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作者:Jiang, Hansheng; Cao, Junyu; Shen, Zuo-Jun Max
作者单位:University of California System; University of California Berkeley; University of Texas System; University of Texas Austin; University of Hong Kong; University of Hong Kong
摘要:Problem definition: We consider intertemporal pricing in the presence of reference effects and consumer heterogeneity. Our research question encompasses how to estimate heterogeneous consumer reference effects from data and how to efficiently compute the optimal pricing policy. Academic/practical relevance: Understanding reference effects is essential for designing pricing policies in modern retailing. Our work contributes to this area by incorporating consumer heterogeneity under arbitrary di...
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作者:Pauphilet, Jean
摘要:Problem definition: Mining for heterogeneous responses to an intervention is a crucial step for data-driven operations, for instance, to personalize treatment or pricing. We investigate how to estimate price sensitivity from transaction-level data. In causal inference terms, we estimate heterogeneous treatment effects when (a) the response to treatment (here, whether a customer buys a product) is binary, and (b) treatment assignments are partially observed (here, full information is only avail...
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作者:Guo, Xiaolong; Yu, Yugang; Allon, Gad; Wang, Meiyan; Zhang, Zhentai
作者单位:Chinese Academy of Sciences; University of Science & Technology of China, CAS; University of Pennsylvania; Haier
摘要:To support the 2021 Manufacturing & Service Operations Management (MSOM) Data-Driven Research Challenge, RiRiShun Logistics (a Haier group subsidiary focusing on logistics service for home appliances) provides MSOM members with logistics operational-level data for data-driven research. This paper provides a detailed description of the data associated with over 14 million orders from 149 clients (the consigners) associated with 4.2 million end consumers (the recipients and end users of the appl...
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作者:Shen, Max; Tang, Christopher S.; Wu, Di; Yuan, Rong; Zhou, Wei
作者单位:University of California System; University of California Berkeley; University of California System; University of California Los Angeles
摘要:To support the 2020 MSOM Data Driven Research Challenge, JD.com, China's largest retailer, offers transaction-level data to MSOM members for conducting data-driven research. This article describes the transactional data associated with over 2.5 million customers (457,298 made purchases) and 31,868 stock keeping units (SKUs) over the month of March in 2018. We also present potential research questions suggested JD.com. Researchers are welcome to develop econometric models or data-driven models ...
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作者:Bertsimas, Dimitris; Cory-Wright, Ryan; Digalakis, Vassilis
作者单位:Massachusetts Institute of Technology (MIT); Imperial College London; Hautes Etudes Commerciales (HEC) Paris
摘要:Problem definition: We present our collaboration with the OCP Group, one of the world's largest producers of phosphate and phosphate-based products, in support of a green initiative designed to reduce OCP's carbon emissions significantly. We study the problem of decarbonizing OCP's electricity supply by installing a mixture of solar panels and batteries to minimize its time-discounted investment cost, plus the cost of satisfying its remaining demand via the Moroccan national grid. OCP is curre...
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作者:Park, Eric; Ouyang, Huiyin; Wang, Jingqi; Savin, Sergei; Leung, Siu Chung; Rainer, Timothy H.
作者单位:Wake Forest University; University of Hong Kong; The Chinese University of Hong Kong, Shenzhen; University of Pennsylvania; University of Hong Kong
摘要:Problem definition: Emergency department (ED) delay announcement systems are implemented in many countries. We answer three important questions pertaining to the operations and effectiveness of such systems by studying the public hospital network and ED waiting time (WT) announcement system in Hong Kong's universal public healthcare system: (1) How many patients are aware of (and sensitive to) the ED WT announcements? (2) How sensitive are these patients to the announced WT? (3) How can the Ho...
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作者:Chan, Timothy C. Y.; Mahmood, Rafid; O'Connor, Deborah L.; Stone, Debbie; Unger, Sharon; Wong, Rachel K.; Zhu, Ian Yihang
作者单位:University of Toronto; University of Ottawa; University of Toronto; University of Toronto; Sinai Health System Toronto; University of Toronto; Sinai Health System Toronto; National University of Singapore
摘要:Problem definition: Human donor milk provides critical nutrition for millions of infants who are born preterm each year. Donor milk is collected, processed, and distributed by milk banks. The macronutrient content of donor milk is directly linked to infant brain development and can vary substantially across donations, which is why multiple donations are typically pooled together to create a final product. Approximately half of all milk banks in North America do not have the resources to measur...
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作者:Iancu, Dan A.; Yang, S. Alex
作者单位:Stanford University; University of London; London Business School
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作者:Huang, Jinjia; Teo, Chung-Piaw; Wang, Fan; Xu, Zhou
作者单位:National University of Singapore; National University of Singapore; Sun Yat Sen University; Hong Kong Polytechnic University
摘要:Problem definition: In many resource scheduling problems for services with scheduled starting and completion times (e.g., airport gate assignment), a common approach is to maintain appropriate buffer between successive services assigned to a common resource. With a large buffer, the chances of a crossing (i.e., a flight arriving later than the succeeding one at the gate) will be significantly reduced. This approach is often preferred over more sophisticated stochastic mixed-integer programming...
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作者:Lai, Guoming; Ritchken, Peter; Wu, Qi
作者单位:University of Texas System; University of Texas Austin; University System of Ohio; Case Western Reserve University; University System of Ohio; Case Western Reserve University
摘要:Problem definition: Modern technologies have made it viable for firms to lower the costs of switching on and off production in response to market changes. In this paper, we explore how production start-stop flexibility impacts joint operating policies, financing, and investment timing decisions. Methodology/results: We develop a continuous-time, optimal stopping model in which equity holders of the firm make operational decisions regarding pausing and restarting production as well as when to d...