We propose a minimax concave penalized multi-armed bandit algorithm under generalized linear model (G-MCP-Bandit) for a decision-maker facing high-dimensional data in an online learning and decision-making process. We demonstrate that the G-MCP-Bandit algorithm asymptotically achieves the...

Motivated by emerging industry practices, this paper studies the effectiveness of a new advance selling strategy in counteracting strategic consumer behavior: the Preorder Contingent Production (PCP) strategy, where the seller's production decision is contingent on an advance selling target. We...

Strategic consumer behavior has been extensively studied in the Management Science and Operations Management community. We survey recent developments in the literature and review possible operational strategies and decisions to counteract the adverse impact of strategic consumer behavior....

In this research, we consider an online assortment optimization problem, where a decision-maker needs to sequentially offer assortments to users instantaneously upon their arrivals and users select products from offered assortments according to the contextual multinomial logit choice model. We...

Motivated by widespread outsourcing practices, this paper studies how a pre-outsourcing client facing uncertain operating costs selects an outsourcing contract between two contract types (the fixed-price contract and the cost-plus contract) proposed by two vendors, who offer contracts only if...

This paper studies the influence of C2C resale marketplaces on pricing decisions and revenue performance of a capacitated seller selling high-tech or fashion products. We consider a monopolist seller sells fashionable products to consumers over two periods. Consumers who purchased early can...

In this paper, we study how the provision of product information and/or market information affects buyers' and sellers' behavior in an online marketplace, and how the online marketplace performs financially in regards to sales and sales volume as a result. We first identify the Pareto-dominant...

Department: Business.

Legal studies usually treat a policy of a manufacturer or retailer as socially harmful if it reduces product output and increases the price. We consider a two-period model where the first-period price is fixed by resale price maintenance (RPM) and resellers endogenously decide to use another...

Consider a retailer announces both the regular price and the post-season clearance price at the beginning of the selling season. Throughout the season, customers arrive in accord with a Poisson process. In this paper we analyze the impact of two types of customer purchasing behavior and two...