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作者:Osadchiy, Nikolay; Gaur, Vishal; Seshadri, Sridhar
作者单位:Emory University; Cornell University; University of Texas System; University of Texas Austin
摘要:We present a method for forecasting sales using financial market information and test this method on annual data for US public retailers. Our method is motivated by the permanent income hypothesis in economics, which states that the amount of consumer spending and the mix of spending between discretionary and necessity items depend on the returns achieved on equity portfolios held by consumers. Taking as input forecasts from other sources, such as equity analysts or time-series models, we cons...
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作者:Perdikaki, Olga; Swaminathan, Jayashankar
作者单位:Texas A&M University System; Texas A&M University College Station; Mays Business School; University of North Carolina; University of North Carolina Chapel Hill
摘要:There is a growing trend in the retail industry to improve customer experience. In this article, we study retailer-initiated strategies to increase consumer valuation for a product under duopoly. In such a setting, it is possible that a consumer's valuation may be increased by one retailer; however, the consumer may decide to buy the product from the competitor. We consider a two-stage game where retailers first decide whether to invest in improvements in customer valuation and then engage in ...
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作者:Hall, Nicholas G.; Liu, Zhixin
作者单位:University System of Ohio; Ohio State University; University of Michigan System; University of Michigan
摘要:We consider the allocation of limited production capacity among several competing agents through auctions. Our focus is on the contribution of flexibility in market good design to effective capacity allocation. The application studied is a capacity allocation problem involving several agents, each with a job, and a facility owner. Each agent generates revenue by purchasing capacity and scheduling its job at the facility. Ascending auctions with various market good designs are compared. We intr...
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作者:Pedraza-Martinez, Alfonso J.; Van Wassenhove, Luk N.
作者单位:Indiana University System; Indiana University Bloomington; IU Kelley School of Business; INSEAD Business School
摘要:This article studies 4x4 vehicle replacement within the International Committee of the Red Cross (ICRC), one of the largest humanitarian organizations. ICRC policy sets the replacement of vehicles at 5 years or 150,000 km, whichever comes first. Using field data collected at the ICRC headquarters and national level we study the ICRC policy. Our results suggest that the organization can make considerable savings by adjusting its replacement policy. This study contributes to the area of logistic...
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作者:Bardhan, Indranil; Krishnan, Vish V.; Lin, Shu
作者单位:University of Texas System; University of Texas Dallas; University of California System; University of California San Diego; California State University System; California State University Fresno
摘要:The impact of information technology (IT) on the performance of distributed projects is not well understood. Although prior research has documented that dispersion among project teams has an adverse effect on project performance, the role of IT as an enabler of communication to bridge the spatial distance among team members in distributed networks has not been empirically studied. We focus on the role of IT as a moderator of the relationship between team dispersion and project performance usin...
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作者:Raz, Gal; Druehl, Cheryl T.; Blass, Vered
作者单位:University of Virginia; George Mason University; Tel Aviv University
摘要:Introducing environmental innovations in product and process design can affect the product's cost and demand, as well as the environmental impact in different stages of its life cycle (such as manufacturing and use stages). In this article, we advance understanding on where such design changes can be most effective economically to the firm and examine their corresponding environmental consequences. We consider a profit maximizing firm (newsvendor) deciding on the production quantity as well as...
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作者:Alanis, Ramon; Ingolfsson, Armann; Kolfal, Bora
作者单位:University of Alberta
摘要:We propose and analyze a two-dimensional Markov chain model of an Emergency Medical Services system that repositions ambulances using a compliance table policy, which is commonly used in practice. The model is solved via a fixed-point iteration. We validate the model against a detailed simulation model for several scenarios. We demonstrate that the model provides accurate approximations to various system performance measures, such as the response time distribution and the distribution of the n...
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作者:Azadegan, Arash; Patel, Pankaj C.; Panda, Vinit
作者单位:Rutgers University System; Rutgers University New Brunswick; Rutgers University Newark; Ball State University; Lulea University of Technology
摘要:Slack can act as a double-edged sword. While it can buffer against environmental threats to help ensure business continuity, slack can also be costly and reduce profitability. In this study we focus on operational slack, the form related to the firm's production processes. We investigate the role of operational slack on firm survival during its venture stage when its survival is significantly challenged by environmental threats. Specifically, we explore how change in three types of environment...
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作者:Guemues, Mehmet; Li, Shanling; Oh, Wonseok; Ray, Saibal
作者单位:McGill University; Korea Advanced Institute of Science & Technology (KAIST)
摘要:In this article, we study the price partitioning decisions of online retailers regarding shipping and handling (S&H) fees. Specifically, we analyze two partitioning formats used by retailers in this context. In the first scenario, retailers present customers with a price that is partitioned into a product price and a separate S&H surcharge (the PS strategy); in the second, customers are offered free shipping through a non-partitioned format where the product price already includes the shipping...
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作者:Chen, Ying-Ju; George, Shanthikumar J.; Max, Shen Zuo-Jun
作者单位:University of California System; University of California Berkeley; Purdue University System; Purdue University
摘要:In recent years, I.T.C. Limited (hereafter ITC) developed the e-Choupals for the rural areas of India. In this new business model, ITC reaches implicit agreements with some farmers (inside the network) that they can sell the products directly to ITC at the market price in the local market, but allow the farmers, both inside and outside the network, to access valuable information through the e-Choupals. In this study, we investigate ITC's incentive of offering such opportunities, especially to ...