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作者:Chung, Doug J.; Seo, Kyoungwon; Song, Reo
作者单位:University of Texas System; University of Texas Austin; Seoul National University (SNU); California State University System; California State University Long Beach; Seoul National University (SNU)
摘要:Discrete games provide the means to analyze market dynamics with limited data. However, computing such games with many players-especially in a complete information setting-is computationally infeasible because the strategy space increases exponentially with the number of players. This study presents a novel and practical method to compute and estimate discrete games. To do so, the study introduces two methodological innovations. First, we develop an efficient simulator that requires fewer rand...
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作者:Zhang, Ruijie; Han, Xiaohua; Wang, Rowan; Zhang, Jianghua; Zhang, Yinghao
作者单位:China Europe International Business School; Guangdong University of Foreign Studies; Southern University of Science & Technology; Shandong University; University System of Ohio; University of Cincinnati; Southern University of Science & Technology
摘要:Appointment systems are widely adopted in many service organizations. The simplest and most common format is the equally-spaced (ES) system, in which the inter-appointment times between consecutive arrivals are equal. One major drawback of such a system is the long expected waiting time for later arrivals, which makes later appointment positions unappealing to customers. As a result, customers who take these positions are more likely to abandon their appointments, leading to a higher no-show r...
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作者:Guo, Jia; Keskin, Burcu B.
作者单位:California State University System; California State University East Bay; University of Alabama System; University of Alabama Tuscaloosa; University of Alabama System; University of Alabama Tuscaloosa
摘要:We study the optimal supply chain design for a dual-channel retailer that operates physical and web-based stores and has traditionally managed each one separately. With increased pressures from customers and decreased profits due to marked-down leftover inventories in each channel, the retailer considers integrating the supply chain operations of both channels and using in-store inventory more effectively across different channels. In contrast to the existing literature, we focus on the firm's...
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作者:Cui, Zheng; Ding, Jianpeng; Long, Daniel Zhuoyu; Zhang, Lianmin
作者单位:Zhejiang University; Nanjing University of Finance & Economics; Chinese University of Hong Kong; Shenzhen Research Institute of Big Data; Hohai University; Nanjing University of Finance & Economics
摘要:We study a two-stage resource pooling problem with multiple resources and customers. The central decision-maker decides the capacity level of the resources within a total budget before the realization of uncertain demand. Then, the fulfillment policy is determined by individual service-level requirements. We use a robust satisficing framework to formulate the problem and allow ambiguity in the distribution of demand. Moreover, we introduce a new utility-based probability distance allowing the ...
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作者:Li, Baixun; Li, Meng; Liang, Chao
作者单位:Shantou University; University of Houston System; University of Houston; China Europe International Business School
摘要:In this paper, we examine the effects of the cry-wolf syndrome in a setting where a manufacturer hires a forecaster to make a recommendation on the capacity decision. In this context, we define cry wolf as a behavioral syndrome in which the manufacturer becomes less compliant with a forecaster's valuable recommendation after the forecaster's prior recommendation is known to be ex post nonoptimal. We find that, although the cry-wolf syndrome unequivocally leads to lower performance for the manu...
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作者:Gupta, Shivam; Agrawal, Anupam; Ryan, Jennifer K. K.
作者单位:University of Nebraska System; University of Nebraska Lincoln; Indian Institute of Management (IIM System); Indian Institute of Management Udaipur (IIMU)
摘要:We consider a novel principal-agent model that captures some salient features of an agile software development project. Specifically, the project is technically complex, can be modularized via a set of independent stories which are developed in sprints, and has requirements that can change over time due to exogenous changes in business needs, technologies, or market conditions. In addition, given the iterative nature of agile development, our model also captures and analyzes the interaction be...
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作者:Singh, Siddharth Prakash; Delasay, Mohammad; Scheller-Wolf, Alan
作者单位:University of London; University College London; State University of New York (SUNY) System; Stony Brook University; Carnegie Mellon University
摘要:Internet-based technology enables firms to disseminate real-time delay information to delay-sensitive customers. We study how such delay announcements impact service providers in a competitive environment with two service providers who compete for market share. We model the service providers' strategies based on an endogenous timing game, investigating strategies that emerge in equilibrium. We determine the service providers' market shares under the various game outcomes by analyzing continuou...
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作者:Forel, Alexandre; Grunow, Martin
作者单位:Technical University of Munich; Technical University of Munich
摘要:Academic approaches considering demand uncertainty in lot sizing are seldom used in practice. Industry typically implements deterministic models and accounts for uncertainties by using a rolling-horizon planning framework with frequent forecast updates. This paper bridges this gap by proposing a stochastic lot-sizing methodology adapted to rolling-horizon processes. Using the martingale model of forecast evolution (MMFE), we are able to anticipate the forecast updates from rolling-horizon plan...
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作者:Zhou, Quan; Olsen, Tava Lennon
作者单位:University of Wollongong; University of Auckland
摘要:Most developed countries hold significant quantities of medical supplies in reserve for emergency response. Due to high handling costs and remote storage locations, such stocks are typically not used for day-to-day operations. In consequence, the expiry of reserve supplies (without use) is a significant problem. One possible remedy for such wastage is to donate large batches of dated supplies to developing nations, which often do without adequate medical supplies in their health systems. Here,...
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作者:Arifoglu, Kenan; Tang, Christopher S.
作者单位:University of London; University College London; University of California System; University of California Los Angeles; University of London; University College London
摘要:Theoretical research in marketing has traditionally focused on centralized brand-extension strategies where a brand expands its product offerings by controlling the design, production, marketing, and sales of new products in-house. However, luxury brands frequently use brand licensing as a decentralized brand-extension strategy under which a brand licenses its brand name to an external licensee that designs, produces, and sells the new product. Licensing is a time-efficient and cost-effective ...