We study the profitability of a seller of two products under simultaneous vs. sequential releases. The seller and heterogenous customers have a prior belief of products' popularity before their debut. The sequential release allows customer engagement and learning about the product for an...

How should workers in the on-demand economy be classified? As contractors, employees, or somewhere in between? We study this policy question focusing primarily on the welfare of long-term (LT) workers, who have worked as much as full-time employees but have been treated as contractors. We...

As consumer buying habits are trending toward more simple and hassle-free experiences, more and more companies are jumping into the innovative business model of subscription services. Subscription providers such as Spotify, Netflix and OneGo (an all-you-can-fly subscription service provider)...

Around the start of this new millennium, scholars in the operations management/operations research field started to make important contributions to the study of price competition models. In this tutorial, we review these contributions, and partition them into five broad areas. Most of the...

Problem definition: Reorder flexibility allows firms to better match supply with unpredictable demand for products with short selling seasons. We study how competition affects the flexibility choices, inventory and pricing decisions, and profits of duopoly firms, assuming that price competition...

We consider a socially responsible firm that is concerned with its profit as well as consumer surplus, following the preference of pro-social executives or a government shareholder. Specifically, we study the decisions faced by a newsvendor whose objective is modeled as a weighted average of the...

Within the framework of prospect theory, this paper considers a decision-maker who wishes to maximize an audience's experienced utility under three different settings. First, we investigate the problem of simultaneous vs. sequential release of a series such as songs or TV episodes, where the...

As a supplement to Zhu et al. (2020), this document consists of five parts. First, it provides technical proofs of some theoretical results in Zhu et al. (2020). Second, it introduces some preliminary results on stochastic distribution systems with fixed shipment costs. Third, it provides some...