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作者:Chen, Xin; Li, Menglong
作者单位:University of Illinois System; University of Illinois Urbana-Champaign
摘要:Discrete convexity, in particular,L-convexity andM-convexity, provides a critical opening to attack several classical problems in inventory theory, as well as many other operations problems that arise from more recent practices, for instance, appointment scheduling and bike sharing. As a powerful framework, discrete convex analysis is becoming increasingly popular in the literature. This review will survey the landscape of the approach. We start by introducing several key concepts, namely,L-co...
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作者:Chakravarty, Amiya K.
作者单位:Northeastern University
摘要:Agencies that provide relief to disaster survivors raise funds from diversified sources, such as foundations, private donors, and lenders. The output of a relief operation, such as lives saved, is a function of several factors: disaster intensity, relief agency's effectiveness, and the size of donor fund. In an uncertain funding environment with delays, a stop-gap loan can help decrease deprivation at the onset of disaster. When funding materializes, surplus fund net of loan and interest facil...
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作者:Li, Zhaolin; Kirshner, Samuel N.
作者单位:University of Sydney; University of New South Wales Sydney
摘要:We analyze a salesforce principal-agent model where both the firm and sales agent have limited information on the effort-dependent demand distribution, creating two-sided ambiguity. Under the max-min decision criteria, the firm offers a contract to the agent who exerts unobservable effort to influence the demand distribution. We formulate the problem as a semi-infinite program and use the agent's shadow prices to construct the least expensive contract. Next, we use the least expensive contract...
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作者:Ding, Ying; Tu, Yanping; Pu, Jingchuan; Qiu, Liangfei
作者单位:Renmin University of China; Peking University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; State University System of Florida; University of Florida
摘要:The operations management literature has recently begun to analyze how novel data sources help practitioners better understand product demand. We extend this stream of research by analyzing how air quality, a prominent environmental factor that has received little attention in prior studies, can impact product demand. Specifically, we examine how air quality affects the demand for different product color options, and find a greater demand for blue-color product option on air-polluted days (vs....
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作者:Lee, Hau L.
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作者:Yi, Zelong; Wang, Yulan; Chen, Ying-Ju
作者单位:Shenzhen University; Hong Kong Polytechnic University; Hong Kong University of Science & Technology; Hong Kong University of Science & Technology
摘要:We consider an agricultural supply chain consisting of a capital-constrained smallholder farmer and an intermediary platform. The smallholder farmer sells agricultural products through the intermediary platform but lacks financial resources for planting. In addition to traditional bank financing (provided by a bank), the creditworthy intermediary platform can provide loans directly to the farmer (known as direct financing) or serve as a guarantor if the farmer's creditworthiness is insufficien...
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作者:Gupta, Sudip
作者单位:Fordham University
摘要:In this study, we formulate and estimate a dynamic procurement auction game where bidder asymmetry due to synergy is endogenous. The seller sells multiple goods via a sequence of first-price auctions. While bidders are ex-ante symmetric, the first-period winner has a valuation advantage as a result of such synergy in the second-period bidding game and becomes a strong bidder. This endogenous synergy creation leads to overbidding in the first-period auction relative to a static bidding game. We...
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作者:Bunn, Derek W.
作者单位:University of London; London Business School
摘要:This is an invited commentary on the perspective paper by Sheridan Titman concerning the drivers of risk transmission across supply chains that have fundamental commodity inputs.
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作者:Li, Guo; Tian, Lin; Zheng, Hong
作者单位:Beijing Institute of Technology; Beijing Institute of Technology; Fudan University
摘要:In recent years, the rapid development of online marketplaces has given rise not only to co-opetitive relationships between sellers but also to information asymmetries between online marketplaces and sellers. This study studies information sharing in an e-commerce setting consisting of an online marketplace, an upstream manufacturer and a reseller, where the online marketplace possesses superior demand information, while the manufacturer and reseller engage in a co-opetitive structure. The res...
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作者:Wang, Tong; Yan, Xiaoyue; Yang, Chaolin
作者单位:Shanghai Jiao Tong University; Cornell University; Shanghai University of Finance & Economics
摘要:In this study, we study a hybrid RDC-DC serial inventory system where the regional distribution center (RDC) replenishes its stock from an outside supplier (OS), while the distribution center (DC) faces random demand and replenishes its stock from the RDC. Unlike in the traditional serial system, the DC itself can replenish its inventory from outside as well. We firstly derive structural properties for the optimal long-run average cost and the optimal stationary policy by vanishing discount ap...