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作者:Chau, Ngan N.; Desiraju, Ramarao
作者单位:University of Nebraska System; University Nebraska Kearney; State University System of Florida; University of Central Florida
摘要:When network effects are important and technology is rapidly improved, this study explores the relative optimality of five product introduction strategies of a durable goods manufacturer: (1) replacement, (2) skipping, (3) a delayed line, (4) shelving, and (5) line-extension. Using a two-period analytical model, we show how the type of compatibility-either full or backward compatibility-and the magnitude of the network effect influence the manufacturer's preference for the above strategies. Ou...
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作者:Bicer, Isik; Seifert, Ralf W.
作者单位:Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Swiss Federal Institutes of Technology Domain; Ecole Polytechnique Federale de Lausanne; International Institute for Management Development (IMD)
摘要:We consider a manufacturer without any frozen periods in production schedules so that it can dynamically update the schedules as the demand forecast evolves over time until the realization of actual demand. The manufacturer has a fixed production capacity in each production period, which impacts the time to start production as well as the production schedules. We develop a dynamic optimization model to analyze the optimal production schedules under capacity constraint and demand-forecast updat...
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作者:Phadnis, Shardul S.; Fine, Charles H.
作者单位:Massachusetts Institute of Technology (MIT)
摘要:This study examines the tradeoffs in sourcing and sales strategies (i.e., upstream and downstream supply chain strategies) by considering them as components of an integral end-to-end supply chain strategy. We evaluate four end-to-end supply chain strategies under various scenarios using a newsvendor model, and compare the model's predictions against the prescriptions in Fisher's () framework, which recommends cost-efficient supply chains for functional products and responsive supply chains for...
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作者:Dong, Ciwei; Ng, Chi To; Cheng, T. C. E.
作者单位:Zhongnan University of Economics & Law; Hong Kong Polytechnic University
摘要:In this article, we study the electricity time-of-use (TOU) tariff for an electricity company with stochastic demand. The electricity company offers the flat rate (FR) and TOU tariffs to customers. Under the FR tariff, the customer pays a flat price for electricity consumption in both the peak and non-peak periods. Under the TOU tariff, the customer pays a high price for electricity consumption in the peak period and a low price for electricity consumption in the non-peak period. The electrici...
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作者:Yan, Xiaoming; Chao, Xiuli; Lu, Ye; Zhou, Sean X.
作者单位:Chinese Academy of Sciences; University of Science & Technology of China, CAS; University of Michigan System; University of Michigan; City University of Hong Kong; Chinese University of Hong Kong
摘要:Because of environmental and economic reasons, an increasing number of original equipment manufacturers (OEMs) nowadays sell both new and remanufactured products. When both products are available, customers will buy the one that gives them a higher (and non-negative) utility. Thus, if the firm does not price the products properly, then product cannibalization may arise and its revenue may be adversely impacted. In this paper, we study the pricing problem of a firm that sells both new and reman...
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作者:Rahmani, Morvarid; Roels, Guillaume; Karmarkar, Uday S.
作者单位:University of California System; University of California Los Angeles
摘要:Many knowledge-intensive projects such as new product and software design, research, and high technology development have flexible scope and involve co-production between a client and a vendor. In such projects, it is often challenging to estimate how much progress can be achieved within a certain time window or how much time may be needed to achieve a certain degree of progress, especially because the client and vendor often adjust their efforts as a function of the project's progress, the ti...
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作者:Janakiraman, Ganesh; Seshadri, Sridhar
作者单位:University of Texas System; University of Texas Dallas; Indian School of Business (ISB)
摘要:We study dual sourcing inventory systems with backordering and with stationary, stochastic demands. The two supply sources differ in their unit prices and lead times. We focus on the option of making costless returns to the cheaper, longer leadtime supplier. We show that the value of this option is zero. Our analysis leading to this result includes the derivation of several structural properties of the optimal policies for dual sourcing systems with and without the return option.
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作者:Whang, Seungjin
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作者:Chen, Yiwei; Levi, Retsef; Shi, Cong
作者单位:Singapore University of Technology & Design; Massachusetts Institute of Technology (MIT); University of Michigan System; University of Michigan
摘要:We consider a revenue management problem wherein the seller is endowed with a single type resource with a finite capacity and the resource can be repeatedly used to serve customers. There are multiple classes of customers arriving according to a multi-class Poisson process. Each customer, upon arrival, submits a service request that specifies his service start time and end time. Our model allows customer advanced reservation times and services times in each class to be arbitrarily distributed ...
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作者:Anand, Vic; Balakrishnan, Ramji; Labro, Eva
作者单位:Emory University; University of Iowa; University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine
摘要:We demonstrate the need to view in a dynamic context any decision based on limited information. We focus on the use of product costs in selecting the product portfolio. We show how ex post data regarding the actual costs from implementing the decision leads to updating of product cost estimates and potentially trigger a revision of the initial decision. We model this updating process as a discrete dynamical system (DDS). We define a decision as informationally consistent if it is a fixed-point...