-
作者:Wang, Zhiyi; Yang, Lusi; Karamshetty, Varun; Hahn, Jungpil
作者单位:University of Colorado System; University of Colorado Boulder; University System of Georgia; Georgia State University; National University of Singapore
摘要:Natural disasters and disease outbreaks cause substantial social turbulence and economic damage. The survival and continued operation of local small businesses and entrepreneurs are critical to the development activities in post-disaster recovery. However, these small businesses and entrepreneurs face greater challenges in accessing funding through traditional channels during a crisis. Crowdlending, also known as peer-to-peer microfinancing, has been successfully used to bypass traditional cha...
-
作者:Min, Xu; Chi, Wei; Hu, Xing; Ye, Qing
作者单位:Shanghai International Studies University; Tsinghua University; University of Hong Kong
摘要:On-demand service platforms are interested in having gig workers use self-set, nonbinding performance goals to improve efforts and performance. To examine the effects of such self-set goal mechanisms, we build a behavioral model, derive theoretical results and testable hypotheses, and conduct a field experiment using a large gig platform for food delivery. Our model analysis finds that individual workers' optimal self-set goals may exhibit a spectrum of difficulty levels, ranging from trivial ...
-
作者:Zhu, Yinchu; Ryzhov, Ilya O.
作者单位:Brandeis University; Brandeis University; University System of Maryland; University of Maryland College Park
摘要:We present a data-driven prescriptive framework for fair decisions, motivated by hiring. An employer evaluates a set of applicants based on their observable attributes. The goal is to hire the best candidates while avoiding bias with regard to a certain protected attribute. Simply ignoring the protected attribute will not eliminate bias due to correlations in the data. We present a provably optimal fair hiring policy that depends on the protected attribute functionally, but not statistically. ...
-
作者:Long, Xiaoyang; Wu, Yaozhong
作者单位:University of Wisconsin System; University of Wisconsin Madison; National University of Singapore
摘要:Extensive studies have revealed that newsvendor decisions by human decision-makers are often biased by cognitive limitations, and, therefore, fail to achieve optimal profits prescribed by normative models. These biases are typically considered as liabilities in individual inventory decision-making, and much research has focused on developing methods to debias the decision-maker-for example, by providing decision support tools. However, in competitive settings biases can provide a competitive a...
-
作者:Shi, Jiaqi; Ke, Ginger Y.; Wang, Zizhuo; Zhang, Lianmin
作者单位:Columbia University; Memorial University Newfoundland; The Chinese University of Hong Kong, Shenzhen; Shenzhen Research Institute of Big Data; The Chinese University of Hong Kong, Shenzhen
摘要:Considering the real-world situations where a customer's purchase choices in previous stages can influence the prices she encounters in subsequent stages, this research examines the multiproduct price optimization problem under a multistage choice model. Particularly, the seller commits to a multistage pricing policy and determines product prices based on the customer's purchase history, and the customer makes purchase decisions such that the total expected utility is maximized. We show that t...
-
作者:Gong, Xiting; Liu, Suting
作者单位:Chinese University of Hong Kong; Chinese Academy of Sciences; University of Science & Technology of China, CAS
摘要:In this article, we consider hybrid manufacturing/remanufacturing inventory systems that produce a single product to satisfy demands over a finite planning horizon. In each period, the firm receives random demand and returns of end-of-life products. A serviceable product can be manufactured from ample raw materials or remanufactured from a returned product. The two operations possess random dedicated capacities. The firm's objective is to minimize the expected total discounted cost over the pl...
-
作者:Qiu, Lin; Qiao, Dandan; Tan, Bernard C. Y.; Whinston, Andrew B.
作者单位:Southern University of Science & Technology; National University of Singapore; University of Texas System; University of Texas Austin
摘要:Hate crimes, which stem from prejudiced attitudes, have a distributionally detrimental impact on societal stability. Although inter-group contacts are potentially an effective means for reducing prejudice and subsequently decreasing the number of hate crimes, scholars have recently recognized the possibility of negative contacts that might actually amplify prejudice. As a result, the question of whether intergroup contacts truly possess the ability to effectively decrease hate crime numbers re...
-
作者:Liu, Wei; Kulkarni, Vidyadhar G.
作者单位:Chinese Academy of Sciences; University of Science & Technology of China, CAS; University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine
摘要:We study a multi-server queueing system where a customer is satisfied (and generates a unit revenue) if their queueing time is at most a given constant. If the queueing time of the admitted customer exceeds this constant, the customer gets served, but is unsatisfied and generates no revenue. Such queueing systems arise in the context of modeling service systems where excessive delays are of concern. A key challenge is how to design an admission control policy to maximize the number of satisfie...
-
作者:Korpeoglu, C. Gizem; Korpeoglu, Ersin; Tang, Christopher S.; Yu, Jiayi Joey
作者单位:Eindhoven University of Technology; University of London; University College London; University of California System; University of California Los Angeles; Fudan University
摘要:Should an incumbent for-profit retailer deter a socially responsible store from entering the market? As a differentiation strategy to avoid direct price competition with well-established retailers, some socially responsible stores (or brands) enter the market with a pre-commitment to donate a certain proportion of their (A) profits or (B) revenues to charities. Because these charitable donations generate a warm-glow effect for consumers, these socially responsible stores can use pre-committed ...
-
作者:Lin, Xiaogang; Lin, Qiang; Chen, Ying-Ju
作者单位:Guangdong University of Technology; Hong Kong University of Science & Technology
摘要:Manufacturers and their resellers generally employ online intermediaries to sell their products. These intermediaries often possess superior demand information and decide whether to share it with their sellers. In practice, the manufacturers can employ two possible selling formats: reselling ( R S ), under which they sell the products to the intermediaries who subsequently resell to customers and agency selling ( A S ), under which they sell the products to customers through the intermediaries...