-
作者：Wang, Liao
作者单位：University of Hong Kong
摘要：We study production planning in a multi-product setting, in which demand for each product depends on multiple financial assets (such as commodities, market indices, etc). In addition to the production quantity decision at the beginning of the planning horizon, there is also a real-time hedging decision throughout the horizon; and we optimize both decisions jointly. With a mean-variance problem formulation, we first derive the optimal hedging strategy, given the production quantities. This lead...
-
作者：Dhanorkar, Suvrat; Siemsen, Enno
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Wisconsin System; University of Wisconsin Madison
摘要：Important discretionary tasks such as quality improvement, process compliance, and energy efficiency (EE) require constantly focusing the attention of decision-makers. Using a combination of archival data analysis and a field study, we show how nudges in the form of reminders can serve as a simple yet powerful managerial lever to focus attention on such tasks and increase the likelihood that these tasks will be completed. We study the effectiveness of reminders in the context of EE tasks in ma...
-
作者：Wang, Kangzhou; Chen, Shouchang; Jiang, Zhibin; Zhou, Weihua; Geng, Na
作者单位：Lanzhou University; Zhejiang University; Shanghai Jiao Tong University; Shanghai Jiao Tong University
摘要：Manufacturing servitization has become a major trend in industry that is implemented by so called integrated production and service systems (IPSSs) to offer not only products but also their associated services. In this study, we explore the capacity allocation policy for an IPSS that consists of a manufacturing facility and a service center. The IPSS serves two classes of customers, each demanding a specific product produced at the manufacturing facility and, subsequently, the associated servi...
-
作者：Chen, Jiguang; Chen, Ying-Ju
作者单位：Xiamen University; Hong Kong University of Science & Technology; Hong Kong University of Science & Technology
摘要：Motivated by company+farmer farming operations of Wens, New Hope Liuhe, and Huiren, this study formalizes the impact of production-management and resource-providing types of contract farming, in which the buying firm commits to an ex ante procurement price and promises to buy the high-value agricultural product (HVA) from contract farmers. We analyze the buyer's cost reduction effort and its impact on farmer participation to characterize the effect of contract farming on the agricultural produ...
-
作者：Lee, Hau L.
作者单位：Stanford University
摘要：As supply chains become more and more globalized, even in times of disruptions and trade frictions, and that consumers are increasingly more demanding on the environmental and social responsibility performances of the supply chains that supply products they are buying, research in supply chain management should also contribute to make an impact under such trends. I call this supply chains with a conscience, where supply chains need to continuously strive to minimize the harms and negative impa...
-
作者：Escamilla, Rafael; Fransoo, Jan C.; Tang, Christopher S.
作者单位：Tilburg University; Kuhne Logistics University; University of California System; University of California Los Angeles
摘要：In developing economies, nanostores (i.e., small independent neighborhood stores) in urban and rural areas face different infrastructural, operational, and financial challenges. How can urban nanostores compete with supermarket chains as they enter the market? How can rural nanostores provide more services at affordable prices to sustain their operations? By developing innovative business models enabled by new technologies such as smartphones, mobile payments, and solar panels, we show how urb...
-
作者：Chen, Xi; Shi, Chao; Wang, Yining; Zhou, Yuan
作者单位：New York University; Shanghai University of Finance & Economics; State University System of Florida; University of Florida; University of Illinois System; University of Illinois Urbana-Champaign
摘要：We study a stylized dynamic assortment planning problem during a selling season of finite length T. At each time period, the seller offers an arriving customer an assortment of substitutable products and the customer makes the purchase among offered products according to a discrete choice model. The goal of the seller is to maximize the expected revenue, or equivalently, to minimize the worst-case expected regret. One key challenge is that utilities of products are unknown to the seller and ne...
-
作者：Zhang, Na; Kannan, Karthik; Shanthikumar, George
作者单位：Amazon.com; Purdue University System; Purdue University
摘要：For a slow-moving high-margin product, we demonstrate the viability of an information-based nudging strategy. The motivation to study this problem was because a firm faced availability constraints for one of its slow-moving high-margin products, but the available quantities still exceeded the current demand. To identify customers to nudge, we develop a support vector machine (SVM) approach to rank order the customers based on their propensity to purchase the product. The underlying notion in o...
-
作者：Tompaidis, Stathis
作者单位：University of Texas System; University of Texas Austin
摘要：I discuss the framework proposed by John Birge in Network Structure and Its Impact on Commodity Markets.
-
作者：Kennedy, Adrian Patrick; 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 propose a model to assess the value of a distributor in a dynamic stochastic cooperative advertising supply chain in which a manufacturer wholesales its product to a distributor who in turn sells it to a retailer. Moreover and importantly, the distributor also intermediates the pricing and advertising decisions between the manufacturer and the retailer. For the resulting three-player hierarchical game formulation of the supply chain, we characterize the feedback Stackelberg equilibrium in t...
