We present a model of dynamic resource allocation in a setting where continuity of service is important and future resource availability is uncertain. The paper is inspired by the challenges faced by HIV clinics in resource-limited settings in the allocation of scarce HIV treatment among a large...

We study the impact of yield uncertainty (supply side) and self-interested consumers (demand side) on the inefficiency in the influenza vaccine supply chain. Previous economic studies, focusing on demand side, find that the equilibrium demand is always less than the socially optimal demand since...

In recent years, growth in the demand for emergency medical services along with decline in the number of hospitals with emergency departments (EDs) has raised concerns about the ability of the EDs to provide adequate service. Many EDs frequently report periods of overcrowding during which they...

Physicians regularly face the challenge of differential diagnosis, i.e., differentiating between diseases with similar symptoms. As a first step, a physician forms an initial belief for each possible disease. In the second step, the physician conducts more tests and examinations over multiple...

In common parlance, luxury and markdowns are, in many respects, contradictory concepts. Markdowns decrease product exclusivity and hence consumers' willingness to pay (i.e., snob effect) since most consumers purchasing luxury desire uniqueness. Markdowns also encourage strategic...

Several Emergency Medical Service (EMS) agencies across the US have demonstrated that the time spent by EDs on ambulance diversion can be reduced by implementing community-wide policies that restrict the duration and frequency of diversion episodes. However, the mechanisms through which these...