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We analyze a periodic review stochastic inventory model with T periods and I items. At the beginning of each period, the inventory position of each item can be adjusted by placing an order or by salvaging some of the inventory. There is a limited capacity for the total inventory held at the end...
Persistent link: https://www.econbiz.de/10014076910
Problem definition. Motivated by the debate around drivers' welfare in on-demand transportation, we propose a framework to evaluate current practices and also possible alternatives. We study a setting in which riders seek drivers and a platform facilitates such matches over the course of the...
Persistent link: https://www.econbiz.de/10014077802
We develop a model of Cournot competition between capacity-constrained firms that sell a single good to multiple regions. We provide a novel characterization for the unique equilibrium allocation of the good across regions and design an algorithm to compute it. We show that a reduction in...
Persistent link: https://www.econbiz.de/10014110175
A realistic specification for consumer heterogeneity should allow for both multiple market segments and within-segment heterogeneity. Such a flexible heterogeneity specification, which we term as multimodal consumer heterogeneity (MCH), raises considerable modeling challenge. We propose an...
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