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作者:Zheng, Quan; Pan, Xiajun Amy; Vakharia, Asoo J.
作者单位:Chinese Academy of Sciences; University of Science & Technology of China, CAS; State University System of Florida; University of Florida
摘要:Conventional wisdom suggests that by including a decoy product in the choice set for consumers, a firm can drive consumers to select more profitable non-decoy products. Explanations offered to explain such outcomes are rooted in the psychology of consumer behavior. A scan of retail practice, however, indicates that decoys might also be included in a product assortment for economic reasons. For example, products with very low sales potential are often included in offerings by bricks-and-mortar ...
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作者:Fayezi, Sajad; Benstead, Amy; Gold, Stefan; Klassen, Robert; Van Wassenhove, Luk
作者单位:Memorial University Newfoundland; University of Manchester; Universitat Kassel; Western University (University of Western Ontario); INSEAD Business School
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作者:Rea, David; Froehle, Craig; Masterson, Suzanne; Stettler, Brian; Fermann, Gregory; Pancioli, Arthur
作者单位:University System of Ohio; University of Cincinnati; University System of Ohio; University of Cincinnati; University System of Ohio; University of Cincinnati
摘要:Fairness is a natural concern when model-based decisions affect human beings. In personnel-management decisions, employees' perceptions of fairness depend both upon the decision processes as well as the resulting outcomes. Acting as a key part of decision processes, operational models often emphasize equality, or sameness, of outcomes among individuals. Fair outcomes, as a manifestation of distributive justice, involve balancing two competing aspects: equality and equity. Equity, in opposition...
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作者:Goldberg, David A.; Reiman, Martin, I; Wang, Qiong
作者单位:Cornell University; Columbia University; University of Illinois System; University of Illinois Urbana-Champaign
摘要:It has long been recognized that many inventory models most relevant to practice are inherently high-dimensional, and hence generally believed to become computationally intractable as certain problem parameters grow large (suffering from the curse of dimensionality). In the last decade, asymptotic analysis has shown that in many interesting settings such problems can actually be well-approximated by much simpler optimization problems, leading to new algorithms and insights. In this survey, we ...
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作者:Hao, Zhongyuan; Jiang, Li
作者单位:Dongbei University of Finance & Economics; Hong Kong Polytechnic University
摘要:Amid the rapid development of technology, an increasing number of suppliers sell directly as well as through the retail channel, competing with retailers in the market with uncertain demand. Each firm has exclusive access to a signal useful in updating market forecast. The quality of the signal received exclusively by a supplier is low when it adheres to the retail channel but improves after it engages in direct selling. Firms communicate signals along two directions. Competing suppliers or re...
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作者:Corbett, Charles
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作者:Rahmani, Morvarid; Gui, Luyi; Atasu, Atalay
作者单位:University System of Georgia; Georgia Institute of Technology; University of California System; University of California Irvine; INSEAD Business School
摘要:We study recycling technology choice, a critical factor that has received little attention in the context of extended producer responsibility, and its interaction with product design-for-recycling in driving the environmental benefits of recycling systems. Collective recycling systems have long been criticized for restricting the environmental benefits of extended producer responsibility because of free riding issues among producers, which can undermine incentives for product design-for-recycl...
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作者:Wang, Zizhuo; Yang, Chaolin; Yuan, Hongsong; Zhang, Yaowu
作者单位:The Chinese University of Hong Kong, Shenzhen; Shanghai University of Finance & Economics
摘要:In this study, we consider the problem of estimating demand functions using historical sales data. In particular, we study how using aggregate data may result in bias in such estimations. We consider a log-log demand model, and two ways of how the price in the aggregate data is calculated, simple average price or weighted average price. We study whether there exists estimation bias in each of the two cases as well as the direction of the bias. We show that in general, the correlation between a...
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作者:Furman, Eugene; Diamant, Adam; Kristal, Murat
作者单位:University of Toronto; York University - Canada
摘要:We investigate the trade-off between acquisition and retention efforts when customers are sensitive to the quality of service they receive, that is, whether they get timely access to a company's resources when requested. We model the problem as a multi-class queueing network with new and returning customers, time-dependent arrivals, and abandonment. We derive its fluid approximation; a system of ordinary linear differential equations with continuous, piecewise smooth, right-hand sides. Based o...
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作者:Zhou, Shenghai; Ding, Yichuan; Huh, Woonghee Tim; Wan, Guohua
作者单位:Central South University; McGill University; University of British Columbia; Shanghai Jiao Tong University
摘要:We consider the classical appointment scheduling problem that does not have a session length constraint. The decision is to determine job allowances to minimize total expected weighted costs of waiting times of jobs and idle times of the service provider. In particular, we study a simple yet effective scheduling policy-the so-called constant policy, which allocates a constant job allowance for each appointment. Prior studies on appointment scheduling suggest a dome-shaped structure for the opt...