Showing 1 - 10 of 26
Many services are delivered to a (large) number of customers simultaneously within a confined zone (e.g., restaurants, resorts, trains, and airplanes). Under unexpected high demand, customers experience discomfort from two major sources: (a) the that arises when too many customers (i.e.,...
Persistent link: https://www.econbiz.de/10008788048
Service providers and their customers are sometimes victims of failures caused by exogenous factors such as unexpected bad weather, power outages, or labor strikes. When such no-fault failures occur in confined zones, service providers may confine customers against their will if making...
Persistent link: https://www.econbiz.de/10010630463
Persistent link: https://www.econbiz.de/10011162041
We consider multiunit Vickrey auctions for procurement in supply chain settings. This is the first paper that incorporates transportation costs into auctions in a complex supply network. We first introduce an auction mechanism that makes simultaneous production and transportation decisions so...
Persistent link: https://www.econbiz.de/10009208484
Almost all research in appointment scheduling has focused on the trade-off between customer waiting times and server idle times. In this paper, we present an observation-based method for estimating the relative cost of the customer waiting time, which is a critical parameter for finding the...
Persistent link: https://www.econbiz.de/10009218583
This paper compares two types of appointment-scheduling policies for single providers: traditional and open-access. Under traditional scheduling, each of a specified number of patients per day is booked well in advance, but may not show up for his or her appointment. Under open-access...
Persistent link: https://www.econbiz.de/10009218846
Persistent link: https://www.econbiz.de/10005737783
This paper presents a theory that yields insight into the determination of package prices and sizes. Consumer heterogeneity in consumption rates, storage costs, and transactions costs (costs of making trips to the store) explains differences in package sizes and unit prices. In the model,...
Persistent link: https://www.econbiz.de/10005607937
Persistent link: https://www.econbiz.de/10005758995
Manufacturers can stimulate sales by a temporary wholesale price reduction for the retailer, a rebate directed toward consumers, or a combination of both. The trade-offs between these price promotions are analyzed, providing insights about their roles, profitability, and welfare properties....
Persistent link: https://www.econbiz.de/10005820662