Production and Operations Management

最新文章

• Industry 4.0 Technologies: Empirical Impacts and Decision Framework AI翻译
  作者：Bai, Chunguang; Li, H. Alice; Xiao, Yongbo
  作者单位：University of Electronic Science & Technology of China; University System of Ohio; Ohio State University; Tsinghua University
  摘要：Industry 4.0 technologies have been regarded as powerful means to enhance a firm's competitiveness in the Internet of Things environment. However, implementing Industry 4.0 technologies calls for considerable capital expenditure and might interrupt normal production in the short term. This study conducts an empirical analysis of the impact of investing in Industry 4.0 technologies based on a sample of 563 investment announcements of publicly listed firms on the Shanghai Stock Exchange and Shen...
• Knowledge Outsourcing From a Consultant: Implications of Absorptive Capacity and Knowledge Reuse AI翻译
  作者：Gaimon, Cheryl; Lee, Jaeseok; Ramachandran, Karthik; Wang, Zeya
  作者单位：Georgia Institute of Technology; University System of Georgia; Georgia Institute of Technology; Coastal Carolina University; University System of Ohio; University of Dayton
  摘要：Consider a client who has a problem she cannot solve by a given due date, and a consultant engaged to help. The consultant sets the price for knowledge outsourcing to maximize his profit. The client sets the quantity of knowledge outsourcing and the portion of the problem she solves in-house to minimize her cost. The client benefits from knowledge outsourcing only to the extent that she has absorptive capacity to understand and utilize that knowledge. In this context, absorptive capacity is dr...
• Assortment Optimization in the Presence of Focal Effect: Operational Insights and Efficient Algorithms AI翻译
  作者：Jiang, Bo; Wang, Zizhuo; Xue, Chenyu; Zhang, Nanxi
  作者单位：Shanghai University of Finance & Economics; Shanghai University of Finance & Economics; Shanghai University of Finance & Economics; The Chinese University of Hong Kong, Shenzhen; East China University of Science and Technology; Western University (University of Western Ontario)
  摘要：The assortment provided by the seller can influence customers' evaluation of item utility. A possible consequence is that certain items in an assortment become focal items to customers, and customers over-evaluate their utilities. We refer to this phenomenon as the focal effect. Kovach and Tserenjigmid (2022) recently propose a focal Luce model (FLM) to describe customers' choices in the presence of the focal effect. The merit of the FLM lies in its flexibility to model different consumer psyc...
• Robust Monopoly Pricing With Asymmetric Information AI翻译
  作者：Chen, Zhou; He, Simai; Wang, Zhen; Zheng, Meng
  作者单位：Southeast University - China; Shanghai Jiao Tong University; Shanghai University of Finance & Economics; Shanghai University of Finance & Economics
  摘要：This study investigates a robust monopoly pricing problem, where a seller seeks to maximize expected revenue when selling a product to a buyer with limited information, specifically knowing only the mean, variance, and asymmetric information (semivariance) of the buyer's valuation distribution. We explore both deterministic and randomized pricing strategies and evaluate their performance under these constraints. We formulate two maximin problems aimed at maximizing the worst-case expected reve...
• Diamonds in the Rough: Leveraging Click Data to Spotlight Underrated Products AI翻译
  作者：Modaresi, Sajad; Emadi, Seyed Morteza; Deshpande, Vinayak
  作者单位：University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine
  摘要：We study the click and purchase behavior of customers in an online retail setting by employing a structural estimation approach. In particular, we aim to understand the impact of the information available to the customer before and after the click on the customer's search and purchase behavior. We propose a sequential discrete choice framework to model the customer's search strategy, where the customer repeatedly decides between continuing her search by clicking on a product, or stopping her s...
• Mitigating Supply Risk with Limited Information: Emergency Supply and Responsive Pricing AI翻译
  作者：Xing, Guomin; Chen, Zhi; Zhong, Yuanguang; Zhou, Yong-Wu
  作者单位：South China University of Technology; City University of Hong Kong
  摘要：We investigate the implications and interplay of emergency supply and responsive pricing-two effective strategies to mitigate supply risk-in response to yield randomness with limited distributional information. Specifically, we adopt a distribution-free approach to study an ambiguity-averse monopoly's joint price and production decisions given the random yield's mean and variance-arguably two of the most widely used and easy-to-estimate summary statistics. We derive for four models, which resu...
• Buy-Online-Pick-Up-At-Store Benefits Supply Chains Considering Supplier Encroachment AI翻译
  作者：Huang, Shihao; Xie, Hang; Zhang, Yudi; Chiu, Chun-Hung
  作者单位：Sun Yat Sen University; University of Liverpool
  摘要：Buy-online-pick-up-at-store (BOPS) is a prevalent strategy in omnichannel retailing. It is widely adopted by retailers, such as Target and Walmart, to attract customers via providing real-time information on product inventory and instant in-store pickup. This strategy is distinguished by its integration of online and offline channels, offering an exclusive service when compared to suppliers who operate solely online. Intuitively, BOPS enhances the competitive advantage of retailers, thereby co...
• The hidden world of trade credit: The flexibility role of late payments AI翻译
  作者：Wu, Jing; Lee, Hsiao-Hui; Birge, John R.
  作者单位：Chinese University of Hong Kong; National Chengchi University; University of Chicago
  摘要：Trade credit is a dominant source of short-term financing in supply chains, yet little is known about how firms repay trade credit in practice because data on realized payment timing are rarely available. Using a unique dataset from Dun & Bradstreet that contains supplier-reported late payment records, we examine how firms manage payment timing in their supply chain relationships. We propose and empirically support a framework that distinguishes between flexibility-driven and distress-driven p...
• Should a retailer disclose its unit variable costs in monopoly and duopoly markets AI翻译
  作者：Yu, Jiayi Joey; Tang, Christopher S.; Li, Musen Kingsley
  作者单位：Fudan University; University of California System; University of California Los Angeles; Shanghai University
  摘要：Should a retailer disclose its variable costs to consumers? While disclosing variable costs (e.g., material cost, production cost, and shipping cost) can build consumer trust through transparency, it may also lead to resentment if the actual gross profit margin, deduced from the disclosed costs, is perceived as excessively high. By incorporating key findings from behavioral experiments in the literature, we present an exploratory model to examine if and when a firm should disclose its variable...
• Product Recall Contagion in the Supply Chain AI翻译
  作者：Pupovac, Ljubomir; Astvansh, Vivek; Carrillat, Francois; Legoux, Renaud
  作者单位：University of New South Wales Sydney; McGill University; McGill University; Indiana University System; Indiana University Bloomington; Indiana University System; Indiana University Bloomington; Griffith University; Universite de Montreal; HEC Montreal
  摘要：Following a manufacturer's large product recall, its supplier's shareholders may perceive uncertain future demand for the supplier's products and react punitively, causing a drop in the supplier's stock return-that is, a contagion (or negative spillover). Moreover, shareholders' information asymmetry may cause them to screen the supplier's information cues to determine the supplier's extent of demand uncertainty. The ideal screen is the supplier's proportion of sales revenue from the recalling...