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作者:Wu, Desheng Dash; Luo, Cuicui; Wang, Haofei; Birge, John R.
作者单位:University of Toronto; Reykjavik University; University of Chicago
摘要:The potential for operational efficiency improvement is a key consideration for firms contemplating the consolidation of both internal and external business units. This paper develops a leader-follower game model to assess such potential gains from the merger of different organizations with constrained resources. A profit-sharing strategy and algorithm are proposed to solve the model while maintaining incentive compatibility within each unit's decision-making process. This paper further demons...
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作者:Ak, B. Korcan; Patatoukas, Panos N.
作者单位:University of California System; University of California Berkeley
摘要:What is the link between customer-base concentration and inventory efficiencies in the manufacturing sector? Using hand-collected data from 10-K Filings, we find that manufacturers with more concentrated customer bases hold fewer inventories for less time and are less likely to end up with excess inventories, as indicated by the lower likelihood and magnitude of inventory write-downs and reversals. Using disaggregated inventory disclosures, we find that inventory efficiencies primarily flow th...
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作者:Mishra, Anant; Das, Sidhartha R.; Murray, James J.
作者单位:George Mason University
摘要:In recent years, there has been increasing pressure on the US federal government to reduce spending and improve the management of its technology projects. Mitigating the adverse impact of risks on the performance of these projects presents a significant challenge for its stakeholders. Our research examines this challenge in two steps. First, we identify and define a set of salient risks in federal technology projectsspecifically, complexity risk and contracting risk in the planning process, an...
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作者:Olbert, Henning; Protopappa-Sieke, Margarita; Thonemann, Ulrich W.
作者单位:University of Cologne
摘要:Delivery time differentiation is a supply chain concept that has been implemented in various industries, but not yet in the automotive industry. One reason is that the effects of delivery time differentiation on the supply chain are not well understood. The BMW Group, for instance, has considered offering an express order option, where express orders bypass standard orders in the supply chain processes to achieve short delivery times. Express orders distort planning processes, increase operati...
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作者:Wang, Huaqing; Gurnani, Haresh; Erkoc, Murat
作者单位:St. Thomas University; Wake Forest University; University of Miami
摘要:We analyze the role of pricing and branding in an incumbent firm's decision when facing competition from an entrant firm with limited capacity. We do so by studying two price competition models (Stackelberg and Nash), where we consider the incumbent's entry-deterrence pricing strategy based on a potential entrant's capacity size. In an extension, we also study a branding model, where the incumbent firm, in addition to pricing, can also invest in influencing market preference for its product. W...
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作者:[Anonymous]
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作者:Babich, Volodymyr; Tang, Christopher S.
作者单位:Georgetown University; University of California System; University of California Los Angeles
摘要:We solve a sequential-moves game that involves three players: the franchisor, the entrepreneur, and the banks. The franchisor chooses the contract terms (a one-time franchise fee and a royalty rate for on-going payments). The entrepreneur dynamically decides when to sign this contract, open a store, and apply for debt financing to cover the initial investment. In response to the entrepreneur's application, banks competitively determine loan rates. We find that the franchisor should use royalty...
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作者:Park, John; Kazaz, Burak; Webster, Scott
作者单位:Syracuse University; Arizona State University; Arizona State University-Tempe
摘要:Pricing below cost is often classified as dumping in international trade and as predatory pricing in local markets. It is legally prohibited from practice because of earlier findings that it leads to predatory behavior by either eliminating competition or stealing market share. This study shows that a stochastic exchange rate can create incentives for a profit-minded monopoly firm to set price below marginal cost. Our result departs from earlier findings because the optimal pricing decision is...
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作者:Serpa, Juan Camilo; Krishnan, Harish
作者单位:McGill University; University of British Columbia
摘要:In industries where firms perform dangerous (but necessary) operations, liability costsdue to potential harm to third partiescan be significant. Firms may therefore find it optimal to exit the market, and this may lead to an inefficiently low number of incumbents. A social planner can discourage exit by offering appropriately designed subsidies. Ex ante subsidies defray the costs associated with making operations safer (e.g., funds to subsidize the purchase of safety equipment). Ex post subsid...
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作者:[Anonymous]