Production and Operations Management

最新文章

• Predictably Unpredictable? How Judgmental and Machine Learning Forecasts Complement Each Other AI翻译
  作者：Nair, Devadrita; Huchzermeier, Arnd
  作者单位：WHU - Otto Beisheim School of Management; Massachusetts Institute of Technology (MIT)
  摘要：Demand forecasting for seasonal products becomes especially challenging in the case of fast innovations, where the product portfolio is upgraded every season. In addition to the problem of forecasting demand without any historical data, companies also have to deal with frequent stockouts, which bias past sales and provide an unreliable anchor for making new forecasts. We show how one can use machine learning models to leverage information on comparable products from the past together with expe...
• When Persuasion Is Too Persuasive: An Empirical Analysis of Product Returns in Livestream e-Commerce AI翻译
  作者：Feng, Xiaojing; Rong, Ying; Tian, Xin; Wang, Mengmeng; Yao, Yuliang
  作者单位：Southwestern University of Finance & Economics - China; Shanghai Jiao Tong University; Chinese Academy of Sciences; University of Chinese Academy of Sciences, CAS; Chinese Academy of Sciences; Tongji University; University of Delaware
  摘要：Livestream e-commerce features live social interactions that enable real-time, face-to-text communications among a streamer and many customers. We posit such live social interactions generate persuasion effect that eventually leads to higher product returns. Using data from a leading livestream e-commerce firm, we compare the product returns between live sessions with rerun sessions where the only difference is the presence of live social interactions in live sessions but not in rerun sessions...
• Can an E-commerce Platform and its Third-Party Sellers Benefit From Each Other's Market Entry? AI翻译
  作者：Tang, Christopher S.; Deng, Yiting; Wang, Wei; Yoo, Onesun Steve
  作者单位：University of California System; University of California Los Angeles; University of London; University College London; University of International Business & Economics
  摘要：E-commerce platforms have an informational advantage over their third-party sellers, leading to the common belief that a platform's market entry would harm sellers with similar products. However, unlike traditional retail competition, the platform and its sellers have aligned incentives: the platform's commission depends on the seller's revenue, and sellers rely on the platform to strengthen their online presence. Hence, the platform has no incentive to enter the market to harm the seller's re...
• Donations by Disaster-Afflicted Firms and Changes in Firm Value: Self-Protection and Reputation-Building Perspectives AI翻译
  作者：Xiao, Ping; Hsieh, Kai-Yu; Bao, Weining
  作者单位：University of Melbourne; National Chengchi University; University of Connecticut
  摘要：If a firm afflicted by a disaster chooses to donate to disaster relief, how will this decision affect the firm's market value? From a self-protection perspective, diverting resources to support the public may jeopardize a firm's continuity and thereby reduce its value. Yet from a reputation-building perspective, supporting the public in need may enhance corporate reputation and thus increase firm value. In this study, we contrasted the two perspectives to develop a conceptual framework consist...
• To Hinder or to Facilitate: Retailers' Strategy of Consumer Information Sharing AI翻译
  作者：Ma, Buqing; Li, Guang; Kong, Guangwen
  作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; Queens University - Canada; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
  摘要：Consumer information sharing is considered an effective strategy to attract consumers, yet certain high-end retailers, such as Bergdorf Goodman and Farfetch, tend to hinder consumers from sharing information through online reviews. We study a retailer's strategy for consumer information sharing in a supply chain. We find that a retailer's information sharing strategy can prevent manufacturers from extracting excessive profit when consumers are heterogeneous in their valuations of the selling p...
• Contagious Stock Price Crashes Along the Supply Chain AI翻译
  作者：Qiu, Buhui; Xu, Fangming; Yeung, Andy C. L.; Zeng, Cheng (Colin)
  作者单位：University of Sydney; University of Bristol; Hong Kong Polytechnic University
  摘要：Although risk management is widely regarded as an important topic within supply chain (SC) management, little research studies the contagious effect of risk factors along SC networks. By using stock price crashes as an indicator of risk factors, our study reveals that stock price crash risk can be transmitted from major customers to suppliers with a delay of up to two weeks. We show that the information opacity of suppliers is a factor that potentially contributes to the delayed crash contagio...
• Reward-Based Crowdfunding Versus Initial Coin Offerings AI翻译
  作者：Hu, Junming; Xue, Weili; Yang, Yi
  作者单位：Zhejiang University; Southeast University - China
  摘要：Inspired by emerging financing techniques that offer additional financing options for entrepreneurs, we establish a stylized model to compare two prevalent crowdfunding strategies: Reward-based crowdfunding and Initial Coin Offerings (ICOs). First, we highlight that the fundamental difference between reward-based crowdfunding and ICO lies in the distinct types of price distortion, resulting in different agency costs. Specifically, compared to the first-best benchmark, reward-based crowdfunding...
• Gaining From Losing a Competition in Product Variety AI翻译
  作者：Wan, Xiang; Li, H. Alice
  作者单位：University System of Ohio; Ohio State University
  摘要：This article studies the impact of a competing firm's substantial expansion in product variety, achieved through modularity and delayed differentiation, on the sales and inventory of the focal firm in the market. Intuitively, the firm's sales are expected to decrease when a competitor increases its product variety, as existing consumers are drawn to the greater range of competing products, resulting in a substitution effect. However, we also emphasize a simultaneous spillover effect, where the...
• Dynamic and Flexible Capacity Management for Flight Compartments and Beyond AI翻译
  作者：Feng, Zhichao; Li, Ang; Walczak, Darius; Cakanyildirim, Metin
  作者单位：Hong Kong Polytechnic University; Ant Group; University of Texas System; University of Texas Dallas
  摘要：It is a common practice that business and economy compartments share the seating capacity of a short or medium-haul European flight, with the middle seats in the business compartment kept vacant to enhance comfort and privacy for business passengers. The two compartments are separated by a movable curtain whose position determines the capacity allocated to each compartment. By postponing the decision on curtain position until departure, airlines gain extra flexibility in their capacity allocat...
• Career Incentives of Political Leaders and Corporate Operational Efficiency AI翻译
  作者：Cheng, Hua; Qi, Shusen; Qiu, Liangfei
  作者单位：Nankai University; University of Texas System; University of Texas Austin; Xiamen University; State University System of Florida; University of Florida
  摘要：Theoretical and empirical evidence point to the ability of political leaders to manipulate economic policies and leverage local firms to elevate their political careers. Despite this, there is limited understanding of how these career incentives impact the operational dynamics of the firms involved. This empirical study delves into this gap, revealing that city leaders with fewer promotional incentives are more inclined to mobilize state-owned enterprises (SOEs) within their jurisdiction to pu...