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作者:Smith, Stephen A.; Agrawal, Narendra
作者单位:Santa Clara University
摘要:We analyze how inventory dependence of demand affects the optimal pricing and distribution of inventory across multiple retail locations. Our problem formulation corresponds to the typical markdown management decisions in a retail chain. The solution methodology determines the optimal combinations of three important operational levers-pricing, inventory allocation, and store consolidation. Inventory dependence causes the optimal price trajectory to decrease over time as the current on-hand inv...
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作者:Jansen, Maria C.; Ozaltin, Osman Y.
作者单位:North Carolina State University
摘要:Inspired by the U.S. influenza vaccine market, we formulate a Cournot competition model with asymmetric firms facing capacity constraints and yield uncertainty. We derive the equilibrium of this model by defining a score that ranks firms based on their capacity, unit production cost, random yield mean, and variance. In particular, we show a threshold structure. Firms that have scores above a threshold produce at full capacity, while other firms produce less than their capacities in the equilib...
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作者:He, Long; Mak, Ho-Yin; Rong, Ying; Shen, Zuo-Jun Max
作者单位:National University of Singapore; University of Oxford; Shanghai Jiao Tong University; University of California System; University of California Berkeley; University of California System; University of California Berkeley
摘要:Emerging collaborative consumption business models have shown promise in terms of both generating business opportunities and enhancing the efficient use of resources. In the transportation domain, car-sharing models are being adopted on a mass scale in major metropolitan areas worldwide. This mode of servicized mobility bridges the resource efficiency of public transit and the flexibility of personal transportation. Beyond the significant potential to reduce car ownership, car sharing shows pr...
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作者:Bellos, Ioannis; Ferguson, Mark; Toktay, L. Beril
作者单位:George Mason University; University of South Carolina System; University of South Carolina Columbia; University System of Georgia; Georgia Institute of Technology
摘要:Several auto manufacturers have recently introduced car sharing programs. Although the structure of most programs is the same, there is no clear dominant strategy for the type of vehicles that should be provided through car sharing. In this paper, we consider an original equipment manufacturer (OEM) that contemplates car sharing and designs its product line by accounting for the trade-off between driving performance and fuel efficiency under CAFE standards. Customers have different valuations ...
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作者:Ha, Albert Y.; Tian, Quan; Tong, Shilu
作者单位:Hong Kong University of Science & Technology; Guangzhou University; The Chinese University of Hong Kong, Shenzhen
摘要:We consider the problem of sharing demand information in two competing supply chains, each consisting of one manufacturer and one retailer. Information sharing allows a manufacturer's wholesale price to respond to demand signal, which benefits the supply chain if the manufacturer is efficient in cost reduction and hurts it otherwise. It also allows a manufacturer's cost reduction level to respond to demand signal, which always benefits the supply chain. A supply chain that engages in informati...
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作者:Gallien, Jeremie; Scheller-Wolf, Alan
作者单位:University of London; London Business School; Carnegie Mellon University
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作者:Besbes, Omar; Gur, Yonatan; Zeevi, Assaf
作者单位:Columbia University; Stanford University
摘要:A new class of online services allows Internet media sites to direct users from articles they are currently reading to other content they may be interested in. This process creates a browsing path along which there is potential for repeated interaction between the user and the provider, giving rise to a dynamic optimization problem. A key metric that often underlies this recommendation process is the click-through rate (CTR) of candidate articles. Whereas CTR is a measure of instantaneous clic...
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作者:Ferreira, Kris Johnson; Lee, Bin Hong Alex; Simchi-Levi, David
作者单位:Harvard University; Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
摘要:We present our work with an online retailer, Rue La La, as an example of how a retailer can use its wealth of data to optimize pricing decisions on a daily basis. Rue La La is in the online fashion sample sales industry, where they offer extremely limited-time discounts on designer apparel and accessories. One of the retailer's main challenges is pricing and predicting demand for products that it has never sold before, which account for the majority of sales and revenue. To tackle this challen...
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作者:Atan, Zumbul; de Kok, Ton; Dellaert, Nico P.; van Boxel, Richard; Janssen, Fred
作者单位:Eindhoven University of Technology; ASML Holding
摘要:We study an assembly system with a number of parallel multistage processes feeding a multistage final assembly process. Each stage has a stochastic throughput time. We assume that the system is controlled by planned leadtimes at each stage. From these planned leadtimes the start and due times of all stages can be derived. If a job finishes at a particular stage and has to wait before the start of the next job(s), a holding cost proportional to the waiting time is incurred. A penalty cost propo...
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作者:Ang, Erjie; Kwasnick, Sara; Bayati, Mohsen; Plambeck, Erica L.; Aratow, Michael
作者单位:Stanford University
摘要:This paper proposes the Q-Lasso method for wait time prediction, which combines statistical learning with fluid model estimators. In historical data from four remarkably different hospitals, Q-Lasso predicts the emergency department (ED) wait time for low-acuity patients with greater accuracy than rolling average methods (currently used by hospitals), fluid model estimators (from the service operations management literature), and quantile regression methods (from the emergency medicine literat...