Production and Operations Management

最新文章

• Product-line pricing with dual objective of profit and consumer surplus AI翻译
  作者：Huh, Woonghee T.; Li, Hongmin
  作者单位：University of British Columbia; Arizona State University; Arizona State University-Tempe; University of British Columbia
  摘要：In many settings, consumer surplus directly impacts a firm or organization's objective, and the profit-only objective becomes inadequate. Our paper is the first to consider the dual objective of profit and consumer surplus in multi-product pricing under the multinomial logit demand, where the prices are continuously set. We define a firm's marginal consumer surplus as its marginal contribution to the expected customer utility transformed into monetary unit. Although the profit is concave in th...
• The periodic review model with independent age-dependent lifetimes AI翻译
  作者：Clarkson, Jake; Voelkel, Michael A.; Sachs, Anna-Lena; Thonemann, Ulrich W.
  作者单位：Universite Cote d'Azur; University of Cologne; Lancaster University; Lancaster University
  摘要：A retailer places orders periodically for items that are shipped by a wholesaler. Items that are not sold perish randomly and independently of one another, with the perish probability depending on the age class. We consider a first-in-first-out policy for depleting items. We model this problem as a Markov decision process with stochastic demand, unit holding, outdating and ordering costs, plus unit penalty costs for lost sales. We prove convexity for the penultimate period and show convexity m...
• Pricing on-demand services: Alternative ways of combining usage and access fees AI翻译
  作者：Gangwar, Manish; Bhargava, Hemant K.
  作者单位：Indian School of Business (ISB); University of California System; University of California Davis
  摘要：Many firms are adopting an everything or anything as a service-XaaS-model to sell goods and value-added services. Buyers for such goods are heterogeneous both in the number of units they desire and the valuations for each unit. Suppliers designing such revenue models can offer either a usage-based per-unit fee or an access-based per-period fee, often combining them both as a nonlinear two-part tariff plan that imposes both types of fees on all buyers or let buyers self-select from a menu of pe...
• (Un)conditional collection policies on used products with strategic customers AI翻译
  作者：Dong, Chang; Lei, Yong; Liu, Qian
  作者单位：Durham University; Southwestern University of Finance & Economics - China; Hong Kong University of Science & Technology
  摘要：For generation products characterized by frequent releases of new versions, when a new version is introduced to the market, the current version usually still has a remaining useful life. This creates a challenge for a firm to manage used product collection and upgraded product introductions at the same time, especially with the presence of a secondary market. This paper develops an analytical model to study the design and evaluation of two widely adopted collection policies for used products. ...
• Cooperative security against interdependent risks AI翻译
  作者：Gopalakrishnan, Sanjith; Sankaranarayanan, Sriram
  作者单位：McGill University; Indian Institute of Management (IIM System); Indian Institute of Management Ahmedabad; McGill University
  摘要：Firms in interorganizational networks are exposed to interdependent risks that are transferable across partner firms, such as contamination in food supply chains or data breaches in technology networks. They can be decomposed into intrinsic risks a firm faces from its own operations and extrinsic risks transferred from its partners. Firms have access to two security strategies: either they can independently eliminate both intrinsic and extrinsic risks by securing their links with partners or, ...
• Managing pandemics: A POM perspective and directions for future research AI翻译
  作者：Anderson, Edward; Gupta, Sushil; Joglekar, Nitin; Starr, Martin
  作者单位：University of Texas System; University of Texas Austin; State University System of Florida; Florida International University; Boston University; Rollins College; Columbia University; Boston University
  摘要：COVID-19 pandemic has revealed how unprepared operations and supply chain professionals are for abnormal conditions. Understanding how the production and operations management field can affect the trajectory and especially the remediation of pandemics is a critical, but understudied, area of research from descriptive, predictive, and prescriptive perspectives. Fourteen research articles in this special issue have attempted to fill this gap with rigor. We first summarize these articles in six c...
• Determining maximum shipping age requirements for shelf life and food waste management AI翻译
  作者：Akkas, Arzum; Honhon, Dorothee
  作者单位：Boston University; University of Texas System; University of Texas Dallas
  摘要：Products approaching the end of their shelf life on retail store shelves are more likely to result in food waste. For this reason, manufacturers establish shipping policies related to the age of the products that leave their warehouses, that is, they set a maximum age beyond which shipping to retail stores is no longer allowed. In practice, most existing policies are simple one-size-fits-all rules that do not accommodate the varying characteristics of the products. We offer a framework that ma...
• Dynamic incentives for sustainable contract farming AI翻译
  作者：Zhang, Wei; Gao, Long; Zolghadr, Mohammad; Jian, Dawei; El Hafsi, Mohsen
  作者单位：Zhejiang University; University of California System; University of California Riverside; University of Wisconsin System; University of Wisconsin Milwaukee; University of California System; University of California Riverside
  摘要：The rise of contract farming has transformed millions of farmers' lives. We study a new class of contract farming problems, where the farmer holds superior information and can invest effort to improve productivity over time. Despite their prevalence, the literature offers little guidance on how to manage such farmers with dynamic incentives. We build a game-theoretic model that captures the dynamic incentives of learning and gaming, with hidden action and information. We characterize the optim...
• Co-op advertising in randomly fluctuating markets AI翻译
  作者：Han, Jinhui; Sethi, Suresh P.; Siu, Chi Chung; Yam, Sheung Chi Phillip
  作者单位：Chinese University of Hong Kong; University of Texas System; University of Texas Dallas; Hang Seng University of Hong Kong
  摘要：We consider a dynamic Stackelberg game between a manufacturer and a retailer facing a randomly changing market environment (boom-bust cycle) modeled as a Markov process over time. The manufacturer announces the national advertising effort and a cooperative (co-op) advertising subsidy, and the retailer sets the local advertising effort. We derive the optimal feedback equilibrium advertising strategies and show that the channel members are forward-looking in their advertising decisions. In the s...
• Sequential versus concurrent final phase product development: Approval uncertainty, time-sensitive consumers, asymmetric competition, and government subsidy AI翻译
  作者：Limon, Yasemin; Tang, Christopher S.; Tanrisever, Fehmi
  作者单位：Ihsan Dogramaci Bilkent University; University of California System; University of California Los Angeles
  摘要：Should a firm begin its production even before its new product is approved? In a competitive market with time-sensitive consumers, a firm may choose to adopt the concurrent process by conducting the approval process and the production process in parallel so that the product will become available for sale once approved. However, to avoid incurring upfront (production related) investments that are nonrecoverable should the product fail to receive approval, a firm may opt for the sequential proce...