We study dynamic price competition in an oligopolistic market with a mix of substitutable and complementary perishable assets. Each firm has a fixed initial stock of items and competes in setting prices to sell them over a finite sales horizon. Customers sequentially arrive at the market, make a...

Personalized pricing analytics is becoming an essential tool in retailing. Upon observing the personalized information of each arriving customer, the firm needs to set a price accordingly based on the covariates such as income, education background, past purchasing history to extract more...

Motivated by the recent trend of increasing transparency and traceability in the food and pharmaceutical industries, we investigate the impacts of traceability on a supply chain in which a buyer (e.g., a procurement agent or retailer) sources a product from multiple competing suppliers. When a...

Problem Definition: In this paper we develop a unified framework to investigate firms' joint decisions on product quality, price and ancillary service, when they offer a line of products to consumers in a variety of monopolistic and competitive environments.Academic/Practical Relevance: Product...

In this paper we propose a hybrid model to study sequential and simultaneous choice behavior in the presence of search cost. After examining all products in an assortment, a rational consumer decides whether to continue searching. Switching from one assortment to another often incurs a search...

This paper incorporates heterogeneous threshold effects into the classical multinomial logit (MNL) model, and studies the associated operations problems such as estimation and assortment optimization. The derived model is referred to as the threshold multinomial logit (TMNL) model and...