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作者:Feng, Zhichao; Dawande, Milind; Janakiraman, Ganesh
作者单位:Chinese Academy of Sciences; University of Science & Technology of China, CAS; University of Texas System; University of Texas Dallas
摘要:While batch processes are ubiquitous across industries, there is little understanding of the determination of the capacity (i.e., the maximum long-term output rate) of such processes. In this study, we consider processes with collaboration (activities may require multiple resources simultaneously) and multitasking (the same resource may be needed for multiple activities), and characterize the capacity of an arbitrary deterministic, single-product process with batch processing and (activity) se...
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作者:De Vries, Harwin; Swinkels, Lisa E.; Van Wassenhove, Luk N.
作者单位:Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; INSEAD Business School
摘要:Improving access to family planning services is key to achieving many of the United Nations sustainable development goals. To scale up access in remote areas and urban slums, many developing countries deploy mobile family planning teams that visit outreach sites several times per year. Visit frequencies have a significant effect on the total number of clients served and hence the impact of the outreach program. Using a large dataset of visits in Madagascar, Uganda, and Zimbabwe, our study mode...
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作者:Bai, Tian; Kirshner, Samuel N.; Wu, Meng
作者单位:Xi'an Jiaotong University; University of New South Wales Sydney; Sichuan University
摘要:Experimental results support that overconfident newsvendors deviate from the optimal inventory levels to place orders closer to the mean of demand distributions, thereby lowering profits. To improve performance, we investigate whether nonstandard preferences based on prospect theory can manage overconfident newsvendors. We develop a framework where a manager determines a profit-based target, which serves as a reference point in the newsvendor's utility function. We show that target-setting can...
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作者:Chakravarty, Amiya K.
作者单位:Northeastern University
摘要:A rideshare platform acts as an aggregator that connects riders with ride providers (drivers). The drivers are independent workers who share a part of their revenue with the principal, who owns the platform. While drivers have flexible schedules, the fairness of labor contracts and control exercised by the principal have come into question lately. Suggested options include treating the drivers as employees and/or safeguarding a minimum income for them. We study a rideshare platform with blende...
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作者:Mehrotra, Mili; Schmidt, William
作者单位:University of Illinois System; University of Illinois Urbana-Champaign; Cornell University
摘要:Companies that experience a disruption in their supply chain often face a difficult decision-either accept the information that they have regarding the duration of the disruption, or invest in collecting better information. This choice is not clear since better information may not be attainable, and if it is attainable, it may not improve operational decision-making. In light of this dilemma, we collaborate with a multinational division of a Fortune 500 manufacturing firm to develop stochastic...
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作者:Fu, Ke; Gong, Xiting; Hsu, Vernon N.; Xue, Jiye
作者单位:Sun Yat Sen University; Chinese University of Hong Kong
摘要:This study considers a stochastic inventory management problem where a capital-constrained firm can obtain additional working capital through inventory-based financing (IBF) by pledging its inventory to obtain loans from a lender. We show that the firm's optimal inventory policy in each period may order new inventory up to a state-dependent order-up-to level subject to the firm's capital and IBF loan constraints, or salvage existing inventory down to a state-dependent salvage-down-to level. We...
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作者:Thevenin, Simon; Adulyasak, Yossiri; Cordeau, Jean-Francois
作者单位:IMT - Institut Mines-Telecom; IMT Atlantique; Universite de Montreal; HEC Montreal
摘要:Material Requirements Planning (MRP), a core component of enterprise resource planning (ERP) systems, is widely used by manufacturers to determine the production lot sizes of components. These lot sizes are typically computed based on deterministic and dynamic demand assumptions, while safety stocks, which hedge against demand uncertainty, are determined independently based on different assumptions. As the lot sizes and safety stocks are not determined simultaneously, sub-optimal decisions are...
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作者:Pei, Jun; Yan, Ping; Kumar, Subodha; Liu, Xinbao
作者单位:Hefei University of Technology; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要:The sharing economy has developed rapidly in recent years using both business-to-customer (B2C) and customer-to-customer (C2C) models. This has exerted a profound impact on incumbent firms that follow a traditional sales model. Although the effects of B2C or C2C sharing in certain scenarios have been studied by prior literature, the effect of external B2C sharing has not been considered. Furthermore, the possible distinction between the two sharing effects as well as incumbent firms' decisions...
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作者:Ayvaz-cavdaroglu, Nur; Kazaz, Burak; Webster, Scott
作者单位:Kadir Has University; Syracuse University; Arizona State University; Arizona State University-Tempe
摘要:We consider a for-profit cooperative that sets a quality-based payment to its risk-averse farmers in order to incentivize them to invest in quality improvements. The quality of the farmer's harvest is affected by his investments during the growing season. To satisfy both the farmer and the cooperative, the payment must be competitive with the open-market prices. Cooperatives often set payments that mimic the open-market prices; however, this practice fails to incentivize farmers to invest in q...
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作者:Yin, Qianbo; Huang, Kwei-Long; Kuo, Chia-Wei; Zhou, Sean X.
作者单位:Shanghai University of Finance & Economics; National Taiwan University; National Taiwan University; Chinese University of Hong Kong
摘要:We consider add-on pricing in a distribution channel where a retailer sells a base good and an add-on, supplied by two manufacturers, respectively, to consumers. The retailer decides whether to sell the two products through either bundling or add-on pricing and sets the corresponding retail prices. Under add-on pricing, the add-on price is unobservable to consumers when they make the purchase decision of the base good. Each manufacturer, if independent of the retailer, sets the wholesale price...