodically and the agent's util...
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作者：Chao, Raul O.; Kavadias, Stylianos; Gaimon, Cheryl
作者单位：University of Virginia; University System of Georgia; Georgia Institute of Technology
摘要：The first step in transforming strategy from a hopeful statement about the future into an operational reality is to allocate resources to innovation and new product development (NPD) programs in a portfolio. Resource allocation and NPD portfolio decisions often span multiple levels of the organization's hierarchy, leading to questions about how much authority to bestow on managers and how to structure incentives for NPD. In this study, we explore how funding authority and incentives affect a m...
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作者：Huh, Woonghee Tim; Janakiraman, Ganesh; Muckstadt, John A.; Rusmevichientong, Paat
作者单位：Columbia University; New York University; Cornell University
摘要：We study a single-product single-location inventory system under periodic review, where excess demand is lost and the replenishment lead time is positive. The performance measure of interest is the long-run average holding cost and lost sales penalty cost. For a large class of demand distributions, we show that when the lost sales penalty becomes large compared to the holding cost, the relative difference between the cost of the optimal policy and the best order-up-to policy converges to zero....
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作者：Bhaskaran, Sreekumar R.; Krishnan, V.
作者单位：Southern Methodist University; University of California System; University of California San Diego
摘要：The growing sophistication of component technologies and the rising costs and uncertainties of developing and launching new products require firms to collaborate in the development of new products. However, the management of new product development that occurs jointly between firms presents a new set of challenges in sharing the costs and benefits of innovation. Although collaboration enables each firm to focus on what it does best, it also introduces new issues associated with the alignment o...
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作者：Cachon, Gerard P.; Swinney, Robert
作者单位：University of Pennsylvania; Stanford University
摘要：We consider a retailer that sells a product with uncertain demand over a. finite selling season. The retailer sets an initial stocking quantity and, at some predetermined point in the season, optimally marks down remaining inventory. We modify this classic setting by introducing three types of consumers: myopic consumers, who always purchase at the initial full price; bargain-hunting consumers, who purchase only if the discounted price is sufficiently low; and strategic consumers, who strategi...
