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作者：Zhou, Yangfang (Helen); Scheller-Wolf, Alan; Secomandi, Nicola; Smith, Stephen
作者单位：Singapore Management University; Carnegie Mellon University; Carnegie Mellon University
摘要：We investigate the management of a merchant wind energy farm co-located with a grid-level storage facility and connected to a market through a transmission line. We formulate this problem as a Markov decision process (MDP) with stochastic wind speed and electricity prices. Consistent with most deregulated electricity markets, our model allows these prices to be negative. As this feature makes it difficult to characterize any optimal policy of our MDP, we show the optimality of a stage- and par...
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作者：Nikoofal, Mohammad E.; Gumus, Mehmet
作者单位：Toronto Metropolitan University; McGill University
摘要：This paper develops a dyadic supply chain model with one buyer who contracts the manufacturing of a new product to a supplier. Due to the lack of experience in manufacturing, the extent of supply risk is unknown to both the buyer and supplier before the time of contract. However, after the contract is accepted, the supplier may invest in a diagnostic test to acquire information about his true reliability, and use this information when deciding on a process improvement effort. Using this settin...
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作者：Saha, Rajib Lochan; Seidmann, Abraham; Tilson, Vera
作者单位：Indian School of Business (ISB); University of Rochester
摘要：Manufacturers and distributors of expensive implants and other medical supplies often require buyers to sign non-disclosure agreements treating all information concerning negotiated prices as trade secrets. Such agreements make it difficult for hospitals to obtain accurate pricing benchmarks. To save on procurement costs and to obtain pricing information, most hospitals in the United States join group purchasing organizations (GPOs). GPOs are believed to lower procurement costs by aggregating ...
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作者：Altug, Mehmet Sekip; Sahin, Ozge
作者单位：George Washington University; Johns Hopkins University
摘要：Product launch and pricing decisions in the pharmaceutical industry across different countries are complex. Although introducing a newly developed drug to every country is beneficial to patients worldwide, doing so may have adverse implications for drug developers, such as the emergence of parallel imports. We study a pharmaceutical firm that already introduced a pioneering drug in its home country, where the product is protected by patent rules. The firm decides whether to launch in a second ...
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作者：Ji, Ran; Kamrad, Bardia
作者单位：George Mason University; Georgetown University
摘要：Using a contingent claims framework, we develop a single period model in the context of an exchange option in a discounted value maximization setting. Given this framework, we study the classic problem of determining stockpiling levels prior to demand realization when the procured/produced levels are subject to random yield variations. In this set up, both demand and yield variables are modeled as Wiener processes. A pure noise (zero drift) process initially models yield dynamics. Later, we co...
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作者：Roth, Aleda; Tucker, Anita L.; Venkataraman, Sriram; Chilingerian, Jon
作者单位：Clemson University; Boston University; University of South Carolina System; University of South Carolina Columbia; Brandeis University
摘要：Hospital decision-makers face trade-offs that make it difficult to obtain the trifecta of high performance on clinical quality, patient experience, and technical efficiency. We use the term triple aim performance (TAP) to refer to the simultaneous achievement of these three goals. Using datasets from 2010 and 2012 and data envelopment analysis, we identify about 20 triple aim performance hospitals in each year among U.S. acute care hospitals with at least 200 beds. We also examine factors that...
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作者：Li, Rong; Xia, Yu; Yue, Xiaohang
作者单位：Syracuse University; William & Mary; University of Wisconsin System; University of Wisconsin Milwaukee
摘要：Many production processes not only produce desired quality products (high-end products), but also generate yield loss or Not-Quite-Perfect Products (NQPPs) that do not fully meet the quality standards. In practice, a manufacturer may choose to (1) scrap all NQPPs at a cost and carry the high-end products only, or (2) sell some or all NQPPs to a value-conscious low-end market and carry both high-end products and low-end products (NQPPs). This research studies the optimal decision on production ...
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作者：Shen, Yuelin; Willems, Sean P.; Dai, Yue
作者单位：Zhejiang University of Finance & Economics; University of Tennessee System; University of Tennessee Knoxville; Fudan University
摘要：This paper studies how a manufacturer should engage with a platform retailer and a traditional reseller. Our work is motivated by the emergence of increasingly powerful retail platforms in China's consumer electronics and appliances markets. The manufacturer pays a slotting fee and a portion of its sales revenue to the platform retailer in exchange for the opportunity to manage its own space within the retailer's store. The manufacturer can also sell its product to a traditional reseller there...
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作者：Bazhanov, Andrei; Levin, Yuri; Nediak, Mikhail
作者单位：Queens University - Canada
摘要：We consider a decentralized supply chain (DSC) under resale price maintenance (RPM) selling a limited-lifetime product to forward-looking customers with heterogeneous valuations. When customers do not know the inventory level, double marginalization under RPM leads to a higher profit and aggregate welfare than without RPM under a two-part tariff contract (TT). Both RPM and TT profits are higher and aggregate welfare is lower than in a centralized supply chain (CSC). When customers know the inv...
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作者：Hsu, Vernon N.; Lai, Guoming; Liang, Guitian
作者单位：Chinese University of Hong Kong; University of Texas System; University of Texas Austin; Jinan University
摘要：This paper studies an innovative agricultural partnership model in the dairy industry. In developing regions, farmers are constrained by limited resources, while it is costly for an enterprise to set up new facilities and raise dairy animals all on its own. Under the partnership model, dairy animals are raised by individual farmers during the maturing stage and then by the enterprise during the milking stage. This can lower the enterprise's investment cost, ensure milk quality, and also expand...
