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How should a firm make joint production and replenishment decisions in a make-to-order setting where it can use either of two kinds of raw materials (or their mixture) to produce an end product using a shared production line with stochastic capacity? The problem is motivated by the practice of...
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We consider joint learning and pricing in network revenue management (NRM) with multiple products, multiple resources with finite capacity, parametric demand model, and a continuum set of feasible price vectors. We study the setting with a general parametric demand model and the setting with a...
Persistent link: https://www.econbiz.de/10012825657
Motivated by the growth of ride-hailing services in urban areas, we study a (tactical) real-time spatial-inter-temporal dynamic pricing problem where a firm uses a pool of homogeneous servers (e.g., a fleet of taxis) in a network to serve price-sensitive customers who request a service (i.e., a...
Persistent link: https://www.econbiz.de/10012833042
A buyer seeking to outsource production may be able to find ways to reduce a potential supplier's cost, e.g., by suggesting improvements to the supplier's proposed production methods. We study how a buyer could use such "cost reduction investigations" by proposing a three-step supplier selection...
Persistent link: https://www.econbiz.de/10012842560
We consider a multi-product dynamic pricing problem with limited inventories under the so-called Cascade Click model, which is one of the most popular click models used in practice for analyzing customers' click-and-search behavior in large-scale web analytic applications. We present three...
Persistent link: https://www.econbiz.de/10012889528
We consider a monopoly firm that aims to maximize its total revenue over a finite horizon by optimizing the assortments across different periods. Customers make their purchase decisions according to a variant of the classical MNL model that incorporates popularity bias. We assume that the...
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