We address the problem of designing multi-item procurement auctions for a monopsonistic buyer in capacity-constrained environments. Using insights from classical auction theory, we construct an optimization-based auction mechanism (Üsmart marketÝ) relying on the dynamic resolution of a linear...

Companies such as Zara and World Co. have recently implemented novel product development processes and supply chain architectures enabling them to make more product design and assortment decisions during the selling season, when actual demand information becomes available. How should such retail...

Buyout options allow bidders to instantly purchase at a specified price an item listed for sale through an online auction. A temporary buyout option disappears once a regular bid is submitted, whereas a permanent option remains available until it is exercised or the auction ends. Such buyout...