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作者:Jetley, Gaurav; Zhang, He
作者单位:Colorado State University System; Colorado State University Fort Collins; State University System of Florida; University of South Florida
摘要:A significant portion of hospitalizations result in readmissions, many of which are preventable. Additionally, over a quarter of admissions necessitate intensive care unit (ICU) stays. These trends impose significant strain on healthcare systems, leading to penalties and reduced reimbursements for healthcare facilities. Consequently, reducing readmissions stands as a critical priority for healthcare institutions, with a specific focus on ICU processes and procedures. While some healthcare proc...
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作者:Lin, Jiaxin; Choi, Tsan-Ming; Kuo, Yong-Hong
作者单位:University of Hong Kong; University of Liverpool
摘要:In retail operations, free sample trial (FST) and product return with money-back guarantee (MBG) both serve as important strategies to reduce consumers' worries and valuation uncertainty. This paper is the first study which analytically examines when and whether an online retailer should provide both strategies simultaneously, and when one strategy outperforms the other. We consider an online retailer selling to consumers who are uncertain about the product values when making purchasing decisi...
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作者:Adamopoulos, Panagiotis; Todri, Vilma
作者单位:Emory University
摘要:Consumers often rely on their social connections or social technologies, such as (automated) system-generated recommender systems, to navigate the proliferation of diverse products and services offered in online and offline markets and cope with the corresponding choice overload. In this study, we investigate the relationship between the consumers' social connectedness and the economic impact of recommender systems. Specifically, we examine whether the social connectedness levels of consumers ...
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作者:Ghosh, Vashkar; Paul, Anand; Yang, Zhechao; Zhu, Lingjiong
作者单位:University of North Carolina; University of North Carolina Greensboro; State University System of Florida; University of Florida; State University System of Florida; Florida State University
摘要:This paper studies the challenges involved in production planning in coproduction systems, specifically the production of semiconductor chips for light-emitting diodes (LEDs). The production output in this industry is characterized by a stochastic distribution over the targeted production metric; thus the whole range of production is not suitable for a specific application. We formulate a novel stochastic profit optimization problem with random production output and random demand-based on info...
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作者:Kang, Kang; Doroudi, Sherwin; Delasay, Mohammad
作者单位:University of Minnesota System; University of Minnesota Twin Cities; State University of New York (SUNY) System; Stony Brook University
摘要:Motivated by the popularity of mobile-order-and-pay applications, especially in fast-casual food restaurants and coffee shops, we study omnichannel service systems-where customers can employ mobile applications for self-ordering-with respect to sojourn times, throughput, and social welfare. Our models are two-stage queues with two customer classes: Walk-ins and mobiles. We identify Pareto efficient prioritization policies, highlighting trade-offs between each class's mean sojourn times. We all...
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作者:Mohammadi, Mina; Heese, H. Sebastian; Kraft, Tim
作者单位:North Carolina State University
摘要:The recently enacted Inflation Reduction Act (IRA) includes a number of incentive-based programs (e.g., tax credits) designed to motivate firms to develop new clean technologies for fighting climate change. However, the IRA also includes a fee firms incur for excessive methane emissions. This represents the first time the United States government has ever levied a fee on greenhouse gas emissions, and it raises an interesting research question-how should a budget-constrained regulator balance t...
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作者:Lyu, Gaoyan; Tian, Lin; Wang, Wei
作者单位:Beijing Institute of Technology; Fudan University; Nankai University
摘要:With two-sided platforms becoming an increasingly ubiquitous business model, quality is a vital factor for the success of high-technology platforms that face fierce competition. To maintain competency, high-technology platforms commonly use two quality regulation strategies: the exclusion strategy (E strategy), in which the platform denies access to low-quality complementors, and the subsidization strategy (S strategy), in which the platform provides a fixed subsidy to high-quality complemento...
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作者:Hong, Xianpei; Zhou, Meiling; He, Zhixuan; Zhou, Pin; Chen, Ying-Ju
作者单位:Huazhong Agricultural University; Hong Kong University of Science & Technology
摘要:This paper investigates the effect of cost learning on the manufacturer's procurement strategy in the presence of multiple local divisions and market competition, and the strategy preferences of stakeholders, such as the supplier. Firms are often confronted with a critical procurement decision: centralization versus decentralization. For this paper, we incorporate the learning effect into this crucial strategy and demonstrate its ubiquity and significant practical implications in today's techn...
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作者:Kong, Xiangyin; Yu, Yimin; Wang, Huihui
作者单位:Chinese Academy of Sciences; University of Science & Technology of China, CAS; City University of Hong Kong; Shanghai University
摘要:In practice, it is common, especially for online retailers, to bundle different products together during procurement to save transportation and handling costs. It is important to understand and theorize how to manage dynamic procurement by taking advantage of joint ordering in the presence of joint and individual setup costs. In this article, we characterize the structure of optimal policy for a periodic review multiproduct inventory system with multiple setup costs, including a joint setup co...
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作者:Gao, Xing; Zhang, Yanfang; Zhong, Boyuan; Wang, Xifan; Wang, Ying
作者单位:Southeast University - China; Nanjing University of Finance & Economics; Nanjing University of Posts & Telecommunications
摘要:While chief executive officer (CEO) competitive aggressiveness can be frequently observed in competitive industries with heavy R&D (research and development) investment, studies on its impact on R&D strategies and hiring strategies for competing firms are rare. This article builds a Cournot-based game model to examine this issue and obtain many novel findings in a competitive duopolistic market. In particular, compared with two firms hiring noncompetitive CEOs, hiring competitive CEOs may hind...