-
作者：Elmaghraby, Wedad; Lippman, Steven A.; Tang, Christopher S.; Yin, Rui
作者单位：University System of Maryland; University of Maryland College Park; University of California System; University of California Los Angeles; Arizona State University; Arizona State University-Tempe
摘要：This paper considers the sale of a seasonal product in the face of strategic customers. At the beginning of the selling season, the retailer announces both the price p(h) at which the product will be sold during the selling season and the post-season clearance price p(l) < p(h) for unsold items. We analyze two operating regimes: The no reservation regime'' allows a buyer either to purchase the product at price ph when he arrives or to enter a lottery to purchase at price p(l) if the product re...
-
作者：Petruzzi, Nicholas C.; Wee, Kwan E.; Dada, Maqbool
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Singapore Management University; Johns Hopkins University
摘要：We study the newsvendor problem when consumers are heterogeneous either in their valuations of the newsvendor's product, in their valuations of an outside option available to them, or in both valuations. In this context, we observe that the outside option, which represents the value that a given consumer associates with choosing not to purchase the newsvendor's product, may be interpreted as a search cost. Taking into consideration whether consumers' valuations differ on either one dimension o...
-
作者：Aydin, Goeker; Hausman, Warren H.
作者单位：University of Michigan System; University of Michigan; Stanford University
摘要：Large numbers of new products introduced annually by manufacturers may strain the relationship between retailers and manufacturers regarding assortments carried by retailers. For example, many retailers in the grocery industry will agree to broaden their assortments only if the manufacturer agrees to pay slotting fees for the new products. We investigate the role played by slotting fees in coordinating the assortment decisions in a supply chain. To do so, we study a single-retailer, single-man...
-
作者：Blackburn, Joseph; Scudder, Gary
作者单位：Vanderbilt University
摘要：This paper examines supply chain design strategies for a specific type of perishable product-fresh produce-using melons and sweet corn as examples. Melons and other types of produce reach their peak value at the time of harvest; product value deteriorates exponentially post-harvest until the product is cooled to dampen the deterioration. Using the product's marginal value of time (MVT), the rate at which the product loses value over time in the supply chain, we show that the appropriate model ...
-
作者：Hall, Joseph M.; Kopalle, Praveen K.; Pyke, David F.
作者单位：Dartmouth College; University of San Diego
摘要：We consider a make-to-order manufacturer that serves two customer classes: core customers who pay a fixed negotiated price, and fill-in'' customers who make submittal decisions based on the current price set by the firm. Using a Markovian queueing model, we determine how much the firm can gain by explicitly accounting for the status of its production facility in making pricing decisions. Specifically, we examine three pricing policies: (1) static, state-independent pricing, (2) constant pricin...
-
作者：Mishra, Birendra K.; Raghunathan, Srinivasan; Yue, Xiaohang
作者单位：University of California System; University of California Riverside; University of Texas System; University of Texas Dallas; University of Wisconsin System; University of Wisconsin Milwaukee
摘要：This paper examines the incentives of a manufacturer and a retailer to share their demand forecasts. The demand at the retailer is a linearly decreasing function of price. The manufacturer sets the wholesale price first, and the retailer sets the retail price after observing the wholesale price. Both players set their prices based on their forecasts of demand. In the make-to-order scenario, the manufacturer sets the production quantity after observing the actual demand; in the make-to-stock sc...
-
作者：Fu, Michael C.; Lele, Shreevardhan; Vossen, Thomas W. M.
作者单位：University System of Maryland; University of Maryland College Park; University of Colorado System; University of Colorado Boulder
摘要：The economic approach to determining the optimal control limits of control charts requires estimating the gradient of the expected cost function. Simulation is a very general methodology for estimating the expected costs, but for estimating the gradient, straightforward finite difference estimators can be inefficient. We demonstrate an alternative approach based on smoothed perturbation analysis (SPA), also known as conditional Monte Carlo. Numerical results and consequent design insights are ...
-
作者：Bakshi, Nitin; Kleindorfer, Paul
作者单位：University of London; London Business School; INSEAD Business School
摘要：This paper considers the problem of disruption risk management in global supply chains. We consider a supply chain with two participants, who face interdependent losses resulting from supply chain disruptions such as terrorist strikes and natural hazards. The Harsanyi-Selten-Nash bargaining framework is used to model the supply chain participants' choice of risk mitigation investments. The bargaining approach allows a framing of both joint financing of mitigation activities before the fact and...
-
作者：Castillo, Ignacio; Ingolfsson, Armann; Sim, Thaddeus
作者单位：Wilfrid Laurier University; University of Alberta; Le Moyne College
摘要：We consider two capacity choice scenarios for the optimal location of facilities with fixed servers, stochastic demand, and congestion. Motivating applications include virtual call centers, consisting of geographically dispersed centers, walk-in health clinics, motor vehicle inspection stations, automobile emissions testing stations, and internal service systems. The choice of locations for such facilities influences both the travel cost and waiting times of users. In contrast to most previous...
-
作者：Thomas, Douglas J.; Warsing, Donald P.; Zhang, Xueyi
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; North Carolina State University
摘要：We study a supply chain where an original equipment manufacturer (OEM) buys subassemblies, comprised of two complementary sets of components, from a contract manufacturer (CM). The OEM provides a demand forecast at the time when the CM must order the long lead-time set of components, but must decide whether or not to provide updated forecasts as a matter of practice. Forecast updates affect the CM's short lead-time purchase decision, and the anticipation of updates may also affect the long lea...
