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作者：Chen, Ming; Chen, Zhi-Long
作者单位：California State University System; California State University Long Beach; University System of Maryland; University of Maryland College Park
摘要：Dynamic pricing enables a firm to increase revenue by better matching supply with demand, responding to shifting demand patterns, and achieving customer segmentation. In the last 20years, numerous success stories of dynamic pricing applications have motivated a rapidly growing research interest in a variety of dynamic pricing problems in the academic literature. A large class of problems that arise in various revenue management applications involve selling a given amount of inventory over a fi...
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作者：Chen, Heng; Solak, Senay
作者单位：University of Massachusetts System; University of Massachusetts Amherst
摘要：Optimized profile descent (OPD) is an operating procedure being used by airlines to improve fuel and environmental efficiency during arrival operations at airports. In this study, we develop a stochastic dynamic programming framework to manage the sequencing and separation of flights during OPD operations. We find that simple calculation based measures can be used as optimal decision rules, and that the expected annual savings can be around $29 million if such implementations are adapted by ma...
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作者：Mishra, Anant; Das, Sidhartha; Murray, James
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作者：Mani, Vidya; Kesavan, Saravanan; Swaminathan, Jayashankar M.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of North Carolina; University of North Carolina Chapel Hill
摘要：In this study, we use hourly data on store traffic, sales, and labor from 41 stores of a large retail chain to identify the extent of understaffing in retail stores and quantify its impact on sales and profitability. Using an empirical model motivated from queueing theory, we calculate the benchmark staffing level for each store, and establish the presence of systematic understaffing during peak hours. We find that all 41 stores in our sample are systematically understaffed during a 3-hour pea...
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作者：Amornpetchkul, Thunyarat (Bam); Duenyas, Izak; Sahim, Oezge
作者单位：National Institute of Development Administration - Thailand; University of Michigan System; University of Michigan; Johns Hopkins University
摘要：In this study, we consider a supplier's contract offerings to a buyer who may obtain improved forecasts for her demand over time. We investigate how the supplier can take advantage of the buyer's better forecasts and what kind of contracts he should offer to the buyer in order to maximize his profits. We model a natural forecast evolution where the buyer can obtain a more accurate forecast closer to the selling season. We assume there is information asymmetry between the buyer and the supplier...
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作者：Chen, Ying-Ju; Shanthikumar, J. George; Shen, Zuo-Jun Max
作者单位：Hong Kong University of Science & Technology; Hong Kong University of Science & Technology; Purdue University System; Purdue University; University of California System; University of California Berkeley; University of California System; University of California Berkeley
摘要：This study examines the peer-to-Peer interactions among farmers when both knowledge learning and sharing are available. We construct a stylized model in which heterogeneous farmers are endowed with their initial production capabilities and can post questions in the platform for help. A representative expert regularly monitors the forum and provides answers to the farmers' questions, but may be non-responsive sometimes due to the limited capacity. A knowledgeable core user (farmer) can choose t...
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作者：Bichler, Martin; Guler, Kemal; Mayer, Stefan
作者单位：Technical University of Munich; Hewlett-Packard
摘要：We analyze if and when symmetric Bayes Nash equilibrium predictions can explain human bidding behavior in multi-object auctions. We focus on two sealed-bid split-award auctions with ex ante split decisions as they can be regularly found in procurement practice. These auction formats are straightforward multi-object extensions of the first-price sealed-bid auction. We derive the risk-neutral symmetric Bayes Nash equilibrium strategies and find that, although the two auction mechanisms yield the...
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作者：Whitt, Ward
作者单位：Columbia University
摘要：We develop stochastic models to help manage the pace of play on a conventional 18-hole golf course. These models are for group play on each of the standard hole types: par-3, par-4, and par-5. These models include the realistic feature that k-2 groups can be playing at the same time on a par-k hole, but with precedence constraints. We also consider par-3 holes with a wave-up rule, which allows two groups to be playing simultaneously. We mathematically determine the maximum possible throughput ...
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作者：Saladin, Brooke A.; Shang, Guangzhi; Fry, Timothy D.; Donohue, Joan M.
作者单位：Wake Forest University; State University System of Florida; Florida State University; University of South Carolina System; University of South Carolina Columbia
摘要：The Production and Operations Management Society is the largest professional society dedicated to creating and disseminating knowledge in product and process design, operations, and supply chains for the management of manufacturing and services. Its research journal, Production and Operations Management (POM), covers all topics in the discipline and all research paradigms to serve the entire community. Since its inception in 1992, POM has become recognized as a top tier outlet for operations m...
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作者：Vossen, Thomas W. M.; Zhang, Dan
