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作者:Vossen, Thomas W. M.; Zhang, Dan
作者单位:University of Colorado System; University of Colorado Boulder
摘要:The linear programming approach to approximate dynamic programming has received considerable attention in the recent network revenue management (RM) literature. A major challenge of the approach lies in solving the resulting approximate linear programs (ALPs), which often have a huge number of constraints and/or variables. Starting from a recently developed compact affine ALP for network RM, we develop a novel dynamic disaggregation algorithm to solve the problem, which combines column and con...
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作者:Anderson, Edward James; Yang, Shu-Jung Sunny
作者单位:University of Sydney; University of Southampton; Solent University
摘要:We study competitive capacity investment for the emergence of a new market. Firms may invest either in capacity leading demand or in capacity lagging demand at different costs. We show how the lead time and other operational factors including volume flexibility, existing capacity, and demand uncertainty impact equilibrium outcomes. Our results indicate that a type of bandwagon behavior is the most likely equilibrium outcome: if both firms are going to invest, then they are most likely to act i...
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作者:Ketzenberg, Michael; Bloemhof, Jacqueline; Gaukler, Gary
作者单位:Texas A&M University System; Texas A&M University College Station; Wageningen University & Research; Claremont Colleges; Claremont Graduate University
摘要:We address the use and value of time and temperature information to manage perishables in the context of a retailer that sells a random lifetime product subject to stochastic demand and lost sales. The product's lifetime is largely determined by the temperature history and the flow time through the supply chain. We compare the case in which information on flow time and temperature history is available and used for inventory management to a base case in which such information is not available. ...
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作者:Andritsos, Dimitrios A.; Aflaki, Sam
作者单位:Hautes Etudes Commerciales (HEC) Paris
摘要:We examine the effect of a hospital's objective (i.e., non-profit vs. for-profit) in hospital markets for elective care. Using game-theoretic analysis and queueing models to capture the operational performance of hospitals, we compare the equilibrium behavior of three market settings in terms of such criteria as waiting times and patient costs from waiting and hospital payments. In the first setting, a monopoly, patients are served exclusively by a single non-profit hospital; in the second, a ...
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作者:Karmarkar, Uday S.; Kim, Kihoon; Rhim, Hosun
作者单位:University of California System; University of California Los Angeles; Korea University
摘要:All major world economies are exhibiting a shift from products to services in terms of relative share of GNP and employment. A well accepted explanation for this shift to services has been the lower productivity growth in services relative to manufacturing. A second trend visible in the United States and other advanced economies is that from material-intensive to information-intensive sectors with the latter growing relative to the former. There does not seem to be a generally accepted explana...
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作者:Mak, Vincent; Gisches, Eyran J.; Rapoport, Amnon
作者单位:University of Cambridge; University of Arizona; University of California System; University of California Riverside
摘要:We report the results of an experimental study of route choice in congestible networks with a common origin and common destination. In one condition, in each round of play network users independently committed themselves at the origin to a three-segment route; in the other condition, they chose route segments sequentially at each network junction upon receiving en route information. At the end of each round, players received ex-post complete information about the distribution of the route choi...
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作者:Gao, Fei; Chen, Jian
作者单位:University of Pennsylvania; Tsinghua University
摘要:Online discount voucher market In the discount voucher market, customers usually face two types of valuation uncertainty, namely, preference uncertainty and consumption state uncertainty. Preference uncertainty is related to the customer's lack of relevant experience with the merchant, whereas consumption state uncertainty is related to the advance selling nature of the discount voucher mechanism. By taking a comprehensive perspective (i.e., considering revenue management and promotion effect ...
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作者:Maglaras, Costis; Eren, Serkan
作者单位:Columbia University
摘要:We propose a tractable, data-driven demand estimation procedure based on the use of maximum entropy (ME) distributions, and apply it to a stochastic capacity control problem motivated from airline revenue management. Specifically, we study the two fare class Littlewood problem in a setting where the firm has access to only potentially censored sales observations; this is also known as the repeated newsvendor problem. We propose a heuristic that iteratively fits an ME distribution to all observ...
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作者:Ritzman, Larry P.
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作者:Wang, Jingqi; Shin, Hyoduk
作者单位:University of Hong Kong; University of California System; University of California San Diego
摘要:We consider a supply chain with an upstream supplier who invests in innovation and a downstream manufacturer who sells to consumers. We study the impact of supply chain contracts with endogenous upstream innovation, focusing on three different contract scenarios: (i) a wholesale price contract, (ii) a quality-dependent wholesale price contract, and (iii) a revenue-sharing contract. We confirm that the revenue-sharing contract can coordinate supply chain decisions including the innovation inves...