Production and Operations Management

最新文章

• Managing presales with two payments and return policy when consumers are time-inconsistent AI翻译
  作者：Kuang, Yunjuan; Jiang, Li
  作者单位：Hong Kong Polytechnic University
  摘要：We consider a firm using presales with two payments-including an upfront deposit and a postponed arrear-to sell a product to time-inconsistent consumers under various return policies. With the passage of time, consumers decide whether to preorder the product by paying the deposit, whether to settle the balance by paying the arrear by the due date, and, when returns are allowed, whether to return a fully paid product for a refund after its fitness is revealed. Canceling a preorder before settli...
• Customer segmentation and ex ante fairness: A queueing perspective AI翻译
  作者：Liu, Jian; Zhou, Yong-Pin; Chen, Jian
  作者单位：Nanjing University of Information Science & Technology; University of Washington; University of Washington Seattle; Tsinghua University
  摘要：In this study, we analyze how customer perceptions of ex ante unfairness affect a service provider that offers a priority service option. Customers differ in their waiting time costs, but that information is private to each customer. To address this issue and maximize revenue, the service provider offers a regular queue and a priority queue with an additional fee, thereby inducing the self-selection of customers into those two queues. The customers make their service-joining decision, based on...
• Unpacking the cognitive processes of the boundedly rational newsvendor AI翻译
  作者：Niranjan, Tarikere T.; Ghosalya, Narendra K.; Menon, Raveen R.; Rotaru, Kristian; Gavirneni, Srinagesh
  作者单位：Indian Institute of Technology System (IIT System); Indian Institute of Technology (IIT) - Bombay; Monash University; Monash University; Monash University; Cornell University
  摘要：We report on the findings of five controlled experiments that test the effectiveness of proposed interventions aiming to improve both the process and outcomes of decision making when performing the newsvendor task. We use eye-tracking technology aided by interviews to gain new insights into people's cognitive processes. Our results confirm that human newsvendors exhibit the tendency of mean-reverting demand prediction using past demand even when the demand is independent and identically distri...
• Equitable distribution of perishable items in a food bank supply chain AI翻译
  作者：Orgut, Irem Sengul; Lodree, Emmett J.
  作者单位：University of Alabama System; University of Alabama Tuscaloosa; University of Alabama System; University of Alabama Tuscaloosa
  摘要：In the United States, food banks play an important role in helping to reduce the rate of food insecurity by distributing donated food among the population in need. One of the challenges that food banks face is to equitably distribute food donations among their clients such that, ideally, each recipient receives the same amount of food. They aim to do so while minimizing waste that occurs due to spoilage and capacity limitations. Perishable food items present specific challenges since they are ...
• ICU capacity expansion under uncertainty in the early stages of a pandemic AI翻译
  作者：Gambaro, Anna Maria; Fusai, Gianluca; Sodhi, ManMohan S.; May, Caterina; Morelli, Chiara
  作者单位：University of Eastern Piedmont Amedeo Avogadro; City St Georges, University of London; City St Georges, University of London
  摘要：We propose a general modular approach to support decision-makers' response in the early stages of a pandemic with resource expansion, motivated by the shortage of Covid-19-related intensive care units (ICU) capacity in 2020 in Italy. Our approach uses (1) a stochastic extension of an epidemic model for scenarios of projected infections, (2) a capacity load model to translate infections into scenarios of demand for the resources of interest, and (3) an optimization model to allocate this demand...
• Partial vertical ownership in the presence of downstream competition AI翻译
  作者：Fang, Fang; Jiang, Baojun; Sun, Jiong
  作者单位：California State University System; California State University Los Angeles; Washington University (WUSTL); Purdue University System; Purdue University; Purdue University System; Purdue University
  摘要：Firms sometimes acquire partial ownership of their upstream suppliers. Such ownership entails no direct control over the target firm's decision-making; however, both firms might change their pricing strategies after forming a partial ownership relationship. This paper studies the economic impacts of partial vertical ownership (PVO) in a market with downstream competition, where a manufacturer supplies two competing retailers. We find that dividend payments between firms can alter firms' incent...
• Effects of consumers' context-dependent preferences on product bundling AI翻译
  作者：Yin, Qianbo; Jiang, Baojun; Zhou, Sean Xiang
  作者单位：Shanghai University of Finance & Economics; Washington University (WUSTL); Chinese University of Hong Kong; Washington University (WUSTL)
  摘要：Bundling can change consumers' choice set and affect their purchase decision. It is well documented that consumers' preferences depend on the bundling context. In this paper, we investigate the effects of consumers' context-dependent preferences (CDPs) on the firm's optimal bundling strategy in various competitive situations. We consider a market where a monopolist firm in product category A also sells a product in product category B. We analyze three scenarios in category B: (1) an independen...
• Contracting with multiple suppliers: A multi-item buyer's make versus buy decision AI翻译
  作者：Chaturvedi, Aadhaar
  作者单位：University of Auckland
  摘要：We consider a multi-item buyer's make versus buy decision. The buyer sells two substitutable products with uncertain demand. Each product requires a different item, which the buyer procures from two separate suppliers (one for each item) who offer quantity-payment contracts under asymmetric information. The buyer can make one of the items but not both. We compare the buyer's expected profit between buying both the items and making one item (and buying the other), when it can make the item at t...
• Display optimization under the multinomial logit choice model: Balancing revenue and customer satisfaction AI翻译
  作者：Feldman, Jacob; Jiang, Puping
  作者单位：Washington University (WUSTL); Shanghai Jiao Tong University; Washington University (WUSTL)
  摘要：In this paper, we consider an assortment optimization problem in which a platform must choose pairwise disjoint sets of assortments to offer across a series of T stages. Arriving customers begin their search process in the first stage, and progress sequentially through the stages until their patience expires, at which point they make a multinomial logit-based purchasing decision from among all products they have viewed throughout their search process. The goal is to choose the sequential displ...
• Commitment strategies and inventory decisions under supply disruption risk AI翻译
  作者：Wu, Lezhen; Wu, Xiaole; Zhou, Yu
  作者单位：Fudan University; Chongqing University
  摘要：Pandemics, trade frictions, and military conflicts may disrupt manufacturers' production capacity. This paper develops a two-period supply chain model with supply disruption risk in the second period to investigate inventory decisions and the manufacturer's commitment strategies. We consider three strategies: no commitment, price commitment, and inventory commitment. Inventory holding within the supply chain is investigated under each strategy, and the dominant strategy is determined by compar...