We model two existing thermostats and one novel thermostat to see how well they operate under dynamic pricing. The existing thermostats include a traditional thermostat with set temperature goals and a rigid thermostat that minimizes cost while always keeping temperature within a rigid...

Problem definition: In this paper, we study a reliable hub location model, the objective of which is to minimize the associated costs plus the penalty for unserved demands. The model assigns to each origin-destination pair a primary path and a backup path to hedge against the risk of random...

Problem definition: Observing the retail industry inevitably evolving into omnichannel, we study an offline-channel planning problem that helps an omnichannel retailer make store location and location-dependent assortment decisions in its offline channel to maximize profit across both online and...

Efficiency wage theories predict that companies that pay high wages will have higher productivity from high work effort, low turnover, and other efficiency-enhancing effects. This paper uses the PIMS line-of-business data set to test whether high wage businesses are more productive. Relative...

This article presents tests of rational expectations using the Profit Impact of Market Strategy survey of executives of large corporations. Unlike past surveys, the respondents have a financial interest in being accurate. Executives do not have rational expectations concerning output prices,...