M&SOM - Manufacturing AND Service Operations Management

最新文章

• Estimating and Optimizing the Impact of Inventory on Consumer Choices in a Fashion Retail Setting AI翻译
  作者：Boada-Collado, Pol; Martinez-de-Albeniz, Victor
  作者单位：Northwestern University; University of Navarra; IESE Business School
  摘要：Problem definition: In fashion retailing, the display of product inventory at the store is important to capture consumers' attention. Higher inventory levels might allow more attractive displays and thus, increase sales in addition to avoiding stockouts. Academic/practical relevance: By knowing how inventory levels affect consumer choices, retailers can adjust their inventory levels so as to maximize sales or profits. Methodology: We develop a choice model where product demand is indeed affect...
• Estimating Demand with Substitution and Intraline Price Spillovers AI翻译
  作者：Becerril-Arreola, Rafael
  作者单位：University of South Carolina System; University of South Carolina Columbia
  摘要：Problem definition: Standard choice models used to optimize product line prices are effective at capturing the effects of prices on the affordability of products but do not incorporate intraline price spillovers, or the effects of prices on consumer preferences for branded product lines. To date, no approach exists to measure such spillovers, and thus their existence and characteristics are subject to controversy. Academic/practical relevance: Different authors have proposed that different pro...
• Production Campaign Planning Under Learning and Decay AI翻译
  作者：Jahandideh, Hossein; Rajaram, Kumar; McCardle, Kevin
  作者单位：University of California System; University of California Los Angeles
  摘要：Problem definition: We analyze a catalyst-activated batch-production process with uncertainty in production times, learning about catalyst-productivity characteristics and decay of catalyst performance across batches. The goal is to determine the quality level of batches and to decide when to replenish a catalyst so as to minimize average costs, consisting of inventory-holding, backlogging, and catalyst-switching costs. Academic/ practical relevance: This is an important problem in a variety o...
• Loyalty Program Liabilities and Point Values AI翻译
  作者：Chun, So Yeon; Iancu, Dan A.; Trichakis, Nikolaos
  作者单位：INSEAD Business School; Stanford University; Massachusetts Institute of Technology (MIT)
  摘要：Problem definition: Loyalty programs (LPs) introduce a new currency-the points-through which customers transact with firms. Such points represent a promise for future service, and their monetary value thus counts as a liability on the issuing firms' balance sheets. Consequently, adjusting the value of points has a first-order effect on profitability and performance and emerges as a core operating decision. We study the problem of optimally setting the points' value in view of their associated ...
• Flexibility in Long-Term Relationships: An Experimental Study AI翻译
  作者：Hyndman, Kyle; Honhon, Dorothee
  作者单位：University of Texas System; University of Texas Dallas
  摘要：Problem definition: We compare two types of contracts that can govern business partnerships: indefinitely binding agreements (IBAs), wherein partners are bound together in a relationship of indefinite duration, and temporarily binding agreements (TBAs), wherein they are able to dissolve the relationship at any moment. Academic/practical relevance: Managers need to determine what type of contract they want to engage in with their business partners. Although Toyota famously argues for building s...
• Designing Price Incentives in a Network with Social Interactions AI翻译
  作者：Cohen, Maxime C.; Harsha, Pavithra
  作者单位：New York University; International Business Machines (IBM); IBM USA
  摘要：Problem definition: The recent ubiquity of social networks allows firms to collect vast amount of data on their customers and on their social interactions. We consider a setting in which a monopolist sells an indivisible good to consumers who are embedded in a social network. Academic/practical relevance: This is an important problem as sellers can use available data to design and send targeted promotions that account for social externality effects and ultimately increase their profits. Method...
• Business Analytics for Intermodal Capacity Management AI翻译
  作者：Gao, Long; Shi, Jim (Junmin); Gorman, Michael F.; Luo, Ting
  作者单位：University of California System; University of California Riverside; New Jersey Institute of Technology; Rutgers University System; Rutgers University New Brunswick; Rutgers University Newark; University System of Ohio; University of Dayton; California State University System; California State University Fullerton
  摘要：Network operations often suffer from chronic asset imbalance over time and across locations. This paper addresses the issue in the intermodal industry. The problem is mainly driven by myopic policies, environmental uncertainty, and network interdependence. To address the problem, we develop a unified framework that integrates two core operations: container repositioning and load acceptance. The central piece is the scarcity pricing scheme, which internalizes the externalities each acceptance i...
• Managing Trade-offs in Protein Manufacturing: How Much to Waste? AI翻译
  作者：Martagan, Tugce; Krishnamurthy, Ananth; Leland, Peter A.
  作者单位：Eindhoven University of Technology; University of Wisconsin System; University of Wisconsin Madison
  摘要：We consider the challenges and trade-offs involved in the manufacturing of engineered proteins. Manufacturing these proteins involves high risk of financial losses due to the purity and yield trade-offs, uncertainty in the process outcomes, and high operating costs. In this setting, the biomanufacturer must determine how much protein to manufacture in the upstream fermentation operations, and then how much of it to waste in each subsequent purification operation because of the purity-yield tra...
• Modeling Payment Timing in Multiechelon Inventory Systems with Applications to Supply Chain Coordination AI翻译
  作者：Tong, Jordan; DeCroix, Gregory; Song, Jing-Sheng
  作者单位：University of Wisconsin System; University of Wisconsin Madison; Duke University
  摘要：Problem definition: How can one adapt multiechelon inventory models to capture the cash flows generated by various payment-timing contracts? What competitive inventory policy behavior arises under these various payment-timing arrangements? Academic/practical relevance: Technology advancements are increasing the variety of payment triggers between supply chain stages. However, traditional multiechelon inventory models, which were originally developed for vertically integrated systems, do not ex...
• Extended Producer Responsibility for Durable Products AI翻译
  作者：Alev, Isil; Agrawal, Vishal V.; Atasu, Atalay
  作者单位：Boston College; Georgetown University; University System of Georgia; Georgia Institute of Technology
  摘要：Problem definition: We study how extended producer responsibility (EPR) legislation implementations for durable products should differ from those for nondurable products. Academic/practical relevance: Certain unique characteristics of markets for durable products, which make designing EPR implementations more challenging, have not been explored to date in academia and practice. We fill this void by investigating the effect of EPR on durable-goods markets. Methodology: We develop a game-theoret...