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How should a firm make joint production and replenishment decisions in a make-to-order setting where it can use either of two kinds of raw materials (or their mixture) to produce an end product using a shared production line with stochastic capacity? The problem is motivated by the practice of...
Persistent link: https://www.econbiz.de/10012870775
We consider joint learning and pricing in network revenue management (NRM) with multiple products, multiple resources with finite capacity, parametric demand model, and a continuum set of feasible price vectors. We study the setting with a general parametric demand model and the setting with a...
Persistent link: https://www.econbiz.de/10012825657
Motivated by the growth of ride-hailing services in urban areas, we study a (tactical) real-time spatial-inter-temporal dynamic pricing problem where a firm uses a pool of homogeneous servers (e.g., a fleet of taxis) in a network to serve price-sensitive customers who request a service (i.e., a...
Persistent link: https://www.econbiz.de/10012833042
A buyer seeking to outsource production may be able to find ways to reduce a potential supplier's cost, e.g., by suggesting improvements to the supplier's proposed production methods. We study how a buyer could use such "cost reduction investigations" by proposing a three-step supplier selection...
Persistent link: https://www.econbiz.de/10012842560
We consider a multi-product dynamic pricing problem with limited inventories under the so-called Cascade Click model, which is one of the most popular click models used in practice for analyzing customers' click-and-search behavior in large-scale web analytic applications. We present three...
Persistent link: https://www.econbiz.de/10012889528
We consider a monopoly firm that aims to maximize its total revenue over a finite horizon by optimizing the assortments across different periods. Customers make their purchase decisions according to a variant of the classical MNL model that incorporates popularity bias. We assume that the...
Persistent link: https://www.econbiz.de/10014356379
We consider an online multi-item retailer with multiple fulfillment facilities and finite inventory, with the objective of minimizing the expected shipping cost of fulfilling customer orders over a finite horizon. We approximate the stochastic dynamic programming formulation of the problem with...
Persistent link: https://www.econbiz.de/10014141696
We consider a canonical revenue management problem wherein a monopolist seller seeks to maximize expected total revenues from selling a fixed inventory of a product to customers who arrive sequentially over time, and the seller is restricted to implement a pricing policy that is non-increasing...
Persistent link: https://www.econbiz.de/10013250280
Problem definition: Shipment consolidation is commonly used to take advantage of the economies of scale by avoiding some of the shipping costs. However, when pending current orders are consolidated with future orders it may require more expensive expedited shipment in order to meet shorter...
Persistent link: https://www.econbiz.de/10012962638
We consider an e-commerce retailer (e-tailer) who sells a catalog of products to customers from different regions during a finite selling season and fulfills orders through multiple fulfillment centers. The e-tailer faces a Joint Pricing and Fulfillment (JPF) problem: At the beginning of each...
Persistent link: https://www.econbiz.de/10012969701