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Th
Org
Spo
he Nint
OM
anizers
onsor
th POM
M and A
The ChiJanu
MS‐HK
Analyt
inese Unuary 6 –
Abstr
K Inter
tics – Th
niversity7, 2018
act Sum
nation
he New
y of Hon8 (Sat –
mmary
nal Con
w Horiz
ng KongSun)
nferen
zon
g
nce
Ses
Ev
A S
Tion
Facu
Rash
Facu
Lean
that
Data
lean
aime
and
eme
offe
philo
Keyw
care
UnPeSu
Jin W
City
Javie
Rutg
Hain
Shen
Surg
ope
influ
find
segm
surg
pers
ORs
Keyw
ssion 1A –
aluating
Slack‐Ba
ng Ngee Wen
ulty of Busine
hidi Ahmad
ulty of Medic
n healthcare
t enabled lea
a Envelopme
n efficiency,
ed to assess
after lean
ergency depa
r benchmar
osophy.
words: Healt
e
nderstanerspectivrgery
Wang, Kwok‐
University o
er Cabrera, J
gers Univers
nan Guo
nzhen Unive
gery duration
ration room
uence surger
evidence in
ments, each
gery duratio
spectives to
.
words: Surge
– Healthca
g Efficie
ased Mo
n, Azmin Azli
ess and Acco
cine, Univers
e was measu
an assessme
ent Analysis
but such ap
the efficienc
implementat
artment upo
rking capabi
thcare opera
nding ves: Eva
‐Leung Tsui,
of Hong Kong
ohn B. Kosti
ity
rsity
n is usually u
s (ORs). In c
ry duration. U
n support o
of which is p
n better by
understand
ery duration,
are Operat
ency in L
odel
za Aziz, Suha
ountancy, Un
sity of Malay
red with mu
ent across a
(SBM‐DEA)
pplication in
cy among lea
tion outcom
on lean impl
lity that ma
ations manag
Surgealuation
Monique Ba
g
s
used as an in
contrast, we
Using almost
of our conje
performed by
y predicting
surgery dur
, workload, s
tions I
Lean Em
aiza Zailani
niversity of M
ya
ultiple perfor
group of ho
developed b
the healthc
an emergenc
mes. Results
ementation
ay complem
gement, Slac
ery Dn from
akker
nput of the o
investigate
t two years o
ecture. Surge
y surgeons o
the three
ration, and i
surgery sequ
mergenc
Malaya
rmance met
mogeneous
by Tone (200
care system
cy departme
exhibited im
and the pro
ment the lea
ck‐based me
DurationA Data
peration ma
whether the
of data from
ery duration
or anesthetis
segments se
insights to r
uence, surgeo
cy Depa
rics but ther
peers. Slack
01) may prov
is still limite
ents by comp
mprovement
oposed SBM‐
an continuou
easure, Efficie
n frombase on
anagement (O
e allocation
a large hosp
n can be div
sts and nurse
eparately. W
reformulate
on, anesthet
rtment:
re is lack of t
k‐Based Mea
vide insights
ed. This rese
paring the be
t in some p
‐DEA model
us improvem
ency, Emerg
m Nen Thora
OM) problem
decisions in
pital in China
vided into t
e. We can pre
We provide
OM problem
tist
:
tools
asure
into
earch
efore
ublic
may
ment
gency
ew acic
ms in
turn
a, we
three
edict
new
ms in
Mu Yan
Scho
In C
a re
refe
spec
wait
dise
dow
dep
opti
whe
insig
Th
Tim Yi D
Busi
The
pros
effic
syst
the
Usin
pers
Wha
effic
prov
reas
rang
relat
from
effic
Keyw
spac
utual Re
Diao, Weife
ool of Manag
hina, patient
eform to buil
erral with pa
cialist (SP) fir
ting time in
ease complex
wn to GP ot
dence of th
mal policy a
ere patients
ghts are disc
he Efficie
me of Ca
an, Yueru M
iness School,
construction
sperous soc
ciency evalua
em regardin
statistical da
ng DEA met
spectives inc
at's more, a
ciency. Resul
vinces is low
son for the lo
ged inconsp
tively slow.
m the level o
ciency of Car
words: Care
ce and time
eferral i
n Zhuang
gement, Xiam
ts have free
ld up a two‐
atient choice
rst according
the chosen
xity for refer
herwise. We
e sensitivity
nd total cost
must go to
ussed as we
ency Eva
are in R
a
, Central Sou
n of rural old
iety in all r
ation of Care
ng Care in N
ata from 20
thod to eva
cluding the
analyzing th
lts show tha
wer than the
ower compre
icuously, th
It need to im
of efficiency
re in Nursing
in rural Nu
in Healt
men Univers
access to do
‐way referra
e where a p
g to his/her s
system. The
rral, above w
e compare t
y to service
t between th
GP first an
ll.
aluation
Rural Nu
uth Universit
d‐age service
espects. Acc
e in rural Nu
ursing Home
09 to 2014
aluate the
comprehens
e dynamic
t the pure te
e scale effici
ehensive eff
e speed of
mprove the
and speed.
Homes wer
ursing Home
thcare w
ity
octors. Recen
l healthcare
patient choo
sensitivity to
governmen
which, the pa
the optimal
quality and
he mutual re
d can be re
n and D
ursing H
ty
e institutions
cording to t
rsing Homes
es' efficiency
of Care in N
efficiency o
sive efficien
change and
echnical effic
iency, the lo
iciency; From
improving e
comprehens
Finally, the
e put forwar
es, DEA meth
with Pat
ntly the Chin
e system. In
oses to see
o the doctor’
t sets a trea
atient is refe
policy betw
waiting tim
ferral system
eferred from
Differenc
omes in
s is the mean
the existing
s, this paper
y and evalua
Nursing Hom
of Care in N
cy, return t
d characteris
ciency of Ca
ow pure tech
m 2006 to 20
efficiency of
sive efficienc
measures an
rd.
hod, efficien
tient Ch
nese governm
this paper, w
general prac
’s ability (ser
atment thres
rred up to S
ween the ind
me. We furth
m and the ga
m GP to SP o
ce in Sp
n China
ning of build
research re
established
ation model
mes in 31 pro
Nursing Hom
o scale, pro
stics of time
re in Nursing
hnical efficie
013 year, the
f Care in N
cy of Care in
nd suggestio
ncy evaluatio
hoice
ment is launc
we study mu
ctitioner (GP
rvice quality)
shold in term
P and is refe
dependence
her compare
atekeeper sys
only. Manag
pace and
ing a modera
esults about
evaluation i
; Then, selec
ovinces of C
mes from t
ojection ana
e and space
g Homes in m
ency is the m
e efficiency i
ursing Hom
n Nursing Ho
ons on impro
on, differenc
ching
utual
P) or
) and
ms of
erred
and
e the
stem
gerial
d
ately
t the
ndex
cting
hina.
three
lysis.
e on
most
main
ndex
es is
omes
oving
ce in
Ses
Th
Po
Shut
Scho
This
prov
prod
subs
loan
II).T
subs
man
insig
this
Wh
Re Jiajin
Scho
This
prom
pre‐
inco
bene
mar
our
into
Mor
ssion 1B –
he Optim
olicy
ting Xu, Yong
ool of Manag
s paper pro
viding green
ducts and g
sidy and pro
n policies, w
he result sh
sidy are det
nufacturer w
ghts about t
paper.
hich Pre
egular P
ng Lu, Yongq
ool of Manag
s paper comp
motion. The
‐sale price a
omplete pric
efits when
rket promoti
model. Spec
account the
reover, some
– Emerging
mal Prod
gquan Lan
gement, Xiam
poses a Sta
loan to gree
green produ
oduction dec
hich are int
hows that t
ermined by
will take dif
he green loa
e‐Sale C
rice or L
quan Lan
gement, Xiam
pares two pr
first contra
and the reg
ce informatio
participating
ion has an im
cifically, we i
e inventory
e manageme
g Supply C
duction
men Univers
ackelberg ga
en products
ucts with ca
cisions for bo
erest rate d
the governm
the environ
fferent prici
an policies to
Contract
Locking
men Univers
re‐sale contr
ct provides
gular price
on, that is,
g in pre‐sale
mpact on th
nvestigate th
constraints,
ent insights a
Chain and
Decisio
ity
ame with t
and a mono
apital constr
oth players
iscounts(Mo
ment’s decis
nment effort
ng strategie
o improve th
t to Cho
the Ben
ity
racts that e‐c
full price in
information
buyers only
e.We consid
he buyers’ w
he seller’s pr
logistics cos
are also discu
Retailing
on unde
wo players,
opoly enterp
raint respect
are discusse
odel I ) and
ion about w
t coefficient
es correspon
he environm
oose: Lo
nefit
commerce se
formation, w
n, while the
y know the
er the cond
willingness to
re‐sale contr
st, buyers’ w
ussed in this
g
er Green
, including t
prise produc
tively. The
ed under tw
interest free
whether to
t of green p
ndingly. Som
mental efficie
cking th
ellers may ch
which gives
e second co
regular price
dition in wh
o pay and in
ract selection
willingness to
paper.
n Loan
the governm
ing both prim
optimal inte
o kinds of g
e loans (M
provide inte
products and
me managem
ency are give
he
hoose before
buyers both
ontract prov
e and addit
ich the exte
corporate it
n strategy, ta
o pay and so
ment
mary
erest
green
Model
erest
d the
ment
en in
e the
h the
vides
ional
ernal
into
aking
o on.
Th
Su
Zhe
Scho
This
mod
and
gove
dem
decr
less
man
Th
Om Lili S
Scho
With
attra
effe
unif
inco
mod
Fina
com
he Impac
bsidy C
Tan, Zhaowe
ool of Manag
s paper prop
del(CSM), bi‐
the nonlin
ernment sub
mand noise h
reases the p
subsidies fo
nagement ins
he Benef
mnichan
Shangguan, Z
ool of Manag
h increasing
active strate
ctively make
form pricing
orporate con
del and divid
ally, we pr
mparisons of
ct of De
onstrain
ei Miao
gement, Xiam
poses three m
‐subsidy mod
ear program
bsidy constra
has no influe
rice, the pro
or unit prod
sights for dif
fit of Un
nnel Ret
Zhaowei Mia
gement, Xiam
g concerns o
egy for man
e pricing de
strategy is e
nsumers' onl
de consume
ovide seve
search cost,
emand U
nt on G
men Univers
models, incl
del(BSM). W
mming to in
aint on the a
ence on the
ofits for the s
uction in BS
fferent mode
niform P
tailing
ao
men Univers
over omnich
ny retailers.
ecisions for t
effective base
ine return p
rs into two
ral manage
return cost,
Uncerta
reen Te
ity
uding consu
We use the sta
nvestigate th
adoption of g
unit subsidy
supplier and
SM. We also
els and differ
Price wi
ity
hannel prob
This paper
their online
ed on consu
probability, o
types: myop
erial insight
return prob
ainty and
echnolog
umer rebates
ackelberg m
he impact o
green techno
y in CRM; fo
the unit sub
analyze the
rent market
ith Sear
blems, unifo
studies how
and offline
mers' search
online return
pic consume
ts for omn
ability and c
d Gover
gy Adop
s model (CR
odel, the ne
of demand
ology. The re
or CSM, dem
bsidy; the go
e social welf
conditions re
rch Cost
orm pricing
w omnichan
e channels a
h and purcha
n cost and se
ers and strat
nichannel re
consumer typ
rnment
ption
M), cost sub
wsvendor m
uncertainty
esults show
mand uncerta
overnment o
fare to get s
espectively.
t for
is becoming
nel retailers
and whether
ase behavior
earch cost in
tegic consum
etailers thro
pe.
bsidy
model
and
that,
ainty
offers
some
g an
s can
r the
r. We
nto a
mers.
ough
On
Mia
Scho
In th
adve
info
reta
cons
pape
the
the
Ses
Se
Re Di Z
City
We
bon
lear
and
purc
enla
char
bon
Keyw
nline Ad
o Li, Yongqu
ool of Manag
he contempo
ertising: per
rmation. In
ilers, we in
sumers to t
er not only i
impact of st
retailer's ref
ssion 1C –
lling Str
eference
hang, Biying
University o
investigate
us. The firm
ning behavio
also post re
chase decisio
arges the sco
rge price low
us strategy.
words: socia
dvertisin
an Lan
gement, Xiam
orary e‐com
rsuasive adv
this paper,
nvestigate w
he other on
investigates
rategic and
ferral motiva
OM‐Mar
rategy i
e Effects
Shou, Steph
of Hong Kong
a firm’s pric
launches a n
or. Early con
views after p
on. The surp
ope where re
wer than prod
l learning, re
ng by Co
men Univers
merce, it is
vertising an
, through a
whether the
ne through p
the equilibr
loyal custom
ations and th
keting Int
n the Pr
s
hen Shum
g
cing decision
new product
nsumers ma
purchase. La
prise bonus
eviews impro
duction cost
eviews, price
ompetin
ity
important to
nd advertisin
two‐stage
re exists an
persuasive o
ium choice a
mers on the r
he collusion b
terface I
resence
n under two
t in two peri
ake purchase
ater consume
strategy is
ovement is a
t with price d
e discount, su
ng Retai
o distinguish
ng about p
game mode
n equilibrium
or price adv
about advert
referral strat
between the
e of Soci
o strategies:
ods and con
e decision b
ers observe e
more benef
adopted. In a
discount, wh
urprise bonu
ilers
h between d
rice, repres
el with two
m for the r
ertisement.
tisement, bu
tegy in order
two channe
ial Learn
price discou
fronts consu
based on int
early review
ficial to the
addition to th
ile it never h
us
different type
senting diffe
o heterogen
retailer to
Specifically,
ut also illustr
r to demonst
els.
ning and
unt and sur
umers with s
trinsic valuat
ws and then m
firm, and al
his, the firm
happens with
es of
erent
eous
refer
this
rates
trate
d
prise
social
tions
make
lso it
may
h the
Ho Yi Zh
Beiji
T.C.
Dep
Vice
Dep
Afte
mot
how
show
prod
wou
can
the
Keyw
Ext
Ne Cha
The
In th
man
valid
reta
strat
chai
info
Keyw
asym
ow Barte
hang, Guowe
ing Jiaotong
E. Cheng
partment of L
enc Fernande
partment of M
er buying pro
tivation of of
w barter affe
w that bart
ducts sales.
uld increase
increase the
cost range a
words: Proba
tract M
ew Prod
ng Dong, Qia
Hong Kong U
he literature
nufacturer ha
d in reality.
iler who mig
tegic invento
in, but also
rmed retaile
words: New
mmetry, sup
er Affec
ei Hua, Julian
University
Logistics and
ez
Managemen
obabilistic pr
ffering proba
ct the optim
ter increase
Barter broad
with barter
e profit of p
lso increases
abilistic sellin
arket In
duct Lau
an Liu
University of
e of new pro
as perfect co
In this study
ght deviate f
ory. We find
enable the
er.
w product
ply chain ma
cts Prob
ng Zhang
Maritime St
t, Universita
roducts, cust
abilistic prod
mal decisions
s probabilis
dens the app
probability.
robabilistic s
s with the ba
ng, Bartering
nformat
unch
f Science and
oduct launch
ontrol towar
y, we consid
rom the rollo
d that such d
manufactur
launch, pr
anagement
babilistic
tudies, The H
t Politècnica
tomers inten
duct with bar
s and profita
tic products
plication ran
If barter pr
selling when
arter probab
g, Pricing, E‐c
tion from
d Technology
h and produc
rds the rollov
der a manufa
over strategy
deviation wo
rer to extra
roduct rollo
c Selling
Hong Kong Po
a de Cataluny
nd to barter w
rter choice a
ability of pro
s sales whil
nge of proba
robability is
n product co
bility.
commerce
m Strat
y
ct rollover, i
ver strategy.
acturer intro
y designed b
ould not only
ct market in
over, strate
g?
olytechnic U
ya
with others.
and answer t
obabilistic se
le cannibaliz
abilistic sellin
below one t
ost is in a mi
egic Inv
t’s usually a
. However, t
oducing a ne
by the manuf
y help coord
nformation
gic invento
University
We explores
the question
elling. The re
zing the reg
ng and the r
threshold, ba
idrange. Bes
ventory
ssumed that
this is not alw
ew product v
facturer, thro
dinate the su
from the be
ory, informa
s the
that
esults
gular
ange
arter
sides,
in
t the
ways
via a
ough
upply
etter
ation
Se
wi Xiao
Scho
Qi W
Case
Guo
Univ
Alan
Carn
Disc
mor
the
que
redu
This
reve
coun
qua
polic
Keyw
Ses
Ga
Re Mich
Susa
Stef
Usin
of c
hom
redu
wro
adm
gate
can
Keyw
lling Dis
th Perip
ofang Wang
ool of Busine
Wu
e Western Re
oming Lai
versity of Tex
n Andrew Sch
negie Mellon
cretionary se
re value from
peripheral re
ueing frame
uces the ser
s effect is mo
enues. More
nter‐intuitive
lity. We also
cies.
words: strate
ssion 1D –
atekeep
eferral E
hael Freema
an Robinson
fan Scholtes:
ng data from
congestion o
me) and the e
ucing errors.
ngful discha
mission. We a
ekeepers can
mitigate this
words: gatek
scretion
pheral C
ess, Renmin
eserve Unive
xas at Austin
heller‐Wolf
n University
rvices are th
m longer serv
evenues com
ework and f
vice fee and
ore profound
eover, when
ely, the serv
o show insig
egic custome
– Empirica
ping und
Errors in
n: INSEAD
: Cambridge
Cambridge J
m over 350,0
on the accur
effectiveness
. We find tha
rges – a mor
also show th
n pass custo
s effect.
keeping, con
nary Ser
Consum
University of
ersity
n
hose in which
vice. The fact
mplicates the
ind that if t
d improves s
d if the servic
n the custo
vice provide
ghts with res
ers, queuein
al Researc
der Cong
n the Em
University H
Judge Busine
00 visits to a
racy of gate
s of a second
at when con
re safety‐crit
hat introduci
mers if they
gestion, hea
rvices to
ption
f China
h customers
t that the se
e speed‐qual
the peripher
service quali
ce provider o
omers becom
r might spee
spect to soci
g games, ser
h I
gestion:
mergenc
Hospitals
ess School
an emergenc
ekeeping dec
d gatekeepin
ngestion incr
tical concern
ng a second
y are unable
alth care, eco
o Strate
prefer not t
rvice provide
lity trade‐off
ral price inc
ity, but the
obtains a low
me more s
ed up the se
ial welfare a
rvice operati
:An Em
cy Depa
cy departme
cisions (hosp
ng stage (a c
reases, physi
n – by loweri
d gatekeepin
to make an
onometrics
gic Cust
o wait in line
er can obtain
f decision. W
reases, the
demand rate
wer fraction o
sensitive to
ervice, whic
and the effe
ons
mpirical
rtment
ent (ED), we
pital admiss
linical decisio
icians preve
ng the thres
g stage – to
accurate re
tomers
e, but also de
n a proportio
We use a stra
service prov
e still decrea
of the periph
service qu
h lowers se
cts of regula
Study o
study the e
ion or disch
on unit (CDU
nt an increa
shold for hos
which front
eferral decisi
erive
on of
tegic
vider
ases.
heral
ality,
rvice
ation
of
effect
harge
U)) in
se in
spital
t‐line
ion –
Eff
in Jiayi
Jing
Kum
Zhic
We
appo
focu
We
clini
follo
appo
wer
time
imp
resc
resc
shor
incre
Keyw
Dy
Se Liu M
The
Jingt
Pen
Ride
dem
Utili
capa
the
Keyw
fects of
Outpat
i Liu: Univers
ui Xie: Schoo
m Khiong Yan
chao Zheng: S
study the ef
ointment sy
used on new
offer a mor
cal data, we
ow‐up patie
ointments w
e reschedule
e and are i
lications fo
cheduling by
cheduling ca
rter waiting
ease through
words: Healt
ynamic P
arch Mo
Ming
Chinese Uni
ting Fan, We
n State Univ
e‐sharing pla
mand. We bu
izing data fro
acity distribu
performance
words: Empi
Resche
ient Clin
sity of Scienc
ol of Manage
ng: Independ
Singapore M
ffects of wait
stem for bot
w patients an
e nuanced u
e demonstra
ents. Instead
were resched
ed by the cli
nsensitive t
r managing
follow‐up p
n be offered
times. The
hput.
thcare Appoi
Pricing o
odel
iversity of Ho
enlan Luo, W
ersity, Tsing
atforms emp
uild a spatial
om a leading
ution and th
e of current
rical, Ride sh
eduling o
nics
ce and Techn
ement, Unive
ent
Management
ting time and
th new and
nd investigat
understandin
ate that wa
d, their no
duled at the
nic. New pat
to who initi
g no‐shows
patients to re
d to new pa
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Constant‐Order Policies for Lost‐Sales Inventory
Models with Random Supply Functions: Asymptotics
and Heuristic Jinzhi Bu, Xiting Gong
Department of Systems Engineering and Engineering Management,
The Chinese University of Hong Kong
Dacheng Yao
Academy of Mathematics and Systems Science, Chinese Academy of Sciences,
We consider an infinite‐horizon lost‐sales inventory model where the supply takes positive
lead time and is a random function of the order quantity (e.g., random yield or capacity). The
optimal policy for this model is very complex and intractable due to the curse of
dimensionality; and no effective heuristic has been proposed in the literature. In this paper,
we focus on a simple class of constant‐order policies (COP) that place the same order in
every period, regardless of the system state. Under some mild assumptions on the random
supply function, we prove that the best COP is asymptotically optimal with large lead times
and the optimality gap converges exponentially fast to zero. In addition, we prove that, if the
mean supply capacity is less than the mean demand, then the best COP is also
asymptotically optimal with large penalty cost; otherwise, the long‐run average cost of the
best COP asymptotically increases at the rate of square‐root of the penalty cost.
Furthermore, we construct a simple heuristic COP and show that it performs very close to
the best COP. Finally, we conduct numerical studies to derive further insights into the
performance of the best COP.
Key words: inventory, lost sales, random supply function, constant‐order policy, lead time,
penalty cost
Service Design under Acclimation and
Non‐homogeneous Memory Decay Yifu Li, Xiangtong Qi
Department of Industrial Engineering and Logistics Management,
Hong Kong University of Science and Technology
Tinglong Daiz
Carey Business School, The Johns Hopkins University
In today’s “experience economy," service providers increasingly emphasize creating
memorable, delightful service experiences, a crucial aspect of which is the schedule of
activities a service package comprises. Empirical literature shows an ideal schedule often
entails an interior peak; that is, the most engaging activity (aka peak activity) is scheduled
neither at the beginning nor the end of the package. Theoretic literature, on the other hand,
points to a U‐shaped schedule such that the peak activity should be scheduled either at the
beginning or the end. To bridge this gap between empirical and theoretical literature, we
modify the acclimation and memory decay (AMD) model by incorporating heterogeneity in
the memory‐decay rates across different activities. We find, surprisingly, this heterogeneity
alone is sufficient to explain the phenomenon of interior peaks often observed in practice
but not explained by the theoretic literature. We show that whenever an interior peak is
optimal, it is optimal to schedule a low‐utility activity either before or after‐but not both
before and after‐the peak activity. Furthermore, we find an interior peak is optimal when
the memory‐decay rate of the peak activity is neither too high nor too low. Our analysis also
leads to several nonintuitive results. For instance, as the memory‐decay rate of the peak
activity increases, one might expect the optimal start time of the peak activity to increase.
Our results, however, show such a start time may change in a non‐monotonic fashion. Lastly,
we devise a pseudo‐polynomial time, dynamic programming algorithm for the optimal
service design.
Keywords: service design, memory decay, acclimation, service operations, dynamic
programming.
The Analytics of Bed Shortages: Coherent Metric,
Prediction and Optimization Jingui Xie School of Management, University of Science and Technology of China Gar Goei Loke Department of Mathematics, National University of Singapore Melvyn Sim NUS Business School, National University of Singapore Shao Wei Lam Singapore Health Services Pte Ltd
Bed shortages in hospitals usually have a negative impact on patient satisfaction and medical
outcomes. In practice, healthcare managers often use bed occupancy rates (BOR) as a metric
to understand bed utilization, which is insufficient in capturing the risk of bed shortages.
Based on the riskiness index of Aumann and Serrano (2008), we propose the entropic bed
shortage metric, which captures more facets of bed shortage risk than traditional metrics
such as the occupancy rate, the probability of shortages and expected shortages. Building
upon this, we propose the entropic BOR, which represents the risk‐corrected BOR and can
be intuitively understood by practitioners. Our metric has the ability to incorporate
high‐fidelity statistical information without compromising its computability, and can be
consistently used across the descriptive, predictive and prescriptive analytical approaches.
We also propose optimization models to control the risk of bed shortages and plan for bed
capacity via this metric. These models can be efficiently solved on a large scale via a
sequence of linear optimization problems. The first determines the optimal scheduling policy
by lexicographically minimizing the steady state daily entropic bed shortage metric for a
given number of scheduled admissions. The second maximizes total elective throughput
while managing the metric under a specified threshold. We validate these models using real
data from a hospital and test them against datadriven simulations. We apply these models
to study the real‐world problem of long stayers, to predict the impact of transferring them
to community hospitals, as a result of an aging population.
Keywords: Analytics, bed shortages, coherent metric, riskiness index, data‐driven
optimization, simulation
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performanc
e portfolio c
d illustrate t
ar in baske
hain Gre
ence fro
Hong Kong Po
University
pply chain gre
omic, and soc
g green inte
ination, (2) c
on three asp
a, we find t
n integration
on increases
on, triple bott
of Portf
k Using
e failure of an
o measure a
isk. Portfolio
efaultable as
ting the sen
ng model pa
aper, we co
collateralized
mators of t
meters. Our
ce measures
credit loss. W
their applicat
t default sw
een Inte
om Chin
olytechnic U
een integrat
cial perform
egration into
considering
pects of the
that supplie
n improves
social perfor
tom line, Ch
folio Cre
Monte
n obligor to m
and manage
o credit deriv
ssets and wh
nsitivities of
rameters is
onsider two
d debt obliga
their sensitiv
r results are
s can be wri
We give cond
tion in thres
waps pricin
egration
na
niversity
ion on the tr
ance. This st
o green stra
the supply c
triple botto
r green inte
environme
rmance.
ina
edit Der
Carlo
make a cont
the overall
vatives are c
hose payoffs
portfolio c
an importan
o important
ations (CDOs
vities with
also applica
itten as an
ditions unde
shold models
g and port
on the
riple bottom
tudy extends
ategic alignm
chain wide g
m line. Base
egration imp
ental and s
rivatives
ractual paym
credit expo
ontracts tha
s depend on
redit deriva
nt issue in pr
portfolio c
s) and derive
respect to
able to port
expectation
er which the
s (latent var
tfolio credit
line,
s the
ment,
green
ed on
pacts
social
s
ment.
osure
t are
n the
tives
ricing
redit
e SPA
both
tfolio
of a
e SPA
iable
risk
Ses
Th Chi X
The
The
Row
Lee
In th
incu
at h
estim
deci
Keyw
man
Ca
On Lixia
Xi’an
Didi
Beiji
Zhan
City
On‐d
redu
Beiji
in co
pote
cars
mob
mod
Keyw
Effe
ssion 1H –
he Impac
Xie, Daniel Z
department
Chinese Uni
wan Wang
Kong Chian S
his paper, w
urred for cust
higher level,
mation on th
ision making
words: hour
nagement
nnibaliz
n‐Dema
an Qian
n Jiaotong‐Li
er Sooprama
ing Foreign S
n Pang
University o
demand car
uce private
ing to unpac
omparison w
ential cannib
s, but more
bility deman
des and prici
words: On‐D
ct, Market E
– Sharing E
ct of Est
huoyu Long
t of Systems
iversity of Ho
School of Bu
e consider a
tomers if the
, the custom
heir uncertai
g of custome
rly car renta
zation a
nd Car R
iverpool Univ
anien
Studies Unive
of Hong Kong
rental, also
car use and
ck the underl
with other ur
balization eff
importantly
nd, which pr
ng strategy o
Demand Car
xpansion Eff
Economy
timation
Engineering
ong Kong
usiness, Singa
a car rental p
ey return the
mers will b
in length of r
rs, and henc
l, late pena
and Mar
Rental o
versity
ersity & Lanc
g
called B2C c
ownership.
lying factors
rban mobility
fect of car sh
y market ex
rovides impl
of on‐deman
Rental, Con
fect
I
n Accur
& Engineeri
apore Manag
problem with
e cars later t
e more pru
rental. We s
e that of the
lty cost, Erla
rket Exp
on Mob
caster Unive
car sharing,
We conduc
that influen
y modes. A r
haring on th
xpansion eff
ications on
nd car rental
nsumer Prefe
racy in C
ng Managem
gement Univ
h behavioral
than schedul
udent and h
tudy how th
e car rental fi
ang distribut
pansion
bility De
rsity
is promoted
cted a choic
ce the dema
andom para
e potential d
fect that m
consumer p
services.
erence, Mob
Car Rent
ment,
versity
l effects. Pen
led. While th
hence make
his effect wo
irm.
tion, behavi
Effects
mand
d as a new m
ce‐based con
and for on‐de
meters logit
demand for
ay increase
preferences
bility Modes
tal
nalty cost w
he penalty co
e more accu
uld influence
oural operat
s of
mobility mod
njoint analys
emand car re
t model unco
adopting pr
the self‐dr
toward mo
, Cannibaliza
ill be
ost is
urate
e the
tions
de to
sis in
ental
overs
ivate
riving
bility
ation
Su Qi W
The
Cent
insta
pric
effic
price
crea
cont
mos
afte
serv
This
dyna
econ
cust
take
betw
to p
the
The
alte
is fi
mar
We
betw
app
inve
distr
setu
the
Str
Row
Saif
In th
Hitc
who
We
mat
to ta
dyna
swit
pply‐Sid
Wu, Shumin M
Chinese Uni
tralized plat
antly, reduc
ing which in
ciency gain.
e hikes as ex
ates man‐ma
trast, in dece
stly the spat
r all, is the i
vice, it is a bu
s motivates
amic pricing
nomic choic
tomer satisfa
e the busine
ween prices
rovide incen
man‐made s
goal of this
rnative strat
inite and re
rketplace. W
will then u
ween supply
roach to qua
estigate how
ributed acro
up with deriv
Matthew eff
rategic S
wan Wang, Yi
Benjaafar: U
his paper, w
h. One uniq
o can be both
call these u
ched as well
ake a ride or
amics of su
tchers.
de Incen
Ma: The dep
iversity of Ho
forms match
ing the sear
ncreases far
But this inn
xploitation o
ade incentive
entralized ta
ial character
ntrinsic natu
usiness risk.
us to invest
g is price d
es. Those w
action, there
ess risk and
and demand
ntives. This m
suppressing o
s paper is t
tegies to surg
eusable, wh
e will begin
se it to find
y and deman
antify the ef
w incentives
ss populatio
ved stochasti
fect.
Switche
ini Gao: Sing
University of
we analyze th
ue feature o
h drivers (su
sers the stra
l as the fare
r to drive and
uch rideshar
ntives in
partment of S
ong Kong
h riders and
rching cost t
re prices in
ovation has
of people’s e
es for drivers
axi matching
ristics of dem
ure of transp
tigate altern
ifferentiatio
who discrimin
e is nothing
d worries a
d pressure an
mutes the ne
of demand.
o systemati
ge pricing. A
hich reflects
by deriving t
d out the en
nd, in absen
ffectiveness
accumulate
ns in long‐te
ic evolution.
er, the U
apore Mana
Minnesota
he dynamics
of these ride
upply side) an
ategic switch
and wage, th
d offer a sea
ing systems
n Centra
Systems Engi
drivers who
to almost ze
periods of
not been u
mergency. It
s to exploit ri
g, the incent
mand. Riders
portation. W
native incent
n. Price diff
nate are mo
wrong to di
bout marke
nd use suppl
egative price
cally study
An important
the disting
the spatial‐te
ndogenous f
nce of any in
of a given le
in agents a
erm. It is a dy
Understand
Unique F
gement Univ
s of rideshar
esharing syst
nd riders (de
hers. Depen
he strategic
at. Using equ
s. We show
alized R
ineering & E
o were othe
ero. “Surge
demand su
nreservedly
t is perceive
iders when t
ive variables
s understand
When unwillin
tive schemes
ferentiation
otivated to.
iscriminate.
et share, we
ly‐side subsid
signals that
the efficacy
t assumption
guishing fea
emporal dyn
forces that
ncentives. Fu
evel incentive
ccount thro
ynamic prob
ding it helps u
Feature
versity
ring systems
tems is the
emand side)
ding on th
swithcers m
uilibrium ana
the benefi
Ride Ma
ngineering M
rwise invisib
pricing”, a f
urge, is at t
welcomed.
d as a busin
they need a r
s that driver
d that spatia
ng consumer
s. Our start
is discrimin
If a firm va
However, if
e suggest b
dy as the alt
riders resen
of supply‐s
n we make is
ature of a
namics of sup
give rise to
urther, we w
e. More imp
ough time an
lem that com
us identify so
e of Ride
s such as Bla
existence of
when they h
he possibility
ake the deci
alysis, we cap
its of havin
tching
Management
ble to each o
form of dyn
the core of
Consumers
ess strategy
ride the mos
s respond to
al heterogen
rs vote No to
ing point is
nation refle
lues profits
the firm ca
reaking the
ernative cha
nt, thus remo
side subsidie
s that the su
property‐sha
pply and dem
the imbala
will take a g
portantly, we
nd how they
mbines the g
ources to co
esharing
aBlaCar and
f a pool of u
have a trip n
y and time t
dion on whe
pture the sys
g such strat
t,
other
amic
this
take
that
st. By
o are
neity,
o the
that
cting
over
nnot
link
annel
oving
es as
upply
aring
mand.
ances
game
e will
y are
game
ntrol
g
DiDi
users
need.
to be
ether
stme
tegic
Ses
Op
Co
Kai P
Hon
Yong
Univ
We
prod
rene
justi
com
corr
Pla
Tra
Wei
McG
Hon
This
coup
of h
driv
com
prog
tran
Num
met
ssion 1I – S
ptimal B
onsiderin
Pan
ng Kong Polyt
gpei Guan
versity of Flo
present an
ducers to p
ewable gene
ified of its
mputational
responding d
anning P
ansport
Qi
Gill Universit
ngcai Zhang, Z
s work studie
pled transpo
highway PEV
ing ranges a
mputational e
gramming (S
nsportation n
merical expe
thod.
Sustainab
Bidding
ng Both
technic Univ
orida
optimal bi
articipate in
eration and
significant
efficiency, p
deterministic
PEV Fas
tation a
y
Zechun Hu, Y
es siting and
ortation and
V charging s
nd charging
efficiency. W
SOCP) model
network cons
eriments are
ble Operat
Strateg
h Renew
versity
dding strate
n both day‐
d price unce
advantages
polyhedral s
c equivalent f
st‐Charg
nd Pow
Yonghua Son
d sizing of pl
power netw
stations' ser
demands. W
We then pro
for PEV fast
straints and
e conducted
tions I
y for M
wable Ge
egy which is
ahead and
ertainties. T
over exist
structures h
formulation.
ging Stat
wer Netw
ng, Scott Mo
ug‐in electri
works. We de
rvice abilitie
We explore s
pose a stoc
t‐charging st
the power n
d to illustra
arket P
eneratio
s adaptive f
real‐time m
This propose
ing alternat
have been e
.
tions on
works
ura
c vehicle (PE
evelop a clo
s, which co
schemes to e
hastic mixed
tation planni
network con
ate the effe
articipa
on and
for the inde
markets by c
ed strategy
tive ones. T
explored to
n Couple
EV) fast‐char
sed‐form se
onsiders het
enhance mo
d‐integer sec
ing. The mod
straints with
ectiveness o
ants
Price
ependent po
considering
is theoreti
To improve
strengthen
ed
rging station
rvice rate m
erogeneous
del accuracy
cond order
del considers
h AC power f
of the prop
ower
both
ically
the
the
ns on
model
PEV
y and
cone
s the
flow.
osed
Th
Shan
Shan
Shan
Ener
whe
inve
anal
on
relat
polic
Op
Ve
Men
Scho
New
man
mot
eche
obta
The
show
use
Keyw
capa
he Value
nshan Guo
nghai Univer
nshan Hu, Gi
rgy storage
en the electr
estment and
lysis is that b
how deeply
tionships be
cies when th
ptimal P
ehicle Ba
ngping Zhu, Z
ool of Manag
w energy veh
nufacturer th
torcycles wit
elon use. Th
ained. Comp
return rate
w the effect
on system p
words: elect
acity
e of Ene
rsity of Finan
ilvan C. Souz
can be used
ricity is need
operation
battery capa
y the batte
etween batte
he battery is
Producti
attery w
Zhixue Liu
gement, Hua
hicles are bec
hat produces
th limited ca
he optimal
pared with t
is higher an
of key param
performance.
tric vehicle,
rgy Stor
nce and Econ
za
d to shift ele
ded. We pro
decisions fo
acity deterio
ery is discha
ery capacity
used in ener
ion and
with Lim
azhong Unive
coming popu
s two kinds o
apacity. EV b
strategies o
he case with
nd the manu
meters, such
.
production
rage in
nomics
ctricity from
ovide an ana
or energy sh
orates with u
arged. We
and its usef
rgy shifting.
Recycli
mited Ca
ersity of Scie
ular for susta
of batteries u
batteries can
of capacity a
hout echelo
ufacturer ga
h as the prod
n strategy, b
Energy
m the time it
alytical fram
hifting. The
usage and its
develop a
ful life, and
ing Stra
apacity
ence and Tec
ainable deve
used for elec
n be recycled
allocation an
n use, more
ains more pr
duction cost a
battery recy
Shifting
is generate
mework for a
main challe
s deteriorati
model to c
study the o
tegy of
hnology
elopment. Co
tric vehicles
d for electric
nd recycling
e capacity is
rofit. Numer
and the effic
ycling, eche
g
d to a later
assessing bat
nge for suc
on rate dep
characterize
ptimal opera
Electric
onsider a bat
(EV) and ele
c motorcycle
investment
allocated to
rical experim
ciency of ech
lon use, lim
time
ttery
h an
ends
the
ating
c
ttery
ectric
es by
t are
o EV.
ments
helon
mited
Ses
Cu
A R
Qing
Dep
Jen‐
Dep
Sean
Dep
The
We
and
to fi
cust
cust
of th
and
show
An
Dy
Hua
Anta
Dan
Leed
We
prob
sem
gene
mod
(SOC
peri
mag
ssion 1J –
ustomize
Robust
gwei Jin
partment of D
‐Yen Lin
partment of A
n Zhou
partment of D
Chinese Uni
study a reve
marketing e
ind the mar
tomized ass
tomer prefer
he preferenc
category‐le
w the good p
n Appro
ynamic P
n Zheng, Jian
ai College of
Zhang
ds School of
propose an
blem for ne
mi‐infinite lin
eration algo
del, we show
CP). The size
ods. Numer
gnitude faste
Revenue
ed Prod
Approa
Data Science
Applied Math
Decision Scie
iversity of Ho
enue manage
effort under
keting effort
ortment. W
rence vector
ce set. We e
vel promoti
performance
ximate
Pricing f
nnan Ke
Economics a
Business, Un
n approxima
etwork reven
ear program
orithm. For t
w that the AL
e of the SOCP
rical experim
er and the en
Managem
duct Ass
ach
e and Enginee
hematics, Na
ences and Ma
ong Kong
ement mode
the multino
t that maxim
With given m
r(s) that lead
examine two
on. We dev
e of the robu
Dynam
for Netw
and Manage
niversity of C
ate dynamic
nue manage
ms and can
the affine a
LP can be ref
P formulatio
ments show
nsuing pricing
ment
ortmen
ering Manag
ational Chiay
anagerial Eco
el where the
mial logit ch
mizes the wo
marketing ef
d to the wors
types of ma
elop efficien
st approach
ic Progr
work Re
ment, Shang
Colorado at B
c programm
ement. The
be solved t
pproximatio
formulated a
n is linear in
w that solvin
g policies pe
nt and M
gement, Zhej
yi University
onomics,
retailer dec
oice model.
orst‐case rev
ffort, we an
st‐case reven
arketing effo
nt algorithm
.
rammin
evenue
ghai Jiao Ton
Boulder
ming approa
approximat
to any desir
on under a
as a compact
n the numbe
ng the SOC
erform well.
Marketin
jiang Univers
cides the pro
We apply a
venue for th
nalyze how
nue under va
ort: product‐
ms to solve t
ng Appro
Manag
ng University
ach to the
te linear pro
red accuracy
linear indep
t second ord
r of resource
CP formulati
ng Effor
sity
oduct assortm
robust appr
he retailer u
to identify
arious struct
‐level promo
the problem
oach to
ement
dynamic pr
ogram (ALP)
y with a col
pendent dem
er cone prog
es, products,
on is order
rt:
ment
oach
nder
y the
tures
otion,
and
ricing
) are
lumn
mand
gram
, and
rs of
Co
To
Qua
Dep
Xitin
Dep
Dec
Fran
Dep
We
with
purc
hori
part
char
whic
valu
Pre
in
Tong
Anta
Xitin
Dep
Dec
In th
opti
of p
prio
prop
the
prob
rem
capa
oordinat
otal Min
an Yuan
partment of M
ng Gong
partment of
ision Science
nk (Youhua) C
partment of M
study the jo
h total minim
chase a min
zon. It max
tially charact
racterize the
ch numerica
ue of dynami
eservat
Stochas
g Wang
ai College of
ng Gong
partment of
ision Science
his paper, w
mal transfor
problems, th
rities to tra
perty preser
applications
blems in
anufacturing
acity manage
ting Inve
imum C
Managemen
Systems En
es and Mana
Chen
Managemen
oint inventor
mum commit
nimum quan
imizes inven
terize the op
e optimal po
l tests show
c pricing.
ion of A
stic Opt
Economics a
Systems En
es and Mana
e establish t
rmation prob
here are m
nsform/disp
rves under t
s of our pr
operations
g, dynamic i
ement with g
entory a
Commit
t Science & E
ngineering a
gerial Econo
t Sciences, C
ry and pricin
tment (TMC
ntity of a pr
ntory and p
ptimal policy
olicy for addi
to perform
Additive
timizatio
and Manage
ngineering a
gerial Econo
two new pre
blems and a
multiple reso
ose these re
he optimal t
eservation r
managem
nventory ra
general upgr
and Pric
ment Co
Engineering,
and Enginee
omics, The Ch
City Universit
g control for
) contract. U
roduct from
ricing decisi
y for additive
itive demand
very well. Fi
e Convex
on Prob
ment, Shang
and Enginee
omics, The Ch
eservation re
class of opt
ources and
esources; an
transformati
results to t
ment: stoch
tioning with
rading.
cing Stra
ontract
Wuhan Univ
ering Manag
hinese Unive
ty of Hong Ko
r a finite‐hor
Under this sy
m the supplie
ons simulta
e multiplicat
d. We furthe
inally, we us
xity and
blems
ghai Jiao Ton
ering Manag
hinese Unive
esults of add
timal disposa
the optima
nd we prove
ion/disposal
hree import
hastic inve
h multiple de
ategies
s
versity
gement and
ersity of Hon
ong
rizon period
ystem, the b
er over the
neously in e
ive demand
er propose h
se our results
d Its App
ng University
gement and
ersity of Hon
ditive convex
al problems.
l policies p
e that the ad
decisions. W
tant stochas
entory man
emand class
under
Departmen
g Kong
ic‐review sys
buyer commi
entire plan
each period.
model. We
heuristic poli
s to examine
plicatio
Departmen
g Kong
xity for a cla
For both cla
provide diffe
dditive‐conv
We demonst
stic optimiza
nagement
es, and dyn
nt of
stem
its to
nning
. We
then
icies,
e the
ns
nt of
ss of
asses
erent
exity
trate
ation
with
amic
Ses
Co
in
Ev
Binb
Scho
Con
stan
chai
whe
man
emis
of t
simu
perf
Keyw
envi
On
Ma
Jaso
Mar
Ther
man
soci
mod
from
mod
Keyw
ssion 2A –
oopetitio
Industr
olution
bin Cao, Zhon
ool of Manag
sidering env
ndard, waste
in model inc
ere the dow
nufacturers.
ssion level h
the manufa
ultaneous im
formance is b
words: sup
ironmental r
nline Re
anagem
on Dou
rbella Techno
re is emer
nagement un
al media sit
del in Optim
m casino set
del validation
words: Onlin
– Behavior
on Beha
rial Sym
ary Gam
ngdong Xiao
gement, Xi’a
vironmental
e emission ta
luding multi
nstream ma
Bounded ra
has been inv
acturers’ de
mplementat
beneficial to
pply chain
regulations, e
eview’s
ment
ology
ging trend
nder “social
es’ impact o
mization, Arti
ting. We wi
n.
ne Review, M
ral OM I
aviors a
biosis C
me
n Jiaotong U
regulations
ax and subsi
‐upstream m
nufacturers
ationality of
vestigated. T
cision proce
ion of was
form stable
managem
environment
Impact
in the Op
world settin
on revenue m
ficial Intellig
ll use real d
Multi‐arm Ban
nd Envi
Chain: A
University
s imposed b
dy for waste
manufacture
recycle mul
the manufa
he impacts o
esses have
ste emission
solutions of
ent, indus
tal performa
on Casi
perations Re
ng”. In this
managemen
gence, Proba
data from ca
ndit, Revenu
ironmen
A Perspe
by the gove
e usage, we
rs and multi
lti‐wastes ge
acturers’ dec
of regulation
been also
n tax and
f the manufa
trial symb
ance
no Reve
esearch Com
project, we
t. Multi‐Arm
ability Theor
asinos in Ma
ue Managem
ntal Reg
ective of
ernment in
built an ind
‐downstream
enerated fro
cisions on pr
ns on evolut
explored.
subsidy for
acturers’ evo
iosis, evolu
enue
mmunity st
explore onl
m Bandit pro
ry. Interestin
acau for emp
ent, Text Mi
gulation
f
waste emis
ustrial symb
m manufactu
om the upstr
ricing and w
tionary dyna
We found
r environme
olutionary ga
utionary ga
tudying reve
line review f
oblem is a cl
ngly, it is der
pirical study
ining
ns
ssion
biosis
urers
ream
waste
amics
that
ental
me.
ame,
enue
from
assic
rived
y and
Su
in
Mu Wei
Colle
In o
mec
expl
mod
reta
and
that
in s
bidd
decr
to a
to a
aver
such
ineq
Keyw
supp
All
Co
Yun
Xian
Whe
prob
sale
winn
and
imp
inco
com
(wo
Keyw
com
pplier’s
a Suppl
ultifacto
hua Liu, Mei
ege of Mana
order to de
chanisms in
lore and veri
dels in a sup
iler without
sequential b
t the inequit
equential b
ding process
rease when t
n inferior po
an advanta
rsions tend t
h as gender
quity aversio
words: orde
ply chain ma
leviating
ompetiti
Shi: Shangh
ngyu Cui: Sha
en the decis
blems, they
sperson wit
ner‐takes‐all
allow the c
roves the gr
onsistency de
mpetition mo
rsens) the tim
words: time
mpetition
s Fairne
ly Chain
or Influe
ili Wang, Run
agement and
termine wh
the order a
ify the theor
ply chain th
t such conce
bidding. Afte
y aversion le
idding is sig
s, both disa
the status qu
osition. Whe
geous posit
to increase.
differences
n level in ou
r allocation,
anagement
g Time
ion Sche
ai University
anghai Unive
sion makers
encounter t
h quasi‐hype
competition
company to
roup welfare
egree is mix
otivates (ov
me inconsist
inconsisten
ss Conc
n: An Ex
ence
nze Wu
d Economics,
hether the s
llocation of
retical findin
at is compri
erns. The pa
er a series o
evel changes
gnificantly d
advantageou
uo of the sup
n a supplier
tion, both
Except for
s, risk conce
r experimen
inequity av
Inconsis
eme
y
ersity of Fina
s with quasi
ime inconsis
erbolic disco
n to alleviate
maximize i
e and the co
xed. When t
ver‐motivate
tent behavio
ncy, quasi‐hy
ern Reg
perime
Tianjin Univ
supplier’s fa
the supply
gs. Firstly, th
sed of two s
aper conside
of behavioral
s. Indeed, th
ifferent from
us and adv
pplier chang
moves from
the disadva
the factors
erns, and em
t.
version, bidd
stent Be
nce and Eco
i‐hyperbolic
stency issue.
ounting func
e the time in
ts revenue.
mpany reve
the optimal
s) the sales
rs.
yperbolic dis
garding
ntal Exa
versity
airness conc
chain, this p
his paper pre
suppliers wit
ers two scen
l experiment
he inequity a
m that in si
vantageous
es from a sa
m a position o
antageous a
of bidding s
motional div
ding mechan
ehavior
nomics
discounting
. The produc
tion is a typ
nconsistent b
We show t
nue. Howev
bonus is m
sperson to
scounting, p
Order A
aminatio
cerns change
paper uses
esents order
th fairness co
narios: simul
ts are condu
aversion leve
imultaneous
inequity av
me competit
of the same
and advanta
sequence, su
ersity, do n
nism, behavi
rs via a
g consider d
ct sale probl
pical example
behaviors of
that the com
ver, the effec
oderate (ext
work hard,
resent bias,
Allocatio
on of
e with diffe
multi‐metho
r allocation g
oncerns and
ltaneous bid
ucted, it is fo
el of the sup
s bidding. In
ersions tend
tiveness pos
competitive
ageous ineq
ubjective fac
ot influence
oral experim
dynamic dec
em faced by
e. We propo
the salesper
mpetition alw
ct on group
treme high),
, thus allev
winner‐take
on
erent
od to
game
d one
dding
ound
pplier
n the
d to
sition
eness
quity
ctors,
e the
ment,
cision
y the
ose a
rsons,
ways
time
, the
iates
es‐all
Ses
Tw
Ch
Xin W
Dep
A tw
reso
strat
affe
chan
of p
sale
resp
pric
be d
adju
alon
chan
sens
strat
sens
Key
reso
Im
Inv
Pro
Jing
Dep
A ke
thro
rival
on t
that
surp
diffe
Keyw
ssion 2B –
wo‐Stage
hain Bas
Wang
partment of M
wo‐stage pric
olution is pr
tegic analysi
cted by par
nnel based o
ricing strate
s, service e
pectively con
ing strategie
drawn by co
ust the cost
ne or togethe
nnel who ad
sitivity coeff
tegy, the op
sitivity coeffi
words: hyb
olution, sequ
mpact of
vestmen
oducts
Xia, Houcai
partment of M
ey approach
ough process
ls. This pape
the optimal
t each firm's
plus are affe
erentiation.
words: supp
– Innovativ
e Pricing
sed on G
Managemen
cing model o
oposed to o
is level. We
rameters de
on graph mo
gies with the
efforts and
nstruct seque
es, and obta
omparing th
of bundling
er. Besides,
dopts the b
ficient of bu
ptimal price o
icient of serv
brid channe
ential pricin
f Asymm
nts of a
Shen
Managemen
for firms to
s investment
er develops a
process inve
optimal pric
ected by a n
ly chain man
ve Operat
g Mode
Graph M
t Science an
of hybrid cha
offset the sh
also analyze
esigning. Firs
del for confl
e method of
advertising
ential pricing
in the optim
he optimal s
g, service ef
while retaile
bundling stra
undling strat
of the chann
vice strategy
el, supply c
g‐game mod
metric Sp
Duopo
t Science an
gain a cost c
t, which, ho
a game mod
estments of
cing decision
umber of fa
nagement, pr
tions I
el of Hyb
Model fo
d Engineerin
annel supply
hortcomings
e how the op
stly, we con
ict resolutio
f stability ana
on the dem
g‐game mod
mal solutions
solutions of
fforts or adv
er adopts bu
ategy is pro
tegy. While
nel is propor
, and the rat
hain, two‐st
del
pillover
ly with
d Engineerin
competitive
wever, may
el to investig
a duopoly w
n, profit and
actors such
rocess invest
brid Cha
or Confl
ng, Nanjing U
chain based
of classical
ptimal schem
nstruct a pr
n, and obtai
alysis. Consid
mand functi
dels under th
s of each sch
these mode
vertising to
undling strate
oportional to
retailer off
rtional to th
tio in all thre
tage pricing
rs on the
Heterog
ng, Nanjing U
advantage i
exist spillov
gate the imp
with heterog
d investment
as the degre
tment, spillo
annel Su
ict Reso
University
d on graph m
pricing‐gam
me of pricing
rice graph m
n three equ
dering the im
on and pro
hree equilib
heme. Some
els: Marketi
change the
egy, the opt
o the cost
fline channe
e cost of se
e schemes a
g, graph mo
e Proce
geneou
University
s to reduce
vers and hen
pact of asym
geneous pro
t policy, as w
ee of spillov
overs, consum
upply
olution
model for con
me model at
g strategies b
model of hy
ilibrium sche
mpact of bun
ofit function,
rium scheme
conclusions
ng channels
optimal sch
imal price o
of bundling
el adopts se
rvice efforts
are the same
odel for con
ss
s
production c
nce benefit
mmetric spillo
oducts. We s
well as consu
vers and pro
mer surplus
nflict
t the
being
ybrid
emes
ndled
, we
es of
s can
s can
heme
f the
and
rvice
s and
.
nflict
costs
their
overs
show
umer
oduct
An
Min
Xiao
Wei
Yi Ya
The
Onli
bric
stud
inte
betw
uses
limit
choo
imp
into
reta
sett
This
omn
varie
(or a
bene
omn
We
One
BOP
Inf
Ov
Lijun
Dep
Wei
In th
agen
conf
judg
over
char
Then
imp
chai
n Invent
g Hu: Rotma
olin Xu: Scho
li Xue: Schoo
ang: School o
future of r
ne retailers
k‐and‐morta
dy the optim
nded to sho
ween the on
s a dedicate
ted local inv
ose BOPS. W
act on retail
account cu
iler that ha
ing up limite
s is because
ni‐customers
ety) of local‐
a traditional
efits the om
ni‐customers
show that b
e remedy for
PS and BOFS.
fluenza
verconfi
n Ma, Meiya
partment of M
li Xue: Schoo
his paper, we
nts. The ove
fidence in hi
gements, es
r‐confidence
racterize the
n, we charac
acts of cons
in.
tory Per
an School of
ol of Busines
ol of Econom
of Managem
etailing seem
s such as
ar retailers s
al design of o
op only off
nline and off
ed distributio
ventory to s
We show tha
lers of differ
ustomers' ra
s a low den
ed local stor
, BOPS allo
s who would
‐store produ
offline reta
mni‐custome
s who would
buy‐online, s
r such retaile
Supply
ident Ag
n Lin
Managemen
ol of Econom
e study the i
erconfidence
is or her jud
pecially whe
e, and mana
e threshold
cterize the o
sumer overco
rspectiv
Managemen
ss, Nanjing U
mics and Man
ment, Zhejian
ms to be om
Amazon mo
uch as Walm
ominchanne
line (i.e., st
fline channe
on center to
serve both t
at buy‐online
rent natures
ational belie
nsity of loca
es) benefits
ws local inv
d otherwise
cts. Howeve
ailer), BOPS h
ers. This is b
d otherwise s
ship‐from‐sto
ers is to imp
Chain M
gents
t Science, Co
mics and Man
influenza sup
e effect is a
gements is r
en confiden
ger overcon
value for a
optimal prod
onfidence an
e for Om
nt, University
University
nagement, So
g University
mnichannel
ove offline
mart and Ta
el of a retaile
tore‐only cu
el (i.e., omni
o fulfill onlin
the store‐on
e, pick‐up‐in
. The retaile
f of about
al stores (or
both segme
ventory to s
e shop onlin
er, for a retai
hurts the sto
because, BO
still shop off
ore (BOFS) h
plement buy
Manage
ollege of Man
nagement, So
pply chain m
well‐establis
reliably grea
ce is relativ
nfidence affe
overconfide
uction policy
nd manager
mnichan
y of Toronto
outheast Un
as the mix
by setting
rget have lo
er facing two
stomers) an
‐customers)
ne orders. W
nly customer
n‐store (BOP
er makes loc
the offline
a traditiona
ents of custo
serve a poo
ne, leading t
iler that has
ore‐only cus
PS uses cos
line but now
has similar im
y‐online, ship
ement w
nagement, S
outheast Un
management
shed bias in
ter than the
vely high. W
ect the influ
ent consume
y for the ma
overconfide
nnel De
iversity
of online vs
up local
ong set up o
segments o
nd the othe
. Without BO
With BOPS, t
rs and omni
S) has a dra
al‐inventory
inventory av
al online ret
omers as we
ol of offline
to a higher
a high densi
stomers and
stly local inv
w pay at a low
mpacts on re
p‐to‐store (B
with
Shenzhen Un
iversity
problem wit
which a pe
e objective a
We focus on
enza supply
er to search
nufacturer. W
ence on the
esign
s. offline se
stores, whe
nline stores
f customers:
er contempla
OPS, the ret
the retailer
i‐customers
astically diffe
decisions ta
vailability. F
tailer), BOPS
ll as the reta
customers
availability
ity of local st
the retailer
ventory to s
wer online p
etailers as B
BOSS), instea
niversity
th overconfi
rson's subje
ccuracy of t
n how consu
y chain. First
for the vac
We compare
influenza su
lling.
ereas
. We
: one
ating
tailer
uses
who
erent
aking
For a
S (or
ailer.
with
(and
tores
, but
serve
price.
BOPS.
ad of
dent
ctive
hose
umer
t, we
cine.
e the
upply
Ses
Op
Yu X
Dep
Scho
Fran
Dep
Yuga
Scho
Bun
cons
firm
excl
affe
rese
decr
Keyw
Se
Chie
Nan
How
Colle
Mos
hom
exam
low‐
Stat
conv
imp
Keyw
ssion 2C –
ptimal B
Xue
partment of M
ool of Manag
nk Chen,
partment of M
ang Yu
ool of Manag
dle is often
sumers may
m’s profit. W
usive produ
cts profit a
elling is forb
rease rather
words: Bund
rvice De
en‐Ming Che
yang Busine
ward Hao‐Ch
ege of Comm
st retail stud
mogeneous s
mines the
‐conversion
es, we sho
version rate
lications for
words: Retai
OM‐Mar
Bundling
Managemen
gement, Univ
Managemen
gement, Univ
n used as a
y unbundle a
We explore w
ct when res
nd market
idden, but i
than increas
dling, Resellin
epende
n
ss School, N
un Chuang
merce, Natio
dies in the O
service requ
effect of
retail enviro
ow that ser
e and cust
staff schedu
il, empirical s
keting Int
g Strate
t Sciences, C
versity of Sc
t Sciences, C
versity of Sc
a competitio
and resell on
which bund
selling is for
share. Our
it depends w
se market sh
ng, Competit
ncy and
anyang Tech
nal Chengch
OM literatur
uirements. T
shoppers’ s
onment. Usin
rvice depend
tomers’ ave
uling and ma
studies, serv
terface II
egy Cons
City Universit
ience and Te
City Universit
ience and Te
on tool in
ne of the co
ling strategy
rbidden or a
findings sug
when reselli
hare when re
tive Market
d Labor
hnological Un
hi University
re assume t
This study a
service dep
ng panel data
dency mode
erage spend
nagement.
vice depende
sidering
ty of HongKo
echnology of
ty of HongKo
echnology of
a competiti
omponents,
y is optima
allowed. We
ggest mixed
ng is allowe
eselling is allo
Product
niversity
hat custome
ims to bridg
pendency o
a from a ma
erates labor
ding. Our f
ency
g Resale
ong;
f China
ong
f China
ive market.
and this wi
l for comm
e also explo
d bundling i
ed. We also
owed.
tivity in
ers patronizi
ge this gap
n labor pr
ajor retail cha
r productivi
findings pro
e
But somet
ll surely affe
on product
re how rese
is optimal w
find bundle
n Retaili
ing a store
and empiri
roductivity
ain in the Un
ty measure
ovide impor
imes
ect a
and
elling
when
e will
ng
have
ically
in a
nited
ed in
rtant
Pri
Su
Juho
Scho
With
new
utilit
prod
pric
mod
the
cont
adve
Keyw
Coo
Fe
Zeku
Was
We
enga
selle
opti
Keyw
icing an
pply Ch
ong Gao, Me
ool of Econo
h the consid
w and reman
ty theory, A
duct demand
ing strategy
des and cent
impacts of
tract was p
ertisement.
words: Clo
rdination
ature‐B
un Liu, Fuqia
shington Uni
study the i
age in Cour
ers and may
mal sharing
words: infor
nd Coord
hain Con
engmeng Li, Z
mics and Ma
deration of o
nufactured p
And further c
d, demand f
and advertis
tralized dec
advertising
proposed to
sed‐loop S
Based In
ang Zhang, D
versity in St.
nformation
rnot compet
y choose to
strategy for
mation shari
dination
nsiderin
Zhen Huo
anagement, T
ordinary and
products, the
considering
functions un
sing strategy
ision‐making
effect on C
o coordinati
Supply Cha
nformat
ennis Zhang
. Louis
sharing stra
titions. The
o share the
the platform
ing, feature‐
n Decisi
ng Joint
Tianjin Unive
d green con
e market wa
the impac
nder differen
y in decentra
g under each
CLSC were a
ing of the
in, Consum
ion Sha
ategy for a
platform po
information
m.
based marke
on in Cl
Adverti
ersity
sumers’ diff
as segmente
t of coopera
nt scenarios
alized decisio
h market sc
analyzed, an
CLSC with
mer prefere
ring on
platform on
ossesses sup
n with the s
et, retail plat
losed‐lo
ising
ferent willing
ed into two
ative advert
were obtain
on under dif
enario were
nd improved
the effect
ence, Pricin
Retail P
n which inde
perior inform
sellers. We
tforms
oop
gness to pay
scenarios by
isement on
ned. The opt
fferent domi
e compared,
d two part t
of coopera
ng, Adverti
Platform
ependent se
mation than
characterize
y for
y the
new
timal
inant
and
tariff
ative
ising,
ms
ellers
n the
e the
Ch
Se
Hub
Ivey
Jenn
Dalh
We
and/
chan
the
firm
be w
can
Keyw
Ses
Th
int
Ca
Leon
MIT
We
supp
stat
its o
expl
Keyw
hannel S
rvice Fr
bert Pun
y Business Sc
ny Chen
housie Unive
examine the
/or indirectl
nnel provide
product from
m on which th
worse off wh
freeride.
words: chan
ssion 2D –
he Opera
to Consu
se of a
nardo Laranj
‐Zaragoza In
analyze and
ply chain of
istical analys
operational p
loitation trad
words: Supp
Strategy
ree Ride
hool, Weste
ersity
e case of a m
y through a
es a high serv
m another s
he customers
hen custome
nel conflict,
– Empirica
ational
umer Pa
Spanish
jeira Gomes,
ternational
d measure
f a consume
sis of a Span
performance
de‐offs.
ly Chain, Op
y for Ma
ers
rn University
manufacturer
a retailer, an
vice level, so
tore (freerid
s freeride) ca
ers can free
freeriding, m
al Researc
Impact
ackaged
h Manuf
, Rafael Díaz
Logistics Pro
the operatio
er packaged
nish poultry p
e and should
erations, Str
anufactu
y
r that must d
nd both firm
ome custome
ding). We fin
an be better
ride. Total d
marketing‐op
h II
of New
d Goods
facturer
ogram
onal impact
d goods ma
products com
d be conside
rategy, Innov
urers in
decide wheth
ms decide on
ers may first
nd that the c
r off, while th
demand can
perations inte
w Produc
s Supply
r
of introduc
anufacturer.
mpany, we id
ered when a
vation
the Pre
her to sell its
n the service
visit this sto
cost bearer o
he benefiter
be smaller
erface
ct Introd
y Chains
cing new pr
By conduct
dentified fac
analyzing ex
esence o
s product dir
e effort. Wh
ore, and then
of freeriding
of freeriding
when custom
duction
s: the
roducts into
ting an in‐d
ctors that im
xploration ve
of
ectly
en a
n buy
(the
g can
mers
ns
o the
epth
mpact
ersus
Do
of
Pa
Mar
Dep
Chri
Airli
Con
an a
mea
of c
on
incre
Con
layo
com
fligh
sust
capa
Keyw
ope
Ke
Pro
Ex
Tao
Dep
Chu
This
agric
tech
add
agric
and
indu
envi
Keyw
oes Soci
How La
ssenger
rkus VEJVAR,
partment of L
s K. Y. LO: In
ne operatio
sequently, d
airline’s sust
ans for cost c
apacity redu
financial ou
eased fatigu
sidering the
offs underm
mplaints. We
hts in the US
tainability d
acity manage
words: Airl
rations mana
ey Succe
oducts:
perienc
Ming Yang,
partment of I
ng Yuan Chr
s study discu
cultural rese
hnology, com
ition, we al
cultural dep
food safety
ustry to iden
ironment‐fri
words: agric
al Susta
ayoffs In
r Airline
, Kee‐hung LA
Logistics and
nstitute of Te
ons are cha
decisions to
ainable succ
control to im
uctions on o
utcomes. Pa
e of employe
e service‐orie
ine airlines’
empirically t
S domestic m
iscussion in
ement and h
ine, event
agement
ess Facto
A Refer
ce
Hui Ming We
ndustrial Eng
istian Univer
usses value a
earch instit
mmercializati
so discuss t
artment in o
y. The succ
tify her agric
endly agricu
ultural produ
ainabilit
nfluence
e Indust
AI
Maritime St
extile and Clo
racterized b
adjust capac
cess. While d
mprove finan
perational p
articularly la
ees, and con
ented natur
on‐time pe
test our hypo
market collec
the aviatio
hiring strateg
study, on‐
ors in V
rence to
ee
gineering an
rsity
adding to ag
utions in Ta
ion of agricu
the recent
order to stud
cessful Germ
cultural deve
ltural indust
ucts, value a
ty Matte
e on‐Tim
try
tudies, The H
othing, The H
by volatile
city, catering
decisions to
ncial perform
performance,
ayoffs may
nsequently in
e of the pa
erformance
otheses base
cted over 77
on literature
gies in service
‐time perfo
Value Ad
o Germa
nd Systems E
gricultural pr
aiwan and
ultural techn
government
dy the susta
man experie
elopment nic
ry.
dd, business
er? Emp
me Perfo
Hong Kong Po
Hong Kong Po
demand an
g to market
reduce capa
mance, there
, which coul
lead to un
ncrease hum
ssenger airl
and lead t
ed on a data
7 months. O
e and prov
e‐based indu
ormance, so
dding fo
any and
ngineering,
roducts thro
Germany. W
nology and p
t organizatio
inability of G
ence may he
che, and to c
s model, sust
pirical A
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versity of Cal
his study, w
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ombatin
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gapore Mana
‐Haeng Cho,
negie Mellon
g Xu
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words: Gam
in Managem
Topics in
r Last M
sity of Singap
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lifornia, Berk
e propose a
s. Using histo
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approximat
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s are not cali
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e in Glo
agement Uni
Sridhar R. T
n University
ersity of Tech
on children a
pply base of
s to control t
inspection s
cost of inspe
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olerance poli
me Theory, G
ment
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data‐driven
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model. We
tion model a
ficiency. Usi
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brated.
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o calibrate d
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onsibility, Su
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mmunication
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lyze a messa
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ctly affects c
words: com
nt‐based mo
oopetitio
atforms
yu (Philip) Zh
w York Unive
xime Cohen
U Stern
recent int
nged the wa
age in a prof
mpetition bet
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ry single part
ffective
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oosang Chan
ial & Manage
mportance of
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success pro
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bat simulat
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hang
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roduction o
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tween the p
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ty (riders, dr
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ects the com
xity’s effect o
and we ap
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hai
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ontract by in
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rivers and bo
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GVs
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neering, Han
in military a
critical condi
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mmunication
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ply the wire
s a result, w
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nd ride‐hail
consider a se
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using the M
alyze the imp
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based o
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rea increase
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effectiveness
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we found th
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ty, commun
for Ride
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new hybrid
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pact of intro
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es very fast a
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robability. In
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hat the mes
ty increases.
nication suc
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service. We
Logit model,
oducing the n
ofit sharing c
sage
as rapid adop
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software is
to derive ac
ssage compl
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ng
platforms to
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e model the p
and show th
new joint se
contract ben
ption
on is
ssage
r, we
used
ctual
exity
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otally
orms
price
hat a
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We
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utcome
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nghai Jiaoton
n Zhu
versity of Sou
study quan
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er and two
cedes the ne
information
l quotations
minates the m
ssion 2F –
alue of B
erspectiv
Xu, Pin Zhou,
ool of Manag
product syne
tes. We exa
wnstream pro
h wastes from
derive each
ount), and t
efits manufa
cost‐saving
h manufactu
ifferent mar
duction proc
uencing
n Zheng
ng University
uthern Califo
tity‐depende
e suppliers a
suppliers bo
egotiation. W
setting whe
s of the RFQ
most favorab
Best Stud
By‐prod
ve
, Hongwei W
gement, Hua
ergy (BPS) is
amine a sup
ocessing pla
m manufact
h manufactu
he plant’s c
acturers, but
effect). A co
urer’s profit,
rket parame
cess) and ext
, and th
y
ornia
ent pricing c
are imperfect
oth with and
We show that
en the negot
Q process. Sp
ble equilibriu
dent Pape
uct Syn
Wang
azhong Unive
an innovatio
ply chain co
nt with limit
urers and se
urer’s equili
capacity inve
t the extent d
ounterintuit
arises due t
ters (investm
end our basi
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contracts w
t substitutes
d without a
t the buyer c
tiation seque
pecifically, t
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ergy: A
ersity of Scie
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omposed of
ted BPS cap
ell the by‐pro
brium decis
estment pla
depends on
ive result th
to these two
ment cost, in
ic model in t
t Favora
ith exclusion
s. We analyze
request for
can leverage
ence is endo
he buyer's e
rgaining with
tition Fina
Supply
ence and Tec
to dispose w
two compet
pacity. The p
oduct in a m
ions (produ
n (ex ante).
two opposit
hat higher in
o effects. Fin
ntensity of c
wo direction
able Bar
n clauses in
e the negotia
r quotation
e the RFQ sta
ogenously de
equilibrium
hout RFQ.
alists II
y Chain
hnology
wastes and c
ting manufa
plant generat
market with
ction quant
. We show
te effects (co
nvestment co
nally, we disc
ompetition
ns.
rgaining
a dual‐sou
ations betwe
(RFQ) stage
age even und
etermined by
payoff with
reate value f
acturers and
tes a by‐pro
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ompetition e
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Should On‐Demand Ride Services Be Regulated? An
Analytical Evaluation of Chinese Government Policies
Jiayi Joey Yu
Department of Industrial Engineering, Tsinghua University
Christopher S. Tang
UCLA Anderson School, University of California
Zuo‐Jun Max Shen
Department of Industrial Engineering and Operations Research and Department of Civil
and Environmental Engineering, University of California, Berkeley
Xiqun (Michael) Chen
College of Civil Engineering and Architecture, Zhejiang University
On‐demand ride services (e.g., Uber) receive praises from consumers and investors.
However,
governments in the United States and Europe are challenging these innovative services by
raising legal concerns over labor laws, unfair pricing, and consumer safety. At the same time,
the Chinese government is facing a dilemma. On one hand, the Chinese government wants
to
support these innovative startups as examples of its “mass entrepreneurship and
innovation”
initiative launched in 2015. On the other hand, the Chinese government needs to ensure the
survival of the traditional taxi industry that supports millions of taxi drivers and to reduce
traffic congestion and air pollution in major cities. Facing with this dilemma, we develop a
unified modeling framework that captures the strategic interactions of multiple stakeholders
(i.e., the government, an on‐demand ride service company, independent drivers, taxi
drivers,
and passengers). Our intent is to analyze a two‐period dynamic game so as to evaluate
multiple performance measures, e.g., business and job creation, viability of taxi service,
consumer welfare, social welfare (environmental and traffic issues), and labor welfare
(economic and social issues), associated with three basic policies: No regulation, Complete
ban, and Basic regulation. By considering the new regulations of on‐demand ride services
(vehicles, drivers and price regulations) implemented by the Chinese government in 2017,
our analysis reveals that, relative to no regulation and complete ban, the Chinese
government’s new regulatory framework provides a better balance of multiple objectives
across multiple stakeholders.
Keywords: On‐demand ride services, socially responsible operations, innovative business
models, public policy, consumer welfare, social welfare
Optimal Mechanism Design for Vehicle Ownership
Control
Zhou Chen, Qi Qi
The Hong Kong University of Science and Technology
Changjun Wang
Beijing University of Technology
Due to traffic and air quality concerns in urban cities, many big cities have begun to adopt
the vehicle licenses quantitative control policies by releasing a fixed number of vehicle
licenses every month. The current pricing and allocation mechanisms differ from city to city.
Several mechanisms have been developed and implemented in reality, such as auction,
lottery, lottery
with reserved price, and the simultaneous auction and lottery. In this work, we target to
design the optimal mechanism to balance efficiency and equality in practice. We first
propose
a unified two‐group mechanism framework that either includes or outperforms all the
existing
mechanisms. Besides, the unified framework also leads to easy implementation in reality
due to its truthfulness and simple structure. Under this framework, we prove the optimal
mechanism is always sequential auction and lottery. Besides, the optimal allocation rule
depends only on the number of players and the number of licenses for all commonly used
distributions. We then extend the two‐group framework to a general multi‐group framework.
The experimental results show us sequential auction and lottery is the best mechanism to
use in practice. We also discuss possible applications of our result to resource allocation in
other settings.
Keywords: smart city, public resource allocation, hybrid mechanism design, optimal policy
Ses
Em
on
Hai W
Sing
Hao
Tsin
Zhix
Didi
We
platf
facto
prop
stud
a m
supp
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Liu M
The
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To w
mar
driv
high
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pres
a th
driv
effe
Keyw
ssion 2G –
mpirical
n Sharing
Wang
gapore Mana
Sun
ghua Univer
xi Wan
Chuxing
study the te
form. Many
ors affect th
pose a seaso
dy using real
odel to iden
ply due to w
words: Labo
he Incen
de‐Shar
Ming
Chinese Uni
ng Chen, Zhe
as A&M Univ
wield a flexib
rket shares, r
ers active on
hest. Usually
wever, drive
sent may un
heoretical an
ers’ working
ct.
words: Empi
– Business
Study o
g Trans
agement Uni
rsity
emporal pat
y factors, inc
he dynamic n
onal time ser
data from a
ntify the decl
age lock‐in b
r Supply, Sha
ntive Ga
ring Mar
iversity of Ho
eng Li, Weim
versity, Nort
ble self‐sche
ride‐sharing
n the road, e
y, platforms
rs’ response
dermine the
nd empirical
g hours as w
rical, Ride sh
s Analytics
on Temp
portatio
versity
ttern of labo
cluding temp
number of a
ries model to
an on‐deman
line of the n
before the bo
aring Transp
me und
rket: Th
ongKong (Sh
ming Zhu
h Carolina St
duled supply
platforms s
especially dur
offer mone
es to bonus
e effectivene
l analysis of
well as the p
haring, Targe
s in OM II
poral Pa
on Platf
or supply on
poral deman
ctives driver
o describe th
nd sharing tr
number of ac
onus boostin
ortation, Tim
der Targ
heory an
enzhen)
tate Universi
y to match t
uch as Uber
ring peak ho
tary bonuse
ses can be
ess of such b
f the impact
platform’s b
et Effect
attern o
form
n the on‐dem
nd, time‐bas
rs providing
he labor sup
ransportatio
ctive drivers
ng period du
me Series, W
get Effec
nd Evide
ity, IESE Busi
the ever‐cha
and Didi str
ours in which
es to incenti
affected by
onus schem
t of moneta
best incentiv
of Labor
mand sharin
sed incentive
service on t
ply and prov
n platform. W
and tempor
ring peak ho
age Lock‐in
ct in the
ence
iness School
anging dema
rive to keep
h the demand
vize drivers
the target
es. In this pa
ary bonuses
ve strategy u
r Supply
ng transporta
es, and seas
he platform
vide an emp
We also pro
rary loss of l
our.
e
nd and main
more regist
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to work lon
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on ride‐sha
under the ta
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ation
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. We
irical
pose
abor
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ch if
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aring
arget
Location and Emergency Inventory Pre‐Positioning for
Disaster Response Operations: Min‐Max Robust Model
and a Case Study of Yushu Earthquake
Wenjun Ni
Department of Industrial and Manufacturing Systems Engineering, Faculty of Engineering,
The University of Hong Kong
Jia Shu
Department of Management Science and Engineering, School of Economics and
Management, Southeast University
Miao Song
Department of Logistics and Maritime Studies, Faculty of Business,
The Hong Kong Polytechnic University
Pre‐positioning emergency inventory in selected facilities is commonly adopted to prepare
for potential disaster threat. In this paper, we simultaneously optimize the decisions of
facility location, emergency inventory pre‐positioning, and relief delivery operations within a
single commodity disaster relief network. A min‐max robust model is proposed to capture
the uncertainties in both the left‐ and right‐hand‐side parameters in the constraints. The
former
corresponds to the proportions of the pre‐positioned inventories usable after a disaster
attack,
while the latter represents the demands of the inventories and the road capacities in the
disaster affected areas. We study how to solve the robust model efficiently and analyze a
special case that minimizes the deprivation cost. The application of the model is illustrated
by a case study of the 2010 earthquake attack at Yushu County in Qinghai Province of PR
China. The advantage of the min‐max robust model is demonstrated through comparison
with the deterministic model and the two‐stage stochastic model for the same problem.
Experiment variants also show that the robust model outperforms the other two approaches
for instances with significantly larger scales.
Keywords: disaster relief, facility location, network flow, inventory pre‐positioning, min‐max
robust optimization
Call Center Arrivals: When to Jointly Forecast Multiple
Streams?
Haipeng Shen
Innovation and Information Management, Faculty of Business and Economics,
University of Hong Kong
Han Ye
Business Administration, Giles College of Business,
University of Illinois‐Urbana Champaign
James Luedtke
Industrial & Systems Engineering, College of Engineering,
University of Wisconsin‐Madison
We consider call centers that have multiple (potentially inter‐dependent) demand arrival
streams. Workforce management of such labor intensive service systems starts with fore‐
casting future arrival demand. We investigate the question of whether and when to jointly
forecast future arrivals of the multiple streams. We first develop a general statistical model
to simultaneously forecast multi‐stream arrival rates. The model takes into account three
types of inter‐stream dependence. We then show with analytical and simulation studies how
the forecasting benefits of the multi‐stream forecasting model vary by the type, direction,
and strength of inter‐stream dependence. In particular, we find that it is beneficial to
simultaneously forecast multi‐stream arrivals (instead of separately forecasting each stream),
when there exists inter‐stream lag dependence among daily arrival rates. Empirical studies
using two real call center data sets further demonstrate our findings, and provide
operational insights into how one chooses forecasting models for multi‐stream arrivals.
Keywords: arrival rate uncertainty, staffing, system flexibility, workforce management
Ses
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a Huang: Sun
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eng Li: Huna
tivated by th
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work, the sy
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system’s se
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cture. We us
h 60 docking
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unteers in the
words: Crow
ynamic Rxed Cost
g Zhao, Zhix
hnology
e‐float vehicl
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mismatch. I
periodic rev
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extensive nu
eral n‐station
words: dyna
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d Efficie
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n Yat‐sen Bu
Chung‐Piaw
n University
he Bike Ange
as an altern
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ystem can st
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s. Interesting
ferent desig
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a much sma
e system onl
wdsourcing, B
Repositt
xue Liu: Sc
le sharing se
onal challen
becomes ne
n this paper
view invento
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merical stud
n system.
amic repositi
Economy
ent Reb
ythm in
siness Schoo
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els Program
ative to reb
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till perform a
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ervice has be
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ecessary the
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ory system w
for the two‐
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balancin
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ol, Sun Yat‐se
usiness Schoo
in New York
alance bikes
e the daily de
rk to support
of the Ange
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r of stations
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m, where the
cture used b
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em because
al and tempo
on the op
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set from the
rcs (15%) to
mall loss (aro
ing, Sparse N
for Vehi
anagement,
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managemen
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cle sharing, f
ng Netw
e Sharin
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s in a bicycle
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s based on a
erations on t
ur problem
e focus has
by Citi Bike in
e that the B
of the ‘’Circ
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perating con
th the long
optimal reba
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support the
ound 4%) of
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Huazhong
promoted for
nt due to th
ropose a rep
chastic dyna
d reposition
em is charac
n the optima
fixed cost, tw
work: Exp
g System
y
University of
system, we
e sharing sy
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ribution activ
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ully flexible s
actual usage
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is similar
been on th
n its Angels
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cadian Rhyth
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nditions, our
chains and
lancing netw
ystem in Bos
e rebalancing
the perform
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aring wit
University
r its flexibilit
e mismatch
positioning p
amic program
ning cost inv
cterized theo
al repositioni
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ploiting
ms
f Singapore
study the us
ystem before
om, we deve
vities. Our re
et of arcs in
system, in w
e. This simp
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e design of
program in
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work for a sys
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mance efficie
rogram
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of Science
ty nowadays
between su
policy to allev
mming mode
volved. Then
oretically. Fin
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system, n‐sta
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e the
lop a
esults
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creasing
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public bicyc
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ministrative o
eases. In this
w point of us
work analysi
temperatur
words: publ
work analysis
icing an
anufact
Dai, Yu Nu
nomics and M
ecent years,
at benefits t
h peer‐to‐p
estigate the
iling and sh
n obtained t
del. Furtherm
investigated
ring.
words: produ
g Opera
ased on
ngMin Bae
ial & Manage
cle system (
irtue of shar
office look fo
s paper, we
ser, station,
s, re‐balanci
e significant
lic bicycle s
s
nd Capac
turers w
Managemen
product sha
o consumer
peer(P2P) s
manufacture
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he context w
more, the ca
d to obtain
uct sharing,
ational E
n Public
ement Engin
(PBS) is one
red economy
orward to en
suggest vari
and adminis
ing scheme o
ly affects the
system, ope
city Allo
with Pro
nt School, Wu
aring has bee
s, firms as w
sharing an
er’s pricing
et. We first
when the ma
pacity alloca
some mana
pricing, capa
Efficienc
Data An
neering, Han
of the cert
y, the numbe
nhancing the
ous method
stration. We
of bicycles in
e intention o
erational eff
ocation:
duct Sh
uhan Univers
en emerging
well as the w
d manufac
and capacity
explore the
anufacturer s
ation strateg
agerial implic
acity allocatio
cy of Pu
nalysis
bat National
ain methods
er of bicycle
e operationa
s to increase
analyze 3‐ye
n crowed sta
of riding.
ficiency, PBS
: Implica
haring
sity
g as a new b
whole societ
cturer‐to‐con
y allocation
e manufactu
should add t
ies for both
cations for m
on, capacity
ublic Bic
University
s to avoid t
increase ve
al efficiency
e an operatio
ears of PBS u
ation is visua
S usage dat
ations f
usiness mod
ty. In this pa
nsumer(M2C
strategies f
urer’s pricing
the product
retailing and
manufacture
constraint
ycle
he traffic ja
ry fast and e
of PBS as de
onal efficien
usage data. W
alized. Air qu
ta, user su
for
del because o
aper, conside
C) sharing,
for both pro
g strategies,
sharing busi
d sharing ma
ers with pro
m in
every
eficit
cy in
With
uality
rvey,
of its
ering
we
oduct
and
iness
arket
oduct
Ses
Tim
Tw
Wei
Was
The
ado
deve
trad
We
prod
opti
Keyw
segm
Ho
the
Jia G
Anta
A n
inve
eart
resp
ope
Keyw
ssion 2I –S
me to C
wo‐Dime
qing Zhang,
shington Uni
purpose of
pting local
eloping new
ditional and s
characterize
duction cost
mal product
words: pro
mentation, s
ow Do F
e Impac
Gao, Ying Ron
ai College of
atural disast
estors and m
thquakes ha
ponse of th
rational mea
words: Natu
Sustainab
hange?
ensiona
Lingxiu Dong
versity in St.
this paper
sourcing an
w products. W
sustainable ‐
e explicitly
t and the siz
t line design.
oduct line
ustainable o
irms Pr
ct of Ear
ng
Economics a
ter can imp
managers to
ppened in m
hose affecte
ans to cope w
ral disaster,
le Operat
Produc
al Qualit
g, Iva Rashko
. Louis
is to explain
nd other su
We build a
‐ and two ma
how the int
ze of the gr
design, m
operations
epare fo
rthquak
and Manage
pose tremen
understand
mainland Ch
ed firms. Th
with natural
operational
ions II
ct Line D
ty Produ
ova
n why some
stainable ap
model whic
arket segme
terplay betw
reen segmen
multi‐dimensi
or Natu
kes on C
ment, Shang
ndous challe
d the conseq
hina from 20
hen, we inv
disasters.
strategy, eve
Design f
ucts
e traditional
pproaches w
ch incorpora
ents ‐ low an
ween sustai
nt affect a m
ional qualit
ural Disa
Chinese
ghai Jiao Ton
nges to firm
quence of th
008‐2017, w
vestigate th
ent study
for
big food m
while others
tes two qua
d high susta
nable‐valuat
monopolistic
ty differen
asters: A
Firms?
ng University
ms. It is imp
he natural d
we first mea
he effective
anufacturers
s are not w
ality valuatio
inable valua
tion uncerta
c manufactu
tiation, ma
A Study
portant for
disaster. Util
sure the ma
ness of var
s are
when
ons ‐
ation.
ainty,
urer’s
arket
of
both
lizing
arket
rious
Gr
Co
Ga
Xin W
The
Soo‐
Carn
Whe
is in
high
a fir
that
effe
payo
Keyw
Eff
Re
Xiao
Poly
Fuqi
Olin
We
conc
resp
firm
conv
soci
Keyw
sign
reen Tec
ompetiti
ame App
Wang
Hong Kong U
‐Haeng Cho,
negie Mellon
en a governm
nfluenced by
her number i
m’s incentiv
t considers
ctively motiv
off can also p
words: Envir
fect of C
esponsib
omeng Guo, G
yU Business S
iang Zhang
Business Sc
develop a sig
cerns on a fi
ponsible or
m’s type. We
ventional wi
al responsib
words: Corp
aling
chnolog
ion, Reg
proach
University of
Alan Schelle
n University
ment is cons
the numbe
ndicates a m
e to develop
industry cap
vate develop
promote dev
ronment, glo
Consum
bility un
Guang Xiao
School, Hong
hool, Washin
gnaling gam
rm’s pricing
irresponsible
e find that
isdoms and
ility.
porate socia
gy Devel
gulation
f Science and
er‐Wolf
sidering tight
r of firms be
more feasible
p a new tech
pability, com
pment of a n
velopment o
obal game, re
mer Awa
nder Asy
g Kong Polyte
ngton Unive
e model to a
decision an
e, and cons
the existen
have intere
al responsib
lopmen
n, and U
d Technology
tening a stan
eing able to
e standard. W
nology to re
mpared with
ew green te
f a new gree
egulation, su
reness
ymmetr
echnic Unive
rsity
analyze the im
d profit perf
umers do n
nce of info
esting implic
ility, consum
nt and A
Uncertai
y
ndard on a p
meet the tig
We study how
duce a pollu
h regulation
chnology. Su
en technolog
stainability,
on Corp
ric Infor
ersity
mpact of con
formance. Th
not have per
rmation asy
ations for th
mer behavio
Adoption
inty – A
ollutant, the
ghtened stan
w such regu
tant. We fin
n that ignor
urprisingly, u
gy.
technology
porate S
rmation
nsumers’ soc
he firm can b
rfect inform
ymmetry ma
he firm rega
or, informat
n:
Global
eir decision o
ndard, becau
lation may a
d that regula
es it, can m
uncertainty in
Social
cial responsi
be either soc
mation about
ay distort s
arding corpo
tion asymm
often
use a
affect
ation
more
n the
bility
cially
t the
some
orate
etry,
Ses
Ca
Th
Zhic
Sing
Guo
Nati
Wan
Insti
Yuan
Sout
In m
mult
netw
requ
the
cons
in th
usin
Keyw
Ho
Ta
Row
Sing
Bing
Univ
We
to b
the
with
aver
of th
Keyw
ssion 2J –
pacity A
heory an
chao Zheng
gapore Mana
odong Lyu, M
ional Univers
ng Chi Cheun
itute of High
nguang Zhon
th China Uni
many produc
tiple produc
work and t
uirements? W
relationship
sidering the
he design of
ng real data f
words: Produ
ow to Ef
ndem S
wan Wang, Yu
gapore Mana
gnan Lu
versity of Mi
consider a t
be processed
time duratio
h a rate that
rage through
he servers' m
words: Tand
Flexible P
Allocatio
nd Appli
agement Uni
Mabel C Chou
sity of Singap
ng
h Performanc
ng
versity of Te
ction environ
cts with rand
to allocate
We develop
p between th
flexibility str
f last mile d
from two com
uction Netw
fficiently
System w
un Fong Lim
agement Uni
nnesota
tandem syste
d is finite. Th
on for each s
depends on
hput of the s
movements b
em service s
Production
on in Fl
ications
versity
u, Chung Piaw
pore
ce Computin
echnology
nments, a fi
dom demand
the availa
a new theo
he capacity
ructure of th
elivery oper
mpanies.
orks, Capacit
y Serve
with Fle
versity
em with two
e servers are
server to ser
n the server,
system. We
between the
system, flexib
n and Serv
exible P
s
w Teo
g
xed network
ds. What is t
able capacit
ory of netwo
and the att
he network. W
rations, and
ty Configura
a Finite
exible Se
o stations an
e cross‐train
rve a job at
the station,
also extend
stations as w
ble servers, h
vice Syste
Product
k of capacity
he best way
ty, to mee
ork capacity
tainable fill r
We apply ou
in semi‐con
tion, Proces
e Numb
ervers?
nd two serve
ned to work
each station
and the job
our model t
well as the e
heterogeneo
ems
ion Net
y is shared f
y to configur
et pre‐deter
allocation,
rate levels f
ur results on
nductor prod
s Flexibility,
ber of Jo
ers. The tota
at both stati
n is exponen
. Our goal is
to incorpora
effects of serv
ous jobs, tran
tworks:
flexibly betw
e the capaci
rmined fill
and charact
for the prod
problems ar
duction plan
Fill Rate Targ
obs in a
l number of
ions. We ass
ntially distrib
to maximize
ate transfer c
vice defects.
nsient analys
ween
ty of
rate
erize
ucts,
rising
ning,
gets
jobs
sume
buted
e the
costs
.
sis
On
Op
Sara
Sing
Zhen
Nati
Desp
of a
ope
perf
price
lead
met
ope
disru
met
the
Keyw
flexi
Wo
Pri Xua
HKU
Shix
New
In t
flexi
in u
met
diffe
proc
gene
desi
com
gene
Keyw
Wor
n the De
peration
ah Yini Gao
gapore Mana
nzhen Yan, C
ional Univers
pite the exte
any general
rations. We
formance of
es obtained
ds to a gener
thodology fo
rational pro
uptions in th
thodology ca
latter proble
words: Spars
ibility, strong
orst‐Cas
ice Diffe
n Wang
UST
xin Wang, Jia
w York Unive
he operatio
ibility has ma
units. Howev
tric is used to
erences. We
cess flexibilit
eral class of
gn’s PPCIs a
mpare the w
erating flexib
words: Proce
rst‐case Anal
esign of
ns
agement Uni
Chung‐Piaw T
sity of Singap
ensive literat
methodolo
address th
f a stochasti
from a relat
al solution
or the cons
blems, inclu
he operation
an recover th
em.
se and efficie
g duality
se Analy
erential
wei Zhang
rsity
ns literature
ainly focused
ver, this cou
o guide flexib
e address th
ty designs. W
f worst‐case
and the give
worst‐case p
bility designs
ess flexibility
lysis
Sparse
versity
Teo
pore
ture on the p
ogy to desig
is issue usin
ic system un
ted conic pro
struction of
uding the wo
nal environm
he k‐chain str
ent operatio
ysis of P
ls
e, the theor
d on the perf
uld lead to
bility designs
his issue by
We introduce
e performanc
en uncertain
performance
s that perfor
y; Flexible Pr
but Eff
performance
gn sparse (
ng a distribu
nder differen
ogram to gu
efficient sp
orkforce dep
ment and the
ructures tha
on, sensitivity
Process
retical inves
formance m
substantial
s whereas th
introducing
e the Profit P
ce measures
nty set. Mor
of differen
m well unde
roduction; Pr
icient St
e of a limited
i.e., slightly
utionally rob
nt process s
ide manager
parse struct
ployment in
classical pro
t are known
y analysis, co
Flexibil
tigation of
etric that is b
profit losses
he products h
price differ
Plant Cover I
s can be ex
reover, the
nt designs, a
er expected p
rofit maximi
tructure
d flexibility, w
y flexible) a
bust approac
structures. W
rs in the des
tures for se
response to
ocess flexibil
to be extrem
onic program
lity Des
the effectiv
based on the
s when the
have conside
rentials into
ndex (PPCI)
xpressed as
PPCIs sugge
and lead to
profit.
zation; Robu
es in
we are not aw
nd yet effic
ch to mode
We use the
sign process.
everal classe
o deviations
ity problem.
mely efficien
m, manufactu
igns wit
eness of lim
e maximum
maximum s
erably large
o the analys
and prove th
functions of
est a metho
o a heuristic
ust Optimiza
ware
cient
l the
dual
This
es of
s and
. Our
nt for
uring
th
mited
sales
sales
price
sis of
hat a
f the
od to
c for
tion;
Ses
Mo
Co
Yong
Colle
In th
und
are
opti
deci
reta
opti
irrat
Keyw
(R,Q
Op
Sy
Kwa
Colle
Sang
Dep
Hee
Colle
Like
decr
incre
solv
for f
from
com
shar
Keyw
ssion 3A –
odeling
ontinuou
g Won Seo, S
ege of Busin
his talk, a di
er the contin
modeled wh
mal decision
ision bias of
ilers conside
mize the reo
tionality leve
words: beha
Q) policy
ptimal C
stem in
anghun Chun
ege of Busin
gbok Lee
partment of I
jong Lim
ege of Busin
many cities
rease both
eases, mana
ed to offer b
finding optim
m user data
mputational e
ring systems
words: Share
– Behavior
Behavi
us‐Revie
Sea Young Pa
ess Administ
istribution s
nuous‐review
hen they ha
n of the ware
f the retaile
ering the ex‐
order decisio
els.
avioral opera
Clusterin
Seoul
ng
ess Administ
ndustrial and
ess Administ
around the
traffic and
agerial issue
better service
mal clusters
a for pickup
experiments
.
ed Bicycle, C
ral OM II
oral Bia
ew Polic
ark
tration, Chun
upply chain
w (R,Q) polic
ve tendency
ehouse is kno
ers. In this
post invento
ons of the w
ations manag
ng of Sta
tration, Hong
d Manageme
tration, Univ
world, bike
pollution in
es such as r
e. In this pap
of bike sta
ps and retu
to propose
lustering, M
ases in R
cies
ng‐Ang Unive
consisting o
y is consider
y to minimiz
own in previ
research, w
ory minimiza
warehouse u
gement, reo
ations f
gik Universit
ent Engineer
versity of Seo
sharing syste
Seoul since
relocation a
per, we deve
tions. For ea
urns at 210
better clust
ixed‐Integer
Reorder
ersity
of one ware
red. The reta
ze the ex‐po
ous research
we model th
tion bias of t
using the kno
rder decisio
for the B
ty
ring, Hansun
oul
em has been
e 2015. As
nd mainten
elop a mixed‐
ach station,
stations in
tering for ef
Programmin
r Decisio
house and m
ailers’ reorde
ost inventorie
hes, they do
he ordering
the retailers,
owledge abo
n biases, co
Bike Sha
ng University
n introduced
the use of
nance of bic
‐integer prog
we obtain
n Seoul. The
fficient man
ng
ons und
multiple reta
er decision b
es. Although
not conside
behavior of
, and method
out the reta
ntinuous‐rev
aring
and operate
shared bicy
cycles should
gramming m
the net dem
en, we perf
agement of
der
ailers
iases
h the
r the
f the
ds to
iler’s
view,
ed to
ycles
d be
model
mand
form
bike
Ar
Wh
Kun
Colle
Se Y
ETR
Woo
Saud
We
rival
cust
diffe
inve
diffe
inve
Keyw
asym
Be
on
Xua
Dep
Beh
cons
set
cons
of i
conc
surp
conf
Keyw
m’s Len
hen a R
Soo Park
ege of Busin
Youn Jung
I
onghee Tim
der school of
consider a v
l retailer wh
tomer of the
erent selling
estigate the
erentials be
estigate the i
words: vertic
mmetries
ehavior‐
n Purcha
n Wang, Chi
partment of L
avior‐based
sumers with
equilibrium
sumer's beh
ncomplete
clude that in
plus and so
flicted with i
words: beha
ngth Prin
Rival is a
ess, KAIST
Huh
f business, U
vertically inte
ho competes
VIP. The ret
costs or dif
impact of t
tween reta
mplications
cally integra
‐Based P
asing Hi
To Ng
Logistics and
pricing (BB
h different h
prices using
avior. Thus,
information
ncomplete in
cial welfare
ncreasing fir
vior‐based p
nciple u
also a Cu
University of
egrated prod
s with the re
tailers in the
fferent accur
he arm's le
ilers on VIP
of allowing s
ted produce
Pricing w
story
Maritime St
P) is a prici
istorical pur
g BBP. Howe
the firms ha
on firms' p
nformation ca
e by changi
rms' profits.
pricing, incom
under M
ustomer
British Colum
ducer (VIP) w
etail division
market are
racy of infor
ngth princip
P, rival, and
some wholes
er, retail com
with Inc
tudies, The H
ng strategy
rchasing beh
ever, it is ha
ave incompl
profits, cons
an benefit th
ng informat
mplete inform
Market A
r
mbia
with wholesa
of the VIP.
not necessa
mation abou
ple that doe
d consumer
sale price dif
mpetition, ar
complet
Hong Kong Po
that the fir
havior. In co
ardly possibl
ete informa
sumer surpl
he firms. Mo
tion comple
mation, price
Asymme
ale and retai
The rival is
rily symmetr
ut the marke
s not allow
rs in the m
fferentials in
rm’s length p
te Inform
olytechnic U
rms offer dif
ompetitive m
le that the f
tion. We an
us, and soc
oreover, imp
eteness are
e discriminat
etries
l divisions, a
also a whole
ric and may
et condition
wholesale p
market. We
the regulati
principle, ma
mation
University
fferent price
market, firms
firms catch
alyze the im
cial welfare.
roving consu
not necess
tion
and a
esale
have
. We
price
also
ion.
arket
es to
s can
each
mpact
We
umer
sarily
Ses
Inc
Ron
Sing
Niya
Nati
Shan
Sing
Man
biop
orga
dise
char
Subs
colla
Keyw
Pe
Lic
Niya
Nati
Arno
Sing
Both
agre
outc
conc
large
term
of d
Keyw
ssion 3B –
centiviz
grong Luo, Y
gapore Unive
azi Taneri
ional Univers
ntanu Bhatta
gapore Mana
ny developin
pharmaceuti
anizations (N
eases. We mo
racterize the
sequently, w
aboration to
words: Innov
erils of B
censing
azi Taneri
ional Univers
oud De Meye
gapore Mana
h the fate of
eements dep
comes due t
cerns even w
er deal valu
mination. Fur
eal value det
words: R&D
– Innovativ
ing R&D
Ying Xu
ersity of Tech
sity of Singap
acharya
agement Uni
ng countries
cal treatme
NGOs), and
odel the inte
e conditions
we evaluate
bring produ
vation, Susta
Bargaini
sity of Singap
er
agement Uni
f a product
pend on go/
to partner e
when clinica
ue creates a
rther investig
termine whe
license, inno
ve Operat
D for Ne
hnology and
pore, Singap
versity
grapple wit
nts. The wo
biopharmac
eraction betw
s for a disea
the effective
ucts targeting
ainable Deve
ng Pow
pore, Singap
versity, Sing
and future p
/no go deci
expertise and
l prospects
higher hurd
gation revea
ether its effe
ovation, barg
tions II
eglected
Design
ore, Singapo
h neglected
orld health
ceuticals to
ween an NGO
ase to be n
eness of diff
g neglected d
lopment, Ne
wer in Bi
ore, Singapo
apore, Singa
payments to
sions. This
d terminatio
are good. W
dle to clear,
als that this i
ect is positive
gaining powe
d Diseas
ore
diseases du
organizatio
act in conc
O, an Innova
neglected in
ferent incent
diseases to m
eglected Dise
otechno
ore
apore
o the innova
presents a t
ons purely d
We find supp
, thereby in
s due to end
e or negative
er
ses
ue to a lack
n calls on
cert to elim
tor and a Ma
the absenc
tive mechan
market.
eases, Incent
ology R&
tor (licensor
tradeoff bet
due to a par
port for the
ncreasing the
dogeneity: U
e.
of effective/
non‐governm
minate negle
arketer. First
ce of incent
nisms in indu
tives
&D
r) in R&D lic
tween enha
rtner’s econ
argument th
e likelihood
nderlying dr
/safe
ment
ected
t, we
tives.
ucing
cense
nced
omic
hat a
of a
rivers
Rig
Ne
Gua
Scho
Shan
Lee
Sam
INSE
Niya
NUS
Stra
refu
betw
stud
diffe
also
for t
und
Key
first
Na
Pe
Po‐H
Facu
Shu‐
Nati
Long
Hon
In th
perf
Usin
data
loca
prof
subj
firm
Keyw
ghts of F
ew Prod
ngyu Wan
ool of Econo
ntanu Bhatta
Kong Chian S
meer Hasija
EAD, Singapo
azi Taneri
S Business Sc
tegic contro
usal (ROFR) a
ween biotec
dy the contra
erent contro
investigate
the innovato
er which circ
words: new
refusal
atural D
erforma
Hsuan Hsu, H
ulty of Busine
‐Cing Peng
ional Taiwan
g Yi
ng Kong Bapt
his paper, we
formance an
ng major nat
a from the t
ted in state
fitability. Sec
ject to the i
ms’ sustainab
words: natur
First Ne
duct Dev
mics & Trade
acharya
School of Bu
ore
chool, Nation
ol rights such
are common
ch and pharm
act design p
ol rights bein
the role of s
or. Our resu
cumstances.
w product de
isasters
nce
Hsiao‐Hui Lee
ess and Econ
n University
tist Universit
e empirically
nd examine i
tural disaster
oxic release
es affected b
condly, we f
impact of na
ility.
ral disasters,
egotiatio
velopme
e, Hunan Un
usiness, Singa
nal University
h as the rig
ly used in th
maceutical f
roblem with
ng offered f
strategic con
lts address a
evelopment,
s, Techn
e
nomics, Univ
y
y measure th
if these imp
rs specified
inventory (T
by natural di
ind that firm
atural disast
, innovation,
on and R
ent Part
iversity
apore Manag
y of Singapo
ht of first n
he pharmace
firms. We b
h the ROFN a
rom the inn
trol rights in
an importan
R&D partne
nology D
versity of Hon
he impact of
acts can be
by Barrot an
TRI) databas
isasters perf
ms with dive
ters, suggest
operating p
Rights o
tnership
gement Univ
re
egotiation (
eutical indus
uild a stylize
and ROFR. W
novator’s (bi
n resolving th
t issue, viz.,
ership, right
Diversity
ng Kong
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llers wit
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sion of Infor
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his article, w
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malized Nas
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OM‐Mar
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nd
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roblem has
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kelberg struc
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price‐setting
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prices. We
ation costs. T
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s two altern
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The structur
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ative
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ation
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n the
nder
hool,
llers,
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the
re of
r and
alized
Incentive Mechanisms for Managing Hidden Rebates
and Inflated Quotes of a Procurement Service Provider
Xiaoshuai FAN
School of Engineering, The Hong Kong University of Science and Technology
Ying‐Ju Chen
School of Business and Management & School of Engineering, The Hong Kong University of
Science and Technology
Christopher S. Tang
UCLA Anderson School
When sourcing through a procurement service provider, the buyer (e.g., a retailer) relies on
the service provider to solicit price quotes from different sellers (e.g., contract
manufacturers). Some service providers charge their buyers low service fees to be
competitive, but they collect rebates (or sales commissions) from some willing sellers that
are “hidden” from the buyers. Due to conflicting interests and information asymmetry, the
service provider has strong incentive to “inflate” the quote submitted by those unwilling
sellers, in order to help those willing seller to win the buyer’s business. Consequently, the
buyer can end up selecting an inefficient seller by paying a higher price (and even a higher
import tax due to hidden rebates).
We present a model of a supply chain comprising a buyer, a procurement service provider,
and two (i.e., one willing and one unwilling) sellers. Our equilibrium analysis reveals that,
when the buyer selects the seller with the lowest quote, the inflated quote caused by the
hidden rebate will make the buyer end up paying higher procurement costs and higher
import taxes. When the buyer cannot enforce a penalty on the intermediary for quote
inflation, we show that a deterministic incentive mechanism based on a simple selection rule
and a contingent service fee is optimal. We also show that this optimal mechanism creates
incentive to: (1) deter the service provider to inflate the quote submitted from the unwilling
seller; (2) reduce the incidence of hidden rebates; and (3) reduce the buyer’s procurement
cost and the corresponding import tax significantly. More importantly, relative to the
“lowest quote wins” selection rule, this optimal deterministic mechanism creates a win‐win
solution for the buyer and the service provider. However, when the buyer can enforce a high
(but bounded) penalty on the intermediary for quote inflation, a stochastic incentive
mechanism is optimal, and the deterministic mechanism is no longer optimal.
Keywords: Mechanism design, Hidden rebates, Deceptive quotes, Global sourcing
Ses
Ma
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Guit
Dep
The
Ke F
Ling
Xitin
Dep
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with
prod
port
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and
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disru
mom
ssion 3D –
anaging
eturns a
tian Liang
partment of D
Chinese Uni
Fu
gnan College,
ng Gong
partment of
ision Science
study a peri
h a lifetime
duct and sto
tion of the so
product wit
dified base‐s
entory after
anufacturing
words: inve
stitution
ficient A
oblem u
gzhen Li: Jina
ping Li, Kaike
Shu: Southea
o Song: The
s paper stud
ribution of f
prespecified
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en location d
performs the
uptions, but
ments.
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Decision Scie
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Systems En
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th one‐perio
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entory cont
Algorith
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an University
e Zhang: The
ast University
Hong Kong P
dies the reli
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olve this pro
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ong Kong
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iable uncapa
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actorily solve
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acitated fac
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the stochast
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al remanufac
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e propose
approach fo
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ith both ma
Product
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erishable pro
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asing in the
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o Song
Hong Kong P
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production/
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Lu
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versity of Sci
consider the
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of Hong Kong
sity
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entory system
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dor Pro
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ence and Te
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acts
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g Xiong
itute of Oper
Chen, Melvy
partment of
gapore
present a u
ld encompa
straints on
divergence,
oduce the tr
ar decision r
rete.
words: Distr
sserstein dist
sk Minim
ng Cui, Danie
Department
Chinese Uni
Qi
Department
Hong Kong U
min Zhang
ool of Manag
study a finit
s as a centra
routes to al
mand at each
erion called C
frequency a
ed integer pr
compare the
words: Inv
nagement
Robust O
Distribu
rations Rese
n Sim
Analytics &
nified and tr
ass a variet
expectation
and Wasse
ractable ada
rule and can
ributionally
tance, adapt
mizatio
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t of Systems
iversity of Ho
t of Industria
University of
gement and
e horizon sto
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ll customers
h customer. T
Collective Re
and magnitu
rogramming
e performan
entory rou
Optimizati
utionall
arch and An
& Operatio
ractable fram
ty of statist
, scenario‐w
rstein distan
aptive recou
n also be app
robust opti
tability
n in Rob
ong
Engineering
ong Kong
al Engineerin
f Science and
Engineering,
ochastic inve
ho determine
. We allow a
To quantify t
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udes of viola
problem an
ce of our sol
uting probl
on
ly Robu
alytics, Natio
ns, NUS Bu
mework for
tical inform
wise ambigu
nce. For op
rse scheme
plied in situa
mization, d
bust Inv
g & Engineeri
ng & Logistics
d Technology
, Nanjing Un
entory routin
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ambiguity in
the risk in fu
Violation (CR
ation. The w
d the exact o
lutions with
em, Distrib
st Optim
onal Univers
usiness Scho
distributiona
mation includ
uity, uncerta
timization p
(TARS), wh
ations where
ata‐driven o
ventory
ing Managem
s Manageme
y
iversity
ng problem.
nishment qu
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lling the dem
RV) Index, w
whole proble
optimal solu
several benc
butionally
mization
ity of Singap
ool, Nationa
ally robust o
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ain probabil
problems wi
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e the recour
optimization
Routing
ment,
ent,
In this prob
uantities as w
ility distribut
mand, we pr
which takes in
em can be
tion can be f
chmarks.
robust opt
n with
pore
al Universit
optimization
alized mome
ities defined
th recourse
on the clas
rse decisions
, ambiguity
g Proble
lem, the sup
well as the t
tion of unce
ropose a dec
nto account
formulated
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timization,
y of
that
ents,
d by
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ssical
s are
set,
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pplier
imes
rtain
cision
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as a
tively.
Risk
On
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Kart
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Scar
and
How
this
info
appe
new
Keyw
Ca
Mo
And
Nati
Jun‐
Chu
Mich
Univ
We
first
opti
and
imp
mea
Inve
Keyw
data
n The He
ewsvend
thik Nataraja
ineering Syst
rf (1958) in h
variance of
wever, this s
paper, we
rmation is a
ear to be so
wsvendor solu
words: Robu
libratio
odels
rew Lim
ional Univers
‐ya Gotoh
o University
hael Kim
versity of Bri
study the o
‐order bene
mization pro
that this c
lication of th
an) should b
entory mode
words: Data
a driven inve
eavy Ta
dor Mod
an, Anulekha
tems and De
his pioneerin
demand are
olution is al
show that
available on
lvable in clos
ution is optim
ust optimizat
on of Dis
sity of Singap
tish Columb
ut‐of‐sample
efit of intr
oblem is a su
can be achi
hese insights
be taken int
ls and applic
a driven opt
entory mode
il Behav
dels
Dhara, Bikra
esign Pillar, S
g work on th
e known. Th
so optimal f
this ``optim
the first an
sed form, we
mal for a reg
ion, Newsve
stributio
pore
ia
e properties
oducing a
ubstantial re
ieved with
s is that esti
to considera
cations in sta
timization, r
ls
vior of D
amjit Das
ingapore Un
he newsvend
his solution i
for a studen
mality" prope
nd the kth m
e show that
gularly varyin
endor, Heavy
onally R
of robust e
``little bit
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negligible lo
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ation when
atistics and fi
obust optim
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niversity of Te
dor problem
s often critic
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moment. W
for high crit
ng distributio
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mpirical opt
of robustne
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oss in expe
e out‐of‐sam
calibrating r
inance are st
mization, mo
utionally
echnology a
assumed tha
cized for bei
ion with infi
s to models
While this pr
ical fractile l
on with heav
Optimiz
imization an
ess” to a
of the out‐of
ected value.
mple varianc
robust optim
tudied.
odel uncerta
y Robus
nd Design
at only the m
ing conserva
inite varianc
s when dem
roblem does
evels, the ro
vy tails.
ation
nd show that
sample ave
f‐sample rew
One impor
e (as well as
mization mo
inty, calibra
st
mean
ative.
ce. In
mand
s not
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t the
erage
ward,
rtant
s the
odels.
tion,
Ses
Ne
Mi
Ying
Man
Feng
Scho
This
and
failu
bala
is si
add
price
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Ca
Jian
Scho
Kevi
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We
head
dem
rece
to fi
the
min
alloc
deve
regu
that
fina
inte
whe
ssion 3F –
ewsvend
inimum
g Wei, Sijia Xi
nagement Sc
g Li
ool of Busine
s paper stud
status quo,
ures. With th
ance the valu
ignificantly d
ition, the op
e, which can
anaging
sh Pool
an Wang, Yi
ool of Manag
in Shang
ua School of
consider a m
dquarter coo
mands of the
eived from cu
ind an optim
firm’s end‐
imizing the
cation probl
elop a simp
ulates the di
t our heurist
ncial integra
gration. The
en the deman
Inventory
dor Dec
m Requir
iong, Sen Zh
chool, Jinan U
ess Administ
ies a newsve
based on w
he purpose t
ues for unde
dependent
ptimal order
n never occur
g Invent
ling
Yang
gement, Zhe
f Business, D
multi‐division
ordinates th
e divisions a
ustomers an
mal joint inve
of‐horizon w
total system
em. Neverth
le heuristic,
visions to ac
ic performs s
ation, we co
e numerical
nds of the di
y Manage
cision w
rement
ou
University
ration, South
endor mode
which the psy
to maximize
r‐order and
on the end
quantity ma
r for a risk‐ne
tory for
jiang Univer
uke Universi
nal firm in w
e cash flow
are stochast
d paid to the
entory replen
working cap
m cost, and
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based on w
chieve the su
stable despit
ompare the
results show
ivisions are n
ement I
with Two
and Sta
h China Univ
el with two r
ychological v
the total ex
over‐order q
owed refere
ay increase i
eutral newsv
a Multi
sity
ity
which each d
through a m
tic and may
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nishment an
pital. We sh
the optimal
haracterize t
which we ca
upply chain’
te of high de
cash poolin
w that the v
negatively co
o Refere
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versity of Tec
reference pr
values are di
xpected valu
quantities. W
ence profits
in wholesale
vendor.
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division reple
master accou
be correlat
ndor at the o
d cash reten
ow that thi
l policy is d
the properti
an propose
s optimal co
emand volat
ng model to
value of cash
orrelated.
ence Pro
o
chnology
ofits: minim
ivided into g
ue the optim
We find that
s and the s
e price and d
nal Firm
enishes its in
unt over a fin
ted. In each
order epoch
ntion policy w
is problem
ifficult to ob
es of the op
a coordinat
ost. A numer
ility. To quan
o systems w
h pooling is
ofits:
um requirem
gains, losses,
mal decision
the decision
hortage cos
decrease in r
m with
nventory and
nite horizon.
h period, ca
. The objecti
which maxim
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btain due to
ptimal policy
ion scheme
rical study sh
ntify the valu
without fina
most signif
ment
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is to
bias
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retail
d the
. The
sh is
ive is
mizes
nt to
o the
y and
that
hows
ue of
ncial
icant
Ris
Co
Bin C
Scho
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Dep
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We
dem
Usin
two
inve
aggr
the
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coop
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wi
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Rese
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Scho
In th
(for
have
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polic
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new
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near
deliv
deliv
deliv
to th
sk Shari
ooperati
Cao, Yuangu
ool of Busine
Chen
partment of
ana‐Champa
study two f
mand parame
ng a non‐coo
firms gettin
entory levels
ressive in or
two firms' ca
vidual lendin
peration; oth
ual‐inde
th Dual
olin Yang
earch Institu
ineering, Sha
Wu, Qiang W
ool of Manag
his paper, we
both echelo
e different b
l‐studied du
le‐echelon in
call the polic
cy and show
reorder poin
wsboy fractile
cedure for
r‐optimal po
very modes
very mode o
very mode o
he system, th
ing, Inve
ive Fina
ang Zhong, Y
ess Administ
Industrial
aign
financially co
eters selling t
operative ga
ng the neede
s of the firm
rdering as th
ash levels ar
ng is conside
herwise, they
ex Polici
Deliver
ute for Inter
anghai Unive
Wang
gement, Univ
e consider a
ons). These tw
base order
ual‐index p
nventory sys
cy dual‐inde
w separabilit
nt of the ex
e. Based on
the policy.
olicy paramet
in the syste
of the upstre
of the downs
he downstre
entory a
ancing
Yong‐Wu Zho
ration, South
Enterprise a
onstrained f
two product
ame, we the
ed loan coo
s. In this fin
he additiona
re relatively l
erable, they
y choose ind
es for T
ry Mode
rdisciplinary
ersity of Fina
versity of Sc
two‐echelo
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batch size r
olicy that
stem with du
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pedited mod
these prop
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ters. In the n
ems. One in
eam echelon
stream eche
eam echelon
and Fina
ou
h China Univ
and System
irms that dif
ts to the (diff
n explicitly a
peratively a
nancing mod
lly sharing r
low and the
y simultaneo
dividually fina
Two‐ech
es and B
Sciences, S
nce and Eco
ience and Te
n inventory
provide differ
requirement
has been
ual‐soucing (V
R,nQ) policy.
r the policy
de of the do
perties, we p
while effici
numerical st
teresting ob
n is not too
lon, when fi
should be g
ancial D
versity of Tec
s Engineerin
ffer in finan
ferent) mark
analyze a de
nd identify t
de, we find t
isk goes up.
advantage o
ously finance
ancing.
helon In
Batch o
chool of Inf
nomics
echnology of
system with
rent lead tim
s. We study
proved to
Veeraraghav
We analyze
parameters.
ownstream s
provide a sim
ent heurist
udy, we inve
bservation is
unfavorable
irms conside
iven the prio
Decision
chnology
ng, Universi
ncial status,
kets with sto
ebt‐financed
the existenc
that the two
Importantly
of cooperativ
e their order
ventory
rders
formation M
f China;
h dual delive
mes, incur dif
y a nature e
be near‐o
van and Sche
e the system
In particula
stage can be
mulation‐bas
ic is provid
estigate the v
s that as lon
e compared
er to add an
ority.
ns with
ity of Illino
cost, revenu
chastic dem
model with
ce of equilib
o firms are m
y, we find th
ve financing
ring decision
y System
Management
ry/supply m
fferent costs
extension of
optimal for
eller‐Wolf, 20
dynamics o
ar, we show
e computed
sed optimiza
ded to find
value of the
ng as the reg
with the reg
expedited m
is at
ue or
ands.
h the
rium
more
hat if
over
ns by
ms
and
odes
s and
f the
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008).
f the
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by a
ation
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dual
gular
gular
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Pro
Zizh
Sun
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City
Hu Q
Hua
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prod
need
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prob
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effe
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Zhan
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Han
Colle
Don
Albe
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hosp
over
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duri
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the
proc
ssion 3G –
ulti‐Obj
oblem w
en Zhang
Hat‐sen Uni
zhi Li
University o
Qin
zhong Unive
mporter in H
ducts to its c
ds to simulta
nsport compa
blems, calle
POPB). The p
mpanies, whi
multi‐objec
ctively.
ining Tr
dmission
nkun Sun
University o
Ye
ege of Busin
ngmei Wang
erta Health S
peng Shen
ulty of Busine
y Lang
partment of E
ergency dep
pitals' ability
rcrowding is
atient units.
ng triage to
ved from fre
predictive in
cess to reduc
– Practice‐
jective O
with Ou
versity
of Hong Kong
ersity of Scie
Hong Kong e
customers ge
aneously mi
anies. This tr
ed the vehi
profits are b
ch can effec
ctive local se
riage No
ns
of Hong Kong
ess, Univers
Services
ess and Econ
Emergency M
partment (E
y to provide
s long ED bo
Our study a
predict the
ee‐text triag
nformation a
ce ED overcr
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Optimiz
utsourci
g
nce and Tech
employs vehi
eographically
nimize the t
ransportation
icle routing
balanced by
ctively avoid
earch (MOLS
otes to P
g
ity of Illinois
nomics, Univ
Medicine, Un
D) overcrow
e timely car
oarding time
aims to deve
inpatient ad
e notes by t
available in a
rowding.
M
zation fo
ng and
hnology
cles all from
y scattered i
otal travelin
n practice en
problem w
maximizing
the occurre
S) algorithms
Predict
at Urban Ch
versity of Hon
niversity of C
wding is a
re to patien
e due to the
elop models
dmission dec
text mining c
advance, hos
or the V
Profit B
m external tra
in difference
g cost and b
ngenders a n
with outsou
the minimum
ence of disto
s for the pro
Emerge
hampaign
ng Kong
algary
worldwide
nts. One of
e lack of co
s that use p
cisions, and
can increase
spitals can be
Vehicle R
Balancin
ansport com
e locations. T
balance the p
new variant o
urcing and
m unit profit
orted solutio
oblem to so
ency Dep
problem t
the primary
oordination b
atient inform
to test how
e the predict
e proactive o
Routing
ng
panies to de
The delivery
profits amon
of vehicle rou
profit balan
t of all trans
ons. We dev
olve the prob
partme
hat underm
y reason fo
between ED
mation colle
the informa
tion power. W
on the admis
g
eliver
plan
ng all
uting
ncing
sport
velop
blem
nt
mines
r ED
and
ected
ation
With
ssion
Da
Huiq
City
We
to d
shop
imp
Eff
Ph
Xu C
Univ
Xiao
Univ
This
man
pha
perf
cap
reta
regu
cap
unre
supp
the
and
ata Drive
qiang Mao, Y
University o
design an ef
dynamically
p. Experime
roves the cu
fects of
harmace
Chen, Huan Y
versity of Ele
ojun Wang
versity of Bri
s paper con
nufacturer a
rmaceutical
formance of
regulation. T
iler price cap
ulation are c
regulation w
egulated firm
ply shortage
linkage price
social perfo
en Asso
Yanzhi Li
of Hong Kong
fficient reinf
learn custom
nts with re
rrent best p
the Pric
eutical
Yang
ectronic Scien
stol
siders a ph
and one pha
firms’ pric
the pharma
The derived
p regulation,
compared to
will damage
m may gain
if the pharm
e cap regulat
rmance of th
ortment
g
forcement le
mers’ choice
al data dem
ractice signif
ce Cap R
nce and Tech
harmaceutica
armacy. We
cing decisio
ceutical sup
equilibrium
, the manufa
o that withou
the econom
financial a
maceutical fi
tion can be
he pharmace
t Plannin
earning fram
e behaviour
monstrate th
ficantly.
Regulat
hnology of C
al supply ch
e investigate
ns. We als
ply chain an
s under diffe
acturer price
ut regulation
mic performa
dvantage. T
irms cannot
an effective
eutical suppl
ng for O
ework that i
and update
hat our app
ion on t
hina
hain compris
e how the p
so evaluate
d assess the
erent price c
e cap regulat
n. Our result
ance of the
he regulatio
cope with t
policy that i
y chain.
Online C
is driven by o
e assortmen
proach is ve
the
sing of one
price cap re
the econo
e risks associ
cap regulatio
ion and the
ts show that
regulated fi
on may incr
he financial
improves bo
Commer
online sales
nts for an o
ry effective
pharmaceu
egulation af
omic and s
ated to the p
ons including
linkage price
t one sided p
rm although
rease the ris
loss. In cont
oth the econ
rce
data
nline
and
utical
ffects
social
price
g the
e cap
price
h the
sk of
trast,
omic
Ses
Ro
Long
Mei
With
for c
free
conv
chal
repo
the
stoc
syst
a m
dem
serv
a be
mult
that
syst
dyna
we
com
Ch
Long
Gua
Wei
Xin W
Elec
tran
elec
Desp
rech
diffi
to g
infra
the
issue
serv
ssion 3H –
obust Re
g He, Zhenyu
lin Zhang: SI
h the flexibi
car sharing a
e‐float system
ventional sta
lenging ope
ositioning pr
lowest tota
chastic dynam
em, we find
ulti‐region s
mand tempor
ves both as a
enchmark fo
ti‐stage robu
t the ELDR so
em and its
amic program
compare w
mputationally
harging E
g He: NUS Bu
ngrui Ma: Ti
Qi: McGill U
Wang: Unive
ctric vehicles
nsportation.
ctric vehicle (
pite the effo
harge the fl
culty discou
gas‐powered
astructure pl
context of E
es, such as t
vice.
– Sharing E
epositio
u Hu: NUS Bu
M University
lity in servin
and Mobike
ms bring co
ation‐based
rational diff
oblem aimin
l cost of rep
mic program
that a simpl
ystem, we d
ral depende
n illustration
or the later m
ust model w
olution prese
numerical
m. In a real‐w
with several
y scalable an
Electric
usiness Scho
anjin Univer
University
ersity of Wisc
s have bee
Moving for
(EV) sharing
orts by the c
eet due to
rages the us
cars or eve
lanning prob
EV sharing. W
the use of p
Economy
oning fo
usiness Scho
y
ng one‐way t
for bike sha
nvenience in
systems, e.g
ficulties in fl
ng to dynam
positioning a
m assuming te
e reposition
deploy the d
nce. We firs
n of the distr
multi‐stage m
with enhance
erves the rep
performance
world case s
benchmar
d in general
Vehicle
ool, National
rsity
consin‐Madi
en considere
rward to a
services and
cities and op
limit or co
se of EV in th
n cease thei
blem in joint
We further
rivate or pu
III
r Vehicl
ol, National
trips, free‐flo
aring, are gai
n rental and
g., Zipcar an
eet manage
ically match
and lost sale
emporal inde
up‐to and d
istributional
st propose a
ributionally r
model. We t
ed linear de
position up‐t
e is close to
study for a fr
ks to demo
result in low
e Sharin
University o
son
ed as key t
low‐carbon
d supported t
perators, it r
stly access
he sharing fle
r operations
with fleet re
conduct num
blic chargers
le Shari
University o
oat vehicle s
ining more p
d return of
nd Citi Bike.
ement. In th
the vehicle
es. We first
ependence o
down‐to polic
ly robust ap
a "myopic" t
robust optim
then develop
ecision rule
to and down
o the exact
ree‐float car
onstrate tha
wer cost with
ng Fleet
f Singapore
to cutting
society, sev
them by bui
remains chal
to charging
eet and forc
s. In this pap
epositioning
merical expe
s, for sustain
ng
f Singapore
sharing syste
popularity. O
vehicles com
On the othe
is paper, we
supply and t
formulate th
of demand. U
cy to be opti
pproach that
two‐stage ro
mization fram
p a computa
(ELDR). Mor
n‐to structur
t optimal so
sharing syst
at the ELD
h less frequen
carbon emi
veral cities
lding chargin
llenging for t
facilities. S
ces some ope
per, we addr
and recharg
eriments to
nable electri
ems, e.g., ca
On the one h
mpared with
er hand, it p
e study the
travel deman
he problem
Under a 2‐re
imal. To solv
can incorpo
obust model
mework as we
ationally effic
reover, we s
re in the 2‐re
olution from
tem in Califo
R solutions
nt reposition
ssions in u
have welco
ng infrastruc
the operato
Such operat
erators to sw
ress the char
ing operatio
discuss plan
c vehicle sha
ar2go
hand,
h the
poses
fleet
nd at
as a
egion
ve for
orate
that
ell as
cient
show
egion
m the
ornia,
are
ning.
rban
omed
ture.
rs to
ional
witch
rging
ns in
nning
aring
An
an
Liu M
Tuna
Wei
Ride
dyna
prop
imp
ques
mod
deve
depe
Base
disti
price
estim
imp
whil
estim
and
Ma
Fil
Me
Tao
Zhic
Yuan
With
to h
max
cont
unce
staff
bene
alloc
opti
inte
ope
thei
n Empiri
d Value
Ming: CUHK
ay Tunca, Yi
ming Zhu: IE
e‐sharing pla
amically to
prietary algo
ortant role in
stions cente
del and anal
elop a two‐
endent dem
ed on this m
inct and com
e elasticities
mation resu
osing price c
le causing a
mate that re
23.40% redu
aximizin
l Rate‐B
echanis
Lu: Rotterda
chao Zheng: L
nguang Zhon
h the rapid g
help compan
ximize and d
text. We co
ertain and p
fing solution
eficial from t
cation and co
mally when
rest. Our res
rator share t
r own hours
ical Ana
e Gener
Shenzhen
Xu: Universi
ESE Business
atforms, such
balance the
orithms use
n value gene
r around the
lysis of price
sided‐marke
mand (consum
model, we th
mpeting mark
s as well as
lts and coun
caps that ma
relatively m
estricting driv
uctions in co
ng the B
Based A
sms
am School of
Lee Kong Ch
ng: School of
growth of the
nies manage
distribute th
onsider an
possibly tim
ns, we first
the perspect
oordination
individual em
sult provides
the maximu
.
alysis of
ation in
ty of Maryla
School
h as Uber an
e demand an
ed by these
eration for th
eir pricing an
e formation
et discrete c
mer) and sup
hen use a c
kets they hos
s other facto
nterfactual a
atch current
moderate 5.6
ver capacity
onsumer and
Benefits
Allocatio
f Manageme
ian School o
f Business Ad
e sharing eco
e their temp
he benefits o
on‐demand
e‐varying de
t investigate
tive of a cent
mechanism
mployers an
s a win‐win‐
m benefits o
Price Fo
n Ride S
nd
nd Lyft and t
nd supply fo
e services fo
heir custome
nd regulation
and surplus
choice mode
pply (driver)
comprehensi
st on their p
ors that affe
analysis, we
Taxi rates ca
66% decreas
y to equal loc
Kuaiche driv
s of an O
on and C
ent, Erasmus
f Business, S
dministration
onomy, on‐d
porary work
of an on‐de
d staffing p
emands. To
e when an
tral planner.
that enables
d the platfo
win solution
of on‐deman
ormatio
haring S
their Chinese
or their serv
or managing
ers as well as
n. In this pap
s generation
el, capturing
sides that jo
ve data set
latform to e
ect market
demonstrat
an decrease
e in Kuaiche
cal Taxi leve
ver surpluse
On‐Dem
Coordina
University R
Singapore Ma
n, South Chin
demand staff
kforce. In th
emand work
platform and
compare t
on‐demand
. Next, we pr
s the on‐dem
rm operator
n: Individual
nd staffing, w
on, Utili
Services
e counterpar
vices. Fare s
g their ope
s their driver
per, we prov
n of these s
g the format
ointly determ
obtained fr
stimate cons
participation
te that prop
consumer su
e driver surp
ls would res
s respectivel
mand Wo
ation
Rotterdam
anagement U
na University
fing platform
his paper, w
force in this
d multiple
his method
d staffing p
ropose a nov
mand workfo
r make decis
employers a
while worker
ization,
s
rt Didi, set p
setting rules
erations play
rs, and impor
vide an emp
ervices. We
tion of mut
mine the pri
rom Didi on
sumer and d
n. Based on
posed regula
urplus by 39
plus. Further
sult in 18.07
ly.
orkforce
University
y of Technolo
ms have eme
we study how
s n ew busi
employers
with tradit
platform can
vel fill rate‐b
orce to be sh
ions in their
and the platf
rs are able to
prices
and
y an
rtant
irical
first
tually
cing.
two
river
n the
ation
.84%
r, we
.06%
e:
ogy
erged
w to
iness
with
ional
n be
based
hared
own
form
o set
Ses
Us
Pro
Bao
We
rem
that
"stra
sing
anal
show
aggr
for p
Keyw
flexi
Op
Sin
Yu C
Shou
McM
Kai H
This
Mak
envi
emis
MTS
deri
cost
allow
(pro
emis
spec
dete
betw
and
hybr
prod
prod
time
Keyw
ssion 3I – S
sing Flex
ograms
long Liu, Feli
investigate
anufacturing
t allows for s
ategic" cost
le‐compone
lyze multi‐co
w that flexib
regated syst
product subs
words: Rem
ibility, Marko
ptimal M
ngle Pro
Cao, Qingson
uyao Xiong:
Master Unive
Huang: DeGr
s paper stud
ke‐To‐Order
ironment. Th
ssions allow
S, pure MTO
ve the optim
t, the manu
wance tradin
oduction and
ssions allow
cified in the
ermines the
ween the ma
emissions a
rid productio
duction strat
duction strat
e is long, or t
words: Make
Sustainab
xible Su
to Beco
ix Papier: ESS
e inventory
g system tha
substitution b
t, i.e., eco
nt products
omponent p
bility reduces
em and that
stitution.
manufacturin
ov Decision P
MTS and
oduct un
ng Li, Chuany
Central Sou
ersity
roote School
ies the opti
(MTO) prod
he manufact
ances tradin
O or hybrid
mal solution
ufacturer ha
ng. Moreove
d inventory
wance, marke
e order. Esp
production
aximum and
allowances t
on strategy
tegy alone. T
tegy when th
the delivery d
e‐To‐Stock, M
ble Operat
bstituti
ome Mo
SEC Business
and produ
at serves dem
between bot
onomic cost
and show th
products and
s the strateg
t a stronger
g, Two‐way
Process
d MTO H
nder the
yan Yu: Busin
uth Universit
l of Business
mal product
duction syst
urer aims to
ng. The decis
MTS/MTO),
analytically.
s to face m
er, the manu
y), costs (in
et demand,
pecially, the
mode in som
minimum in
trading decis
is remarkab
The hybrid M
he demand i
delay cost is
Make‐To‐Ord
tions III
on in Re
ore Sust
s School
uction mana
mand for ne
th products.
t and envi
hat the optim
d develop a
ic cost. We a
weight on e
y substitutio
Hybrid P
e Cap‐a
ness School, C
ty, Changsha
, McMaster
tion plannin
tem for a s
o minimize th
sions include
the invento
. We show t
more cost p
facturer’s de
nventory, em
manufactur
results sho
me case tha
nventory cos
sion in othe
bly less than
MTO/MTS pro
s small, or th
low.
der, Emission
emanuf
tainable
agement of
w and for re
The system
ronmental
mal policy is
a close‐to‐op
also find that
environment
on, Substitu
Product
nd‐Trad
Central Sout
a University
University
g in a hybri
ingle produ
he total cost
e the selectio
ory and emi
that when th
pressure eve
ecisions are
missions an
ring capacity
ow that the
t the unit o
st and has no
er cases. The
n that of eit
oduction stra
he productio
ns trading, Pr
facturin
e
f a hybrid
emanufactur
manager aim
impact. Fir
of threshold
ptimal heuri
t handling co
tal impact in
ution flexibil
tion Syst
de Envir
th University
of Science
d Make‐To‐S
ct under th
in productio
on of produc
issions tradi
he emissions
en if there
mainly affec
d delayed
y and (lengt
initial emis
rder delayed
o effect on p
e cost of op
her pure MT
ategy change
on capacity i
roduction pl
ng
manufactu
red products
ms at minim
rst, we ana
d‐type. Then
stic. Our re
omponents a
ncrease the n
lity, Compo
tem for
ronmen
y
and Techno
Stock (MTS)
he cap‐and‐t
on, inventory
ction mode (
ng quantity.
s are a sourc
is no emiss
ted by emiss
delivery), in
th of) lead
ssions allow
d delivery co
production m
ptimal MTO/
TO or pure
es into pure
s big, or the
anning
ring/
s and
mizing
alyze
n, we
esults
as an
need
onent
r a
t
logy,
and
trade
y and
pure
. We
ce of
sions
sions
nitial
time
ance
ost is
mode
/MTS
MTS
MTO
lead
Tw
Pro
Guo
Colle
Man
We
and
tax p
first
in th
to e
the
Keyw
Cro
Ying
Sing
Ron
The
Kati
Carn
This
are
deve
grou
gene
the
chai
ener
Keyw
issue
wo‐perio
oductio
owei Dou, Qin
ege of Ma
nagement, Sh
model a ma
remanufact
price differs
period alwa
he second pe
ffectively co
manufacture
words: rema
owdfun
g Xu
gapore Unive
ghuo Zheng
University o
a Sycara
negie Mellon
s paper studi
financed by
elop a seque
up of crowf
eration of gr
funded gree
in structure
rgy investme
words: Susta
es
od Man
on Plann
ngyu Zhang
nagement,
henzhen Uni
anufacturer
tured produc
over the tw
ays decrease
eriod may e
ntrol the tot
er’s producti
anufacturing,
nding fo
ersity of Tech
of Texas at Au
n University
es crowdfun
a number o
ential game t
funders /co
reen energy,
en energy p
as well as th
ent volume.
ainable oper
ufactur
ning und
Research In
iversity
who produc
cts in the se
wo periods. It
s the total ca
nlarge the o
tal emission,
ion decision
, carbon tax
r Green
hnology and
ustin
nding in gree
of individual
theory mode
nsumers, e
, and green
project. In p
he dual role
rations mana
ing and
der Carb
nstitute of
ces new prod
econd period
t is shown th
arbon emiss
overall emiss
the tax price
and the cha
regulation, d
n Energy
Design
en energy inv
s who are a
el to study th
lectricity co
energy proj
articular, we
of crowdfun
agement, Su
Reman
bon Tax
Business A
ducts in the
d under carb
hat improvin
ion, while im
sion. From th
e could be ra
racteristic of
different tax
y Invest
vestment, in
also energy c
he interactio
ompany whi
ect manager
e examine t
nders and co
upply chain
nufactur
x Regula
Analytics an
first period
bon tax regu
g the carbon
mproving the
he perspecti
aised selectiv
f remanufact
prices
ment
which green
consumers.
ons among th
ch purchase
r who initiat
the impact o
onsumers on
managemen
ring
ation
d Supply C
and makes
lation where
n tax price o
carbon tax
ve of regula
vely accordin
turing.
n energy pro
In this pape
hree players
e the elect
tes and man
of energy su
n the total g
nt, Emerging
Chain
new
e the
f the
price
ators,
ng to
ojects
er we
s: the
ricity
nages
upply
green
g OM
Ses
Op
wi
Peng
Facu
We
and
tax p
first
in th
to e
the
Keyw
Pri
am
So
Huih
Colle
Yimi
Colle
Dep
We
with
of d
fulfi
colle
form
core
Keyw
mar
ssion 3J –
ptimal P
th Ratin
gfei Guo, Fen
ulty of Busine
model a ma
remanufact
price differs
period alwa
he second pe
ffectively co
manufacture
words: rema
ice‐Dire
mong Se
ources a
hui Wang
ege of Busin
im Yu, Saif B
ege of Busin
partment of I
consider ca
h multiple de
emand from
llment costs
ectively as a
mulate the pr
e. The cost al
words: servi
rket mechani
Stochasti
Pricing a
ng Infor
ngfeng Huan
ess, the Hon
anufacturer
tured produc
over the tw
ays decrease
eriod may e
ntrol the tot
er’s producti
anufacturing,
ected Co
ervice Pr
nd Mult
ess, City Uni
enjaafar
ess, City Uni
ndustrial and
pacity sharin
emand sourc
m different so
s possibly su
coalition th
roblem as a
llocation rule
ce collabora
ism
c Models
and Equ
rmation
ng, Yulan Wa
g Kong Polyt
who produc
cts in the se
wo periods. It
s the total ca
nlarge the o
tal emission,
ion decision
, carbon tax
ost Shar
roviders
tiple Fa
versity of Ho
versity of Ho
d Systems En
ng through
ces and mult
ources to diff
ubject to ser
ey must also
cooperative
e is price‐dir
ation, queue
and Queu
ilibrium
ang
technic Univ
ces new prod
econd period
t is shown th
arbon emiss
overall emiss
the tax price
and the cha
regulation, d
ring and
s with M
cilities
ong Kong, Ko
ong Kong
ngineering, U
allocating/tr
tiple service
ferent facilit
rvice level re
o decide on
game and id
ected and eq
eing systems
ueing I
m Queue
ersity
ducts in the
d under carb
hat improvin
ion, while im
sion. From th
e could be ra
racteristic of
different tax
d Deman
Multiple
owloon
University of
ransferring c
facilities. Fi
ties to minim
equirements
a scheme fo
dentify a cos
quivalent to
, demand al
eing Stra
first period
bon tax regu
g the carbon
mproving the
he perspecti
aised selectiv
f remanufact
prices
nd Alloc
e Deman
f Minnesota
customer flo
rms decide o
mize waiting c
s. If firms de
or sharing th
t allocation r
a market eq
llocation, co
ategy
and makes
lation where
n tax price o
carbon tax
ve of regula
vely accordin
turing.
cation
nd
ows among f
on the alloca
costs and se
ecide to ope
he total cost
rule that is in
uilibrium.
ooperative ga
new
e the
f the
price
ators,
ng to
firms
ation
rvice
erate
. We
n the
ame,
Eff
Min
Rotm
Jianf
Nan
Shar
time
focu
info
stru
info
gene
offe
Key
Lim
Ap
Xuef
Chin
Ling
Flor
A un
effe
anot
has
crim
limit
inte
We
Haw
proc
distr
esta
ficient I
g Hu
man School o
fu Wang
yang Busine
red congesti
e stamp. Fut
us on the
rmation to a
cture affect
rmation str
erates highe
red load is h
words: obse
mit Theo
pplicatio
feng Gao
nese Univers
gjiong Zhu
ida State Un
nivariate Haw
ct. The inte
ther term th
wide applic
minology, seis
t theorem fo
nsity is large
use the res
wkes traffic. W
cess, for wh
ribution. We
ablish limit th
naccura
of Managem
ss School, N
ion informat
ure custome
equilibrium
address the
t the throu
uctures? Pe
er social wel
high or the se
ervable queu
orems f
ons to In
ity of Hong K
iversity
wkes proces
nsity of this
hat depends
cations in fi
smology, an
or stationary
e. The limit is
sulting appr
We show th
hich we com
e also exten
heorems for
acy: Info
ment, Univers
anyang Tech
tion takes th
ers can acces
behavior o
following re
ughput and
erhaps surpr
lfare than n
ervice popula
ue; unobserv
for Stati
nfinite S
Kong
s is a simple
s point proce
on the entir
inance, soci
d many othe
y Hawkes pro
s a non‐Mark
oximation to
at the queue
mpute explic
d our result
infinite‐serv
ormatio
sity of Toron
hnological Un
he form of a
ss the inform
of custome
esearch ques
social wel
risingly, we
o informatio
arity is high.
able queue;
ionary H
Server Q
e point proce
ess is given
re past histo
al networks
er fields. In t
ocesses in th
kovian Gauss
o study an
e length pro
citly the cov
ts to multiva
ver queues w
on Shari
to
niversity
a snapshot o
mation shared
rs with sha
stion: How d
fare compa
show that
on, and then
information
Hawkes
Queues
ess that is se
by the sum
ory of the po
s, online ad
this paper, w
he asymptoti
sian process
infinite‐serv
cess can be
variance fun
ariate statio
with multivar
ng in a Q
of the servic
d by previou
ared, lagged
does this sha
ared with t
shared info
n full inform
n sharing; ser
Proces
lf‐exciting an
m of a baseli
oint process.
vertisement
we prove a fu
ic regime wh
with depend
ver queue w
approximate
nction and t
onary Hawke
iate Hawkes
Queue
ce system w
us customers
d queue le
ared informa
he full and
ormation alw
mation when
rvice operati
ses and
nd has cluste
ne intensity
Hawkes pro
ts, neuroscie
unctional ce
here the bas
dent increme
with high‐vol
ed by a Gaus
the steady‐s
es processes
traffic.
ith a
s. We
ength
ation
d no
ways
n the
ons
d
ering
y and
ocess
ence,
ntral
eline
ents.
lume
ssian
state
and
Ses
Sch
Ind
Jin Q
Dep
Han
Gies
In th
Thea
OT.
the
mee
both
Entr
achi
Keyw
Va
L. Je
Colle
Jun
Anta
Jing
Scho
Dem
heal
varia
time
mod
dem
inap
they
heal
Keyw
ssion 4A –
hedulin
dex
Qi
partment of I
Ye
s College of B
his talk, we
atres (OT). W
Specifically,
scheduling
et the servic
h the varian
ropic Deviat
ieve relativel
words: Sched
ariability
eff Hong, Gua
ege of Busin
Luo
ai College of
ui Xie
ool of Manag
mand variabi
lthcare syste
ability scalin
e that it is di
dels that are
mand correla
ppropriate in
y tend to m
lthcare servi
words: healt
– Healthca
ng in Op
ndustrial Eng
Business, UIU
propose a s
We first use
many surge
problem suc
e requireme
nce and ske
ion for each
ly good perfo
duling, Oper
y Scaling
angwu Liu
ess, City Uni
Economics a
gement, Univ
ility is one o
ems worldw
ng law in bot
iscovered in
e capable of
ations. Our f
n modeling
misestimate
ces.
thcare dema
are Operat
erating
gineering an
UC
simple index
empirical da
ries can start
ch that the
ent. We prop
ewness of t
h type of su
ormance.
rating theatre
g in Hea
versity of Ho
and Manage
versity of Sc
of the major
wide. We dis
th temporal
healthcare
explaining t
findings also
healthcare d
the level o
nds; variabil
tions II
Theatre
nd Logistics M
x to study th
ata to explor
t earlier than
waiting time
pose an inde
he uncertai
urgery, we c
es, Entropic
alth Dem
ong Kong
ment, Shang
ience and Te
r sources of
scover that
and spatial
systems com
the scaling p
o suggest th
demands an
f resource
ity scaling; m
es with
Management
he schedulin
re the featur
n the schedu
e for each s
ex named En
n surgery t
can make th
index, Healt
mands
ghai Jiaotong
echnology of
uncertainty
healthcare d
dimensions.
mprehensive
phenomena
hat common
nd in healthc
requirement
mean and var
an Entr
t, HKUST
ng problem i
res of the sc
uled time. Th
urgery and
ntropic Devi
ime. By sim
he sequencin
hcare Opera
g University
f China
y that affect
demands ex
. This appea
ly. We deve
caused by d
ly used Pois
care resourc
t needed to
riance
ropic
in the Opera
heduling issu
hen we formu
overtime sh
iation to cap
mply ranking
ng decisions
ations
performanc
hibit a univ
rs to be the
lop two netw
different type
sson models
ce planning,
o deliver qu
ating
ue in
ulate
hould
pture
g the
and
ce of
ersal
first
work
es of
s are
and
uality
Pe
Pro
Shas
Joel
Don
The
mult
Ofte
mult
pre‐
trea
obse
outc
with
than
cycle
Keyw
Be
Jing
Mab
Mar
Dav
Hos
requ
man
inclu
hou
desp
hosp
over
com
mod
the
effe
of t
redu
mea
actu
leve
Keyw
ersonaliz
opensit
sha Han: NU
Goh: NUS B
nald Rubin: D
area of pe
tiple drugs
en, the obse
tiple treatme
‐treatment
tments. The
erved covari
comes. How
h cycle dilem
n drug B, dru
e dilemma th
words: multi
ed Alloca
ui Xie: Schoo
bel C. Chou:
rcus Ang: Sin
id D. Yao: Co
pital emerge
uest time an
ny hospitals.
uding the on
rs, beyond w
pite the med
pital, causin
rflow rates a
mplicated bed
del and prop
only unive
ctiveness of
he hospital.
uce the over
asures. Mor
ually can acc
el of less than
words: Bed a
zed Trea
ty Score
S Business S
usiness Scho
Department o
ersonalized
based on in
ervational d
ents are pre
covariates t
e personalize
iates, where
wever, these
mma, e.g., dr
ug B is more
hrough deve
iple treatme
ation to
ol of Manage
NUS Busines
gapore Man
olumbia Univ
ency departm
nd the patie
In order to
ne under stu
which patien
dical specialt
g physicians
also cause m
d allocation
pose two eas
ersity hospit
our propose
. Through th
rflow rate fro
e surprising
ommodate 5
n 10%.
allocation, ov
atment
chool, Natio
ool, National
of Statistics,
medicine, w
ndividual tre
data to assis
scribed to a
that are m
ed treatment
each unit is
e units migh
rug A is mor
effective tha
eloping a con
nts, persona
o Reduc
ement, Unive
ss School, Na
nagement Un
versity
ment boardin
ent admissio
avoid this w
dy in this pa
nts will be as
ies required
s wasting th
many other p
process. To
sy‐to‐compu
tal in Singa
ed polices ag
he simulatio
om 18.91% t
gly, our sim
50% more e
verflow, que
s with C
nal Universit
University o
Harvard Uni
which focus
atment effe
st such dec
population o
measured be
ts are estima
s associated
t not be com
re effective
an drug A. In
ntrast‐specifi
alized treatm
e Overf
ersity of Scie
ational Unive
niversity
ng time, i.e.
n time to in
waiting time
aper may set
ssigned to an
. As a result,
heir time on
problems suc
o address the
te bed alloca
apore and
gainst the ba
on study, we
to about 4‐5
ulation stud
lective patie
eueing mode
Contrast
ty of Singapo
of Singapore,
versity
ses on mak
ects, is of co
isions is con
of units, eac
efore being
ated from on
with only o
mparable and
than no‐dru
this study, w
c propensity
ment effects,
flow
nce and Tec
ersity of Sing
the duration
npatient war
e to exceed c
t a maximum
ny available
, patients ma
n the way t
ch as worse
e overflow i
ation polices
a simulatio
ase case pro
e show that
% without s
dies suggest
ents while ke
ls, simulatio
t‐Specif
ore
, Harvard Bu
ing medical
onsiderable
nsistent of
h of which is
exposed t
n a strata of
one of the m
d thereby pr
ug, no‐drug i
we attempt t
y score appro
diabetes
hnology of C
apore
n between th
rds, is a key
certain level
m boarding t
beds in the
ay be overflo
to visit thei
patient outc
issue, we bu
s. We use th
on model t
ovided by the
t the propo
acrificing oth
t that the e
eeping the ov
n, data analy
fic
siness Schoo
decisions f
current inte
a setting w
s associated
to the mul
data with sim
multiple pote
roduce estim
is more effe
to eliminate
oach.
China
he impatient
y performanc
, some hosp
ime level, sa
impatient w
owed all ove
ir patients.
comes and m
uild an analy
he real data f
to evaluate
e empirical s
osed policies
her perform
existing cap
verflow rate
ysis
ol
from
erest.
where
with
ltiple
milar
ential
mates
ctive
such
t bed
ce in
pitals
ay six
wards
r the
High
more
ytical
from
the
study
s can
ance
acity
e at a
Ses
Log
A S
Xue
Scho
Yong
Busi
Deliv
espe
logis
emp
and
perf
relia
Keyw
Mea
Ma
on
Lipin
Scho
Bin
Scho
Com
cons
carp
opti
time
we
rout
cost
feas
Key
ssion 4B –
gistics S
Study in
lian Qin, Zhix
ool of Manag
g Lin
iness school,
vering high
ecially for lo
stics service
ploy a Delphi
industry su
formed to ve
ability, econo
words: Logi
asurement sc
atching
n Time W
ng Xu, Jianbi
ool of Manag
Dai
ool of Econo
mbining with
siders the de
pool in orde
mized policy
e windows a
construct t
ting problem
t. Finally, we
sibility of the
words: LTL c
– Logistics
Service
n China
xue Liu
gement, Hua
, University o
service qua
ogistics in su
quality in s
i study with
urvey. Then,
erify its reliab
omy, commu
istics servic
cale
Policy O
Window
n Li
gement, Hua
mics and Ma
h field rese
emand of dri
er to reaso
y. Then und
nd drivers’ w
he mathem
m with pick‐u
e select Zalls
e model and
carpool, rout
and Trans
Quality
azhong Unive
of Greenwich
ality has bec
upply chain.
supply chain
16 experts t
a comparat
bility. Finally
unication, se
e quality,
Optimiz
ws under
azhong Unive
anagement,
earch to th
ivers and clie
nably realiz
er the prem
working time
matical mode
p and delive
soon Enterp
algorithm.
te optimizati
sportation
Measu
ersity of Scie
h
come the ke
This paper
n, and develo
to refine the
tive study o
y, we get a sc
rvice compe
Supply cha
zation o
r the Ba
ersity of Scie
Wuhan Univ
e Zallsoon
ents to prop
ze matching
mise of consi
e windows, s
el which ca
ery and time
prise’s practi
ion, pick‐up a
n I
rement
ence and Tec
ey to gain s
explores th
ops a measu
draft scale d
of SC‐LSQ, SE
cale with 7 d
tence and in
in, Delphi
of City LC
ackgrou
ence and Tec
versity
Enterprise,
ose the opti
g and plann
dering the f
start‐end ter
lled the ha
windows, a
cal data to
and delivery
t in Supp
hnology
sustainable c
e critical fac
urement sca
drawn from
ERVQUAL an
dimensions (t
nnovation) an
study, Com
CL Carp
nd of O
hnology
this paper
mized match
ning. First, w
factors of cli
rminals and
lf‐open mu
iming at min
confirm the
y, time windo
ply Cha
competitiven
ctors influen
ale (SC‐LSQ).
literature re
nd LSQ Mod
timeliness, in
nd 22 items.
mparative st
ool Bas
O2O
r simultaneo
hing policy o
we propose
ients’ OD po
vehicle capa
lti‐depot ve
nimizing the
e superiority
ows
in:
ness,
ncing
. We
eview
del is
ntact,
tudy,
ed
ously
of LTL
the
oints,
acity,
hicle
total
y and
Ag
Eff
Lee
Indu
In ge
base
effe
gett
com
a m
netw
cons
platf
this
effe
proc
and
build
syst
anal
cond
Keyw
Tra
Dis
Yong
Dep
The
Chu
Dep
The
Mat
Dep
Wisc
Our
deve
atta
ope
colle
and
Keyw
gent‐Bas
fectiven
Jaeyeong
ustry and Aca
eneral, Unm
ed on lead
ctiveness is
ting more ne
mplex to estim
methodology
work centric
sidering com
form. The te
paper, we p
ctiveness of
cessed with
output var
d a simulati
em perform
lysis. We co
dition.
words: Oper
acking T
stributio
g‐Hong Kuo
partment of I
University o
n Hung Chen
partment of S
Chinese Uni
tthew Peterin
partment
consin‐Milw
work was
eloped an R
chments to
rators to loc
ected using
operational
words: Air m
sed Sim
ness of U
ademia Coop
anned Grou
ing edge te
still a diffic
etwork cent
mate its oper
or approac
c warfare. O
mmunication
errain condit
propose a n
unmanned g
following th
iables in co
on model a
ance. Thirdly
ompared and
rational Effec
Technol
on Cent
ndustrial and
of Hong Kong
ng
Systems Engi
iversity of Ho
ng
of Indust
aukee
motivated b
RFID‐based l
carts and
cate target c
this techno
efficiency.
mail centre, d
mulation
Unmann
peration Fou
nd Vehicle li
echnology i
cult question
tric rather t
rational effe
ch to show
One clear dis
n error effe
ion is define
new simulati
ground vehic
hree phases.
mmunicatio
nd select a
y, execute a
d showed th
ctiveness, Me
ogies fo
ter
d Manufactu
g
ineering and
ong Kong
rial and
by a real‐wo
ocation‐pos
reader mou
carts quickly
logical infras
distribution c
Analys
ned Gro
undation, My
ke robot is o
n the mod
n to answer
han platform
ctiveness. Th
how efficien
stinction of
ects depend
d based on a
on framewo
cle in a smal
At first, we
n network e
measure of
a simulation
he differenc
easure of Eff
or the E
uring System
d Engineering
Manufact
orld problem
itioning plat
unts at the
. We have a
structure to
centres, RFID
is for M
ound Ve
yongji Univer
one of the m
dern warfare
. Moreover,
m centric, it
herefore, it i
ncy it is du
this paper
ding upon t
a small cell a
ork for how
l unit comba
e consider al
environment
f effectivene
model and
ce among th
fectiveness,
fficient
ms Engineerin
g Manageme
uring Eng
m in a large
tform for th
top of the
also conduct
o understand
D, tracking te
Measurin
ehicle
rsity
ost effective
e. However
since the f
t is even m
s challenging
ring a groun
from others
errain cond
and its altitud
to measure
at scenario. T
ll relational
t of all platf
ess based on
produce MO
hree cases b
Communicat
Operat
ng,
ent,
gineering,
e air mail c
he applicatio
e building a
ed an initial
d issues on
chnologies, a
ng
e weapon sys
r, measuring
future warfa
ore difficult
g task to dev
nd battle of
s is that we
dition near
de in each ce
e the operat
The framewo
factors for i
forms. Seco
n purpose of
OE do the ou
based on te
tion Error
tions of
University
centre. We
on. The RFID
llow the fa
analysis of
cart movem
analytics
stem
g its
are is
and
velop
f the
e are
each
ell. In
ional
ork is
nput
ndly,
f the
utput
rrain
of
have
D‐tag
cility
data
ments
Ses
Pri
Ch
Yufa
Dep
This
platf
the
dua
platf
of o
price
chan
Keyw
Pri
Yunj
Dep
This
on
subs
each
each
wait
seco
Keyw
ssion 4C –
icing Str
hannel E
ang Fu
partment of L
s paper inves
form on the
perspective
l platform w
form with d
one e‐retail p
e. The analy
nnel structur
words: Chan
icing Su
juan Kuang,
partment of L
s paper studi
consumer b
stitutable pr
h period. At
h consumer
t regret. We
ond period p
words: subst
OM‐Mar
rategy a
E‐Retail
Logistics Man
stigates the
e e‐retail pric
of manufact
ith dual patt
ual pattern
platform will
ysis also su
res.
nel selection
ubstituta
Chi To Ng
Logistics and
es the effect
behavior an
roducts in a
the beginni
decides to p
define the o
rice are non
titutable pro
keting Int
and Stru
nagement, Z
impact of th
ce and chan
turers, the d
tern (RS), dua
(R+S). The re
l raise its e‐r
ggests the
n, Channel co
able Pro
Maritime St
ts of second
nd firm’s pr
selling seaso
ing of the se
purchase‐or‐w
optimal pric
‐monotonic.
oducts, antici
terface IV
ucture S
Zhejiang Ocea
he operation
nel selection
ual channel
al platform w
esults show
retail price,
preference
ompetition,
oducts w
tudies, The H
period valua
ricing decisi
on with two
elling season
wait. A consu
es and find t
.
ipated regret
Selectio
an University
nal pattern a
n strategy in
structure ca
with single p
that the imp
but will redu
lists of the
Pricing game
when Co
Hong Kong Po
ation uncert
ions. We co
o periods, w
n, the firm a
umer may ex
that the effe
t, second pe
n in Dua
y
and service q
n dual chann
n be divided
attern (RR a
provement o
uce the com
manufactu
e, E‐retail
onsume
olytechnic U
ainty and an
onsider a f
here each p
announces a
xperience pu
ects of regre
riod valuatio
al
quality of e‐r
nel e‐retail. F
d into three k
nd SS) and s
of service qu
mpetitors’ e‐r
rer over e‐r
ers Regr
University
nticipated reg
firm selling
product is so
all his prices
urchase regr
et on the opt
on uncertaint
retail
From
kinds:
ingle
uality
retail
retail
ret
grets
two
old in
s and
et or
timal
ty
Co
an
Gao
Peki
Diffe
the
whe
effe
diffe
effo
strat
prom
in b
reta
thes
whe
bene
coef
and
cons
sale
Keyw
Ro
Fo
Xian
Colle
We
the
The
para
the
cont
perf
flexi
Keyw
ontinuou
d Prom
oyan Lyu, Lihu
ing Universit
erent orders
condition th
en they are g
ct on the de
erent strateg
rt effect. W
tegy), pricing
mote fist in t
both of the t
iler should n
se strategies
en revenue
efits both of
fficient is big
the retaile
sidering sale
s on the mar
words: New
obust Co
rce Com
ngyin Kong, Y
ege of Busin
consider sal
output: the
principal ev
ameters. Inte
parameter
tracts in pra
formance, an
ible modelin
words: sales
usly Pro
motion St
ua Chen
ty
s of price and
hat the supp
going to laun
emand in the
gies on the
We consider
g first in the
the first per
two periods
not choose F
s coordinate
sharing coe
f the supplie
gger and cos
r to choose
es effort and
rket in the se
product, Ga
ontract
mpensat
Yimin Yu
ess, City Uni
les force com
parameters
valuates poss
erestingly, w
uncertainty
actice. We a
nd perform r
g approach f
force incent
omotion
trategy
d promotion
plier determ
nch a new pr
e second per
profits of su
four strateg
first period
iod and pric
s(F‐F strategy
‐C strategy.
or conflict
efficient is s
er and the re
t allocation
e C‐C strate
d price strat
econd period
me theory, P
Designs
tion
versity of Ho
mpensation
s of the outp
sible contrac
we find that
. We provid
also analyze
robustness c
for robust co
tives, robust
nal Effec
for New
have impac
ines retail p
roduct. Mean
riod. This pap
upplier and
gies: pricing
and promote
ing in the se
y). Our resu
2) When pric
between th
smaller and
etailer to cho
coefficient is
gy. We con
tegies in two
d.
Pricing, Prom
s: Linear
ong Kong
where the p
put distribut
cts by their w
linear contr
de a new e
the trade‐o
hecks in a va
ontract desig
contract de
ct on Tw
w Produ
ts on profits
rice and the
nwhile, sales
per seeks to
retailer cons
g first in bo
e first in the
econd period
ults show th
ce sensitivity
e supplier a
cost allocat
oose C‐F stra
s smaller, it
ntribute the
o periods, a
motional effe
r Contra
principal has
ion are in a
worst‐case p
racts are uni
xplanation f
off between
ariety of sett
gns with para
sign, linear c
wo‐Stag
uct
s of suppliers
e retailer ma
s effort in the
shed light o
sidering the
oth of the tw
second peri
d(F‐C strateg
at: 1) Either
y or promotio
and the reta
tion coeffici
ategy; when
benefits bot
price strate
nd the effec
ect
acts for
parameter
n ellipsoidal
performance
quely optim
for the pop
robustness
tings. Our pa
ameter unce
contracts, wo
e Pricin
s and retailer
akes sales ef
e first period
on the impac
cross‐time s
wo periods
iod(C‐F strat
gy), promote
r the supplie
on cost is hig
iler. Particu
ent is bigge
revenue sha
th of the sup
egy literatur
ct of contin
Sales
uncertainty
uncertainty
over all pos
mal and robu
pularity of li
s and worst‐
aper introduc
rtainty.
orst‐case
ng
rs on
ffort,
d has
cts of
sales
(C‐C
egy),
e first
er or
gher,
larly,
er, it
aring
pplier
re in
uous
over
y set.
ssible
st to
inear
‐case
ces a
Ses
Th
Mon
Affil
Supp
asso
dura
a Sw
rese
and
by d
enti
Keyw
Inf
Pro
Xiao
Shan
Nich
The
Mot
com
info
abo
equ
dead
proj
Keyw
prot
ssion 4D –
he Signif
nika Maria M
iation: Techn
ply chain int
ociated. In th
ation and a p
wiss corpora
earch and m
social time
diverse sourc
ty among ac
words: SCM,
formatio
ojects
oqin Wen
nghai Univer
holas G. Hall
Ohio State U
tivated by th
mpany minim
rmation it o
ut its validit
ilibrium solu
dline and bu
ect company
words: new
tection strate
– Supply C
ficance o
Moehring
nical Univers
teraction em
his paradigm
process delim
ation’s globa
anagement
become coe
ces and view
ctors in a sup
, Temporality
on Prot
rsity
University
he threat of i
mizes informa
bserves in a
ty. We mod
ution, and o
udget is nee
y to announc
w product
egy
Chain Man
of “Tim
sity of Middl
mphasizes tan
m, time is a re
miter. Based
al supply ch
is expanded
xisting synch
wpoints, time
pply chain.
y, Collaborat
tection i
industrial es
ation leakage
cost‐effectiv
del this prob
obtain mana
eded to pro
ce that it use
developmen
nagement
e” in Su
e Hesse in Fr
ngible object
esource that
d on evidenc
ains, this es
d and a temp
hronizing dev
e can thus be
tion, Process
in New
pionage dur
e by using d
ve way, base
blem as a tw
agerial insigh
otect the pro
es decoy wor
nt, informat
II
upply Ch
riedberg, Ge
ts exchanged
t can be con
e from a lon
stablished o
porality chec
vices for eve
e understood
ses, Flexibility
Product
ring new pro
ecoy work. T
ed on three a
wo stage Sta
hts. Coordin
oject. Count
rk.
tion loss, S
hain Int
ermany
d and the pr
nverted in m
ngitudinal cro
operationaliz
cklist introdu
ents and pro
d as flexible
y
t Develo
oduct develo
The competi
alternative p
ackelberg ga
nated setting
terintuitively
Stackelberg
eraction
rocesses tha
onetary term
oss‐case stud
ation of tim
uced. Clock
cesses. Acce
and a negot
opment
pment, a pro
itor validates
rior assumpt
ame, identif
g of the pro
y, it benefits
game, opt
n
t are
ms, a
dy in
me in
time
essed
iable
t
oject
s the
tions
fy an
oject
s the
timal
Co
As
Don
Ling
Serg
Wha
Nish
KU L
We
priv
cont
high
to i
cont
pref
Keyw
Pri
All
Hua
Scho
Yado
Scho
CRH
high
strat
mult
of C
mod
anal
Keyw
ontractin
symmet
ng Li
gnan (Univers
guei Netessin
arton School
hant Mishra
Leuven
study contra
ately inform
tract terms
hly‐ advocate
nformation
tracts (TBC)
ferable contr
words: MRO
ice Strat
lotment
wei Duan
ool of Manag
ong Zhang
ool of Inform
H express su
h‐speed railw
tegy for CRH
tiple courier
CRH express
del are cons
lyzed and co
words: CRH e
ng for P
ry
sity) College,
ne
, University
acting for MR
med by the
to screen p
ed advantage
asymmetry.
can lead t
ract type for
, service con
tegy for
ts and S
gement, Xihu
mation Scienc
pply chain is
way transpor
H express su
r companies
supply chain
structed resp
mpared with
express supp
Product
, Sun Yat‐sen
of Pennsylva
RO outsourc
users. The
product failu
es of the per
. On the ot
to lower in
both supply
ntracts, capa
r CRH Ex
Spot Ma
ua University
ce and Techn
s a logistics
rt to provide
upply chain
in Allotment
n is analyzed
pectively. Th
h each other
ply chain, Seq
Suppor
n University
ania
cing when th
supplier de
ure rates and
rformance‐b
ther hand,
formation r
y chain partn
city investm
xpress S
arket
y
nology, Sout
service sup
e users with
consisting o
ts and Spot
d, and the se
he optimal p
r.
quential pric
rt under
e informatio
esigns price
d to maxim
based contra
the more t
rent. Moreo
ers.
ent, mechan
Supply C
hwest Jiaoto
ply chain w
h small parce
of one high‐s
Market is re
equential pri
pricing decis
cing, Joint pr
r Inform
on about pro
as well as
ize profit. W
cts (PBC) ma
raditional tr
over, TBC ca
nism design
Chain in
ong Universit
hich takes a
el express se
speed railwa
esearched. Th
icing model
sion in these
icing, Uncert
mation
oduct reliabil
uptime leve
We find that
ay disappear
ransaction‐b
an even be
n
ty
advantage of
ervice. The p
ay company
he game pro
and joint pr
e two mode
tain demand
ity is
el as
t the
r due
based
the
f the
price
y and
ocess
ricing
els is
d
Ses
A D
Su
Yong
Dep
In s
beco
imp
diffe
Thes
Alth
supp
simu
cond
Keyw
enve
Ne
Da
Shan
Nati
We
the
inclu
new
dim
dem
non
dem
Keyw
ssion 4E –
DEA Me
pply Ch
gtong Chen,
partment of M
ustainable s
omes an i
rovement, e
erent perfor
se factors ca
hough a simp
plier, the m
ultaneously.
duct DEA ana
words: sust
elopment an
ew Prod
ata Drive
nshan Huang
ional Univers
propose a m
main challen
uding sales,
w products. T
ensional pro
mand for ne
parametric
mand.
words: New
Data‐Driv
ethod fo
hain Ma
William Chu
Managemen
upply chain
important
ecological e
mance facto
an be classif
ple DEA mo
model is no
To resolve t
alysis effecti
ainable sup
nalysis
duct Dem
en Appr
g, Andrew Li
sity of Singap
model for fo
nges is spars
store, time a
To address th
oduct catego
ew function‐
methods su
product, dem
ven Resea
or Select
nageme
ung
t Sciences, C
manageme
issue to m
efficiency an
ors, is an eff
fied into thre
del for each
ot suitable
this issue, th
vely.
pply chain m
mand Fo
roach
m, Tong Wa
pore
recasting ne
sity of the da
and product
he issue, we
ory. We ap
‐regime com
ch as rando
mand foreca
arch I
ting Sup
ent
City Universit
nt (SSCM), s
meet stake
nd social re
fective meth
ee dimensio
h dimension
for some
his paper pro
managemen
orecast
ng
ew product d
ata. Even th
t information
construct a f
ply mixture
mbinations.
om forest w
ast, data driv
ppliers i
ty of Hong Ko
selecting the
holder requ
esponsibility.
hod for the
ns (econom
can genera
factors belo
oposes an ov
t, sustainab
: Hybrid
demand with
ough we hav
n, we don’t h
function‐reg
of choice m
We compa
with respect
ven OM
in Susta
ong
e most susta
uirements
. DEA analy
supplier’s se
ic, environm
ate efficiency
onging to t
verlapping a
ble supplier
d Struct
h a cosmetic
ve 20 million
have historic
gime matrix r
models to e
re our met
to predictin
ainable
ainable supp
including p
ysis, conside
election pro
ment, and so
y scores of
two dimens
pproach so a
selection,
ure &
c retailer. On
ns of data po
cal sales dat
representing
extrapolate
thod with o
ng new prod
pliers
profit
ering
cess.
cial).
each
sions
as to
data
ne of
oints
a for
g two
total
other
ducts
Da
Lea
Rub
Facu
Qing
Ams
In t
sche
the
colle
this
app
mac
part
allow
calls
avai
our
follo
imp
imp
long
the
A N
En
Zhao
Univ
We
avoi
crite
imp
opti
Keyw
info
ata‐Driv
arning a
en van de Ge
ulty of Scienc
gchen Wang
sterdam Bus
his paper a
eduling of ou
problem of
ector is cons
problem b
roximate the
chine learnin
ticular state
wing us to o
s to a partic
lable relevan
machine lea
owing the op
rovement in
rovement co
ger, have not
debt collecto
Novel M
velopm
otong Lian, Q
versity of Ma
develop a n
id informatio
eria (AIC) val
rove efficien
mal number
words: Dat
rmation crite
ven Cons
and App
eer, Sandjai
ce, aVrije Un
iness School
framework
utbound call
deciding thr
strained in th
by formulati
e value func
ng technique
is going to
optimize the
ular debtor.
nt data that
arning techn
ptimal policy
n marginal ga
omes mostly
t been conta
or themselve
Method
ment Ana
Qiang Deng,
acau
novel metho
on redundan
lue than oth
ncy on key fa
r of variables
a envelopm
eria (AIC)
sumer D
proxima
Bhulai
niversiteit Am
, University o
k is presente
ls made by d
oughout tim
he number o
ing a Mark
tion based o
s. Specificall
settle the d
schedule by
In doing so
may affect p
nique achiev
prescribed b
ain per outb
y from select
acted recent
es.
of Varia
alysis w
Qi Fu
d to facilitat
ncy. The pro
her approach
actors and s
s.
ment analys
Debt Co
ate Dyna
msterdam
of Amsterda
ed that allo
debt collecto
me which deb
of phone call
kov Decision
on historical
y, we predic
debt and use
y marginalizin
, the framew
payment beh
ves 0.689 AU
by our frame
ound call as
ting debtors
tly, and have
able Sel
with Entr
te variable s
posed meth
hes. It not on
uperior reso
sis, variable
ollection
amic Pr
m
ws for data
ors. More pr
btors to call
s that its age
n Process a
data throug
ct the likeliho
e this as a p
ng the value
work schedu
havior. We f
UC for repay
ework could
compared t
that have be
e previously
lection i
ropy Me
selection in D
od produces
nly removes
ources. Furth
es selection
n via Ma
rogramm
a‐driven opt
recisely, this
next, provid
ents can mak
and, given i
gh the use of
ood with wh
proxy for the
e of making a
ules phone c
find that in a
yment pred
potentially l
to the incum
een in the co
answered c
in Data
easures
DEA using en
s a lower Ak
s redundant
her, it enable
n, entropy
achine
ming
imization of
paper cons
ded that the
ke. We appr
its intractab
f state‐of‐th
hich a debtor
e value func
additional ph
calls based o
a holdout sam
ictions, and
ead to a ten
mbent policy.
ollection pro
alls or conta
s
ntropy theo
kaike informa
information
es to choose
theory, Ak
f the
iders
debt
oach
bility,
e‐art
r in a
ction,
hone
on all
mple
that
‐fold
. The
ocess
acted
ry to
ation
, but
e the
kaike
Ses
Siz
Of
Wen
NUS
Zhen
NUS
This
Stac
resp
has
by a
vary
cond
prop
Keyw
All
Zhi C
Dep
Nati
This
endo
Two
wide
two
man
diffe
to c
alloc
the
esta
Keyw
coop
ssion 4F –
ze Matte
ffer Size
njie Tang
S Business Sc
nyu Hu
S Business Sc
s paper add
ckelberg gam
ponder with
to respond t
a “reservatio
y from an ex
ditions. Fina
poser’s dispo
words: dead
location
Chen, Zheny
partment of A
ional Univers
s paper cons
owed with a
o allocations
ely studied s
allocations
ny properties
erent angle‐a
characterize
cation Loren
two allocat
ablishing Lore
words: cost
perative gam
Inventory
ers, So
e and Of
chool and Ins
chool
dresses the
me involving
a deadline, a
to the propo
n value polic
xploding off
lly, we anal
osal.
line, explodi
n Inequa
u Hu, Qinshe
Analytics & O
sity of Singap
siders the p
n input, sha
s‐average co
solution con
can be respe
s that are de
allocation ine
allocation i
nz dominates
tions are no
enz order ov
t sharing p
me
y Manage
Does Du
ffer Dea
stitute of Op
simultaneou
a proposer
and the resp
oser’s offer b
cy”. Taking t
fer to an off
yse cases w
ng offer, dyn
ality in C
en Tang
Operations, N
pore
problem of
res the outp
ost pricing a
cepts to this
ectively char
eemed reaso
equality. We
inequality a
s (or is majo
ot always c
ver certain in
problem, av
ement II
uration
adline
erations Res
us determin
and respond
ponder, conc
by the deadli
his into acco
fer with ext
where only t
namic progra
Cost Sh
NUS Business
cost sharing
ut cost incur
and the Sha
s problem. It
racterized by
onable. We s
e use the par
nd we deriv
rized by) the
comparable
nput vectors,
verage cost
: A Joint
search and A
nation of of
der. The pro
currently sea
ine. We capt
ount, the pro
ended dead
he offer dea
amming, Sta
aring Pr
s School,
g, in which
rred from th
apley value‐
t is well kno
y different se
seek to bridg
rtial order: Lo
ve simple c
e other. Exam
by Lorenz
maybe of in
pricing, Sh
t Optim
Analytics
ffer size an
oposer make
arching for a
ture the resp
oposer’s opti
dline under
adline or off
ckelberg gam
roblem
a coalition
e total input
are arguably
wn in the lit
ets of axiom
ge the two a
orenz order
conditions u
mples are giv
order. Our
ndependent
hapley valu
mization
d deadline
s an offer to
lternative of
ponder’s stra
imal strategy
different ma
fer size is at
me
of agents,
ts of the coal
y the two m
terature that
s and they s
llocations fro
(or majoriza
nder which
ven to show
proof, buil
interest.
e, majoriza
of
in a
o the
ffers,
ategy
y can
arket
t the
each
lition.
most
t the
share
om a
tion)
one
that
t on
ation,
Dy
for
Zhan
City
Com
mat
dyna
stor
unce
price
und
hedg
Keyw
Po
Xian
The
Xin C
Univ
Zhen
Nati
Prev
gam
core
exist
conc
alloc
new
Keyw
mon
ynamic F
r Storab
n Pang
University o
mmodity risk
erial comm
amic financi
able commo
ertain dema
e risk. We ch
er both van
ges interplay
words: Comm
opulatio
ngyu Gao
Chinese Uni
Chen, Qiong
versity of Illin
nyu Hu
ional Univers
vious studies
me, which en
e does not
ting membe
cept of pop
cated to eve
wsvendor gam
words: coop
notonicity
Financia
ble Com
of Hong Kong
managemen
odity prices
al hedging a
odity from
and while ac
haracterize t
illa hedge a
y to shed new
modity risk, f
on Mono
iversity of Ho
Wang
nois at Urban
sity of Singap
s on cost allo
nsures the st
necessarily
rs' allocated
pulation mo
ery member
me.
erative game
al Hedg
mmodity
g
nt remains a
s. We prese
and inventor
spot marke
ccessing the
he optimal r
and exotic h
w light into c
financial hed
otonicit
ong Kong
na‐Champaig
pore
ocation for a
tability of th
guarantee t
d costs may i
onotonic allo
of a coalitio
e theory, new
ing and
y: A Time
a major chall
ent a time‐c
ry managem
et and proce
financial de
replenishme
edge and in
commodity r
dging, invent
y in New
gn
a newsvendo
he grand coa
the unhinde
ncrease whe
ocation sche
on to decrea
wsvendor ga
Invento
e‐Consi
enge in supp
consistent a
ent strategy
esses it into
erivatives m
nt policy and
nvestigate ho
risk managem
tory manage
wsvend
or game have
alition. Yet, a
ered formati
en new mem
eme (PMAS
ase as the c
ame, invento
ory Man
stent A
ply chains fa
approach to
y for a firm t
o an end p
arkets to he
d financial he
ow inventor
ment.
ment
dor Gam
e focused on
an allocation
ion of a co
mbers are ad
S), which re
coalition gro
ory centraliza
nageme
pproach
acing volatile
integrating
that purchas
product to m
edge against
edging strate
ies and fina
mes
n the core o
n that lies in
alition, as s
ded. We use
equires the
ws, to study
ation, popula
ent
h
e raw
g the
ses a
meet
t the
egies
ncial
f the
n the
some
e the
cost
y the
ation
Ses
A N
Ma
Any
Nav
Qi W
Wea
We
cons
not
case
cont
whe
cont
part
Keyw
Com
Th
Shou
Nav
Hare
Scho
A m
retu
(refe
dem
retu
In co
pote
iden
Keyw
ssion 4G –
Note on
anagem
an Qi, Milind
een Jindal Sc
Wu
atherhead Sc
study the co
sisting of mu
observable.
e when they
tinuously du
en the enti
tractors' effo
ty's expected
words: Pro
mpletion Tim
he Inform
uqiang Wang
een Jindal Sc
esh Gurnani
ool of Busine
manufacturer
urn price. Th
erred to as
mand potent
urn risk is con
ontrast, whe
ential offers
ntified as a re
words: Buy‐b
– Mechani
n Optim
ment
d Dawande, G
chool of Man
chool of Man
ontract‐desig
ultiple tasks,
We study t
y have to b
uring the cou
re project
ort‐level dec
d discounted
oject Manag
es
mationa
g, Upender S
chool of Man
ess, Wake Fo
r offers a re
he manufact
the likeliho
ial (referred
ncerned, the
en the deman
s higher wh
esult.
back Contrac
ism Desig
mal Incen
Ganesh Jana
nagement, T
nagement, C
gn problem
, each perfo
he case whe
be performe
urse of their
is complete
isions are al
d profit.
gement, Co
al Role o
Subramaniam
nagement, T
orest Univers
etailer a buy
turer has pr
ood that the
d to as the
e less risky m
nd potential
holesale and
ct, Signaling,
n I
ntive Co
akiraman
he Universit
ase Western
faced by a f
ormed by an
en these tas
ed sequenti
r tasks, the f
ed. The firm
l governed b
ontract Des
of Buy‐B
m
he Universit
sity
y‐back contr
roprietary in
e return cla
probability
anufacturer
is concerned
d return pr
Return Risk,
ontracts
y of Texas at
n Reserve Un
firm/organiza
individual c
ks can be pe
ally. While
firm realizes
m's contract
by the goals
sign, Unob
Back Co
y of Texas at
ract specifyi
nformation a
ause will be
of high dem
offers lower
d, the manu
rices. A nov
, Demand
s in Proj
t Dallas
niversity
ation for exe
contractor w
erformed in
the contrac
s its reward
t‐design de
of maximizin
servable Ef
ontracts
t Dallas
ng a wholes
about either
honored) o
mand realiza
r wholesale a
facturer with
vel signaling
ect
ecuting a pro
whose efforts
parallel and
ctors incur c
or revenue
cisions and
ng the respe
ffort, Unce
sale price a
r her return
or the prod
tion). When
and return p
h higher dem
g mechanis
oject
s are
d the
costs
only
the
ctive
rtain
nd a
n risk
uct’s
n the
prices.
mand
m is
An
Joh
Yang
CUH
Mili
Nav
This
add
mar
to th
we
Equ
rule
Keyw
Th
Ch
Siro
Scho
Den
Scho
Rad
Scho
Yimi
Colle
We
mec
outc
pric
we f
her
choi
pred
Keyw
nalysis o
hnson e
g Bo
HK Business S
nd Dawande
een Jindal Sc
s paper is m
resses an o
rket where sc
he provider,
show that e
ilibrium und
can lead to
words: Scrip
he Effect
haracter
ng Luo
ool of Statist
gpan Liu
ool of Econo
ha Mookerje
ool of Manag
in Ye
ege of Busin
empirically
chanism and
comes of on
ing mechani
find that wh
creditworth
ice of the
dictors of def
words: Onlin
of Scrip
et al. (20
School, The C
e, Ganesh Jan
chool of Man
motivated by
pen questio
crips play the
who in turn
everybody in
er the minim
a high level
Systems, Alw
ts of Au
ristics in
tics and Man
mics and Ma
ee
gement, The
ess, Iowa Sta
investigate
d its interact
line microlo
sm, as well a
ile a borrow
hiness, her g
auction me
fault risk and
ne P2P lendin
System
014)
Chinese Univ
nakiraman
nagement, T
y the analy
on in their p
e role of rea
n can “purch
n the system
mum‐scrip‐se
of social wel
ways‐trade S
ction Pr
n Online
agement, Sh
anagement, T
e University o
ate Universit
e the effect
tion with th
an markets.
as her group
er’ social frie
group affilia
chanism an
d credit loss.
ng, Auction P
s: On an
versity of Ho
he Universit
sis of scrip
paper. A scr
l currency –
hase” service
m being alw
ervice‐provid
lfare.
Strategy, Min
ricing M
e Microl
hanghai Univ
Tsinghua Un
of Texas at D
ty
t of borrow
e effect of
We show th
p affiliation, e
endship info
tion may se
d borrower
.
Pricing Mech
n Open
ng Kong
y of Texas at
systems in
rip system r
the benefici
es using scri
ays willing t
der‐selection
nimum‐scrip
Mechani
oan Ma
versity of Fin
niversity
Dallas
wers’ select
borrowers’
hat a borrow
exhibits an a
rmation may
end a mislea
s’ social ch
hanisms, Soci
Questio
t Dallas
Johnson et
refers to a
iary of a serv
ps. Under m
to provide s
n rule. This s
p Rule, Nash
sms and
arket
ance and Eco
ion of the
social chara
wer’s choice
dverse selec
y serve as a
ading signal
haracteristics
ial Character
on in
t al. (2014)
resource‐sha
vice “pays” s
mild assumpt
service is a N
suggests that
Equilibrium
d Social
onomics
auction pr
cteristics on
of the borro
ction effect. A
positive sign
. Moreover,
s serve as g
ristics
and
aring
crips
ions,
Nash
t this
l
ricing
n the
ower
Also,
nal of
, the
good
Ses
Fin
Qu Q
Scho
Min
Rotm
S. Al
Lond
We
The
liqui
than
supp
a low
the
reve
Keyw
inte
Ris
Pro
Qiul
Lanc
Zhan
City
Cum
weig
desc
pape
trad
dow
dow
We
mom
Keyw
Risk
ssion 4H –
nancial
Qian
ool of Busine
g Hu
man School o
lex Yang
don School o
study a supp
embedded
idity buffers
n the buyer
plier’s cost fo
w‐cost finan
buyer has
erse factoring
words: Trade
rface
sk Avers
ospect T
in Yang, Jam
caster Unive
n Pang
U
mulative Pros
ghting funct
cribing indivi
er aims to b
deoff betwee
wnside risk av
wnside risk a
also discus
ment.
words: Decis
k Aversion
– OM‐Fina
Pooling
ess, Singapor
of Managem
of Business
ply chain in w
stretch opt
. Due to this
r’s, trade cr
or collecting
cing channe
a more dive
g further enh
e credit, poo
sion, Do
Theory
mes Huang
rsity
spect Theor
tions, challe
iduals' choic
bridge CPT a
en overall r
version pers
version are
s downside
sion making
ance Interf
g in A Su
re University
ment, Univers
which the bu
tion of trade
s pooling effe
redit can be
trade credit
l when facin
ersified supp
hances the e
oling, reverse
ownside
ry (CPT), fea
enges the p
e behavior u
nd EUT by p
isk (variance
pectives in C
measured b
risk measu
under risk; C
face I
upply Ch
y of Social Sc
sity of Toron
uyer uses tra
e credit allo
ect, even as
e more effic
t is low or w
g liquidity sh
plier portfol
efficiency of t
e factoring,
e Risk A
atured by S‐
predominanc
under risk. Us
providing a c
e) and dow
CPT paradigm
by absolute r
ures like low
Cumulative P
hain
iences
to
ade credit to
ows supply c
the supplier
cient than c
hen the supp
hocks. The be
io. As an in
this pooling
supply chain
Aversion
‐shaped valu
ce of Expect
sing stochas
choice‐theor
nside risk fr
m where the
risk aversion
wer partial
Prospect The
o purchase fr
chain partne
r’s financing
cash on de
plier does no
enefit of poo
nnovative fin
effect.
n finance, op
n and Cu
ue functions
ted Utility T
tic dominanc
retic charact
rom both ri
degrees of
n and pruden
moments a
ory; Downsid
rom the supp
ers to pool
costs are hi
livery when
ot have acce
oling increase
nancing sche
perations‐fin
umulativ
s and proba
Theory (EUT
ce approach
terization for
isk aversion
risk aversion
nce respecti
nd third ce
de Risk Aver
plier.
their
igher
the
ess to
es as
eme,
ance
ve
bility
T) in
, our
r the
and
n and
ively.
ntral
sion;
Qu
De
Ehsa
Chin
We
prod
entr
cam
sign
onlin
spot
eno
proj
char
alwa
sign
whe
mar
A P
Harr
Univ
Sam
INSE
We
inte
fixed
know
the
the
hedg
Keyw
man
uality Si
esign
an Bolandifa
nese Univers
study an en
duct quality
repreneur co
mpaign. We s
aling, the en
ne platform.
t prices at th
ugh to signa
ect success
rging lower
ays signal pr
aling are po
en the gap in
rket size is no
Perfect
ry Groeneve
versity of Ro
meer Hasija
EAD Singapo
consider a
rnational ve
d in advance
wn. We show
presence of
constraints
ge the excha
words: Sup
nagement; G
gnaling
r
ity of Hong K
ntrepreneur'
to the crow
ontinues to
study two si
ntrepreneur
. In two‐pric
he beginning
al project qua
in the fund
prices. We
roject quality
ossible, we sh
n high and lo
ot small com
Financi
lt
chester
re
manufactur
ndors. Total
e, but purch
w how the m
f constraints
have a sub
ange rate risk
pply chain
lobal operat
g throug
Kong
s strategy in
d. There are
sell to spot
gnaling mec
posts a fun
ce signaling,
g of the cam
ality; the spo
ding period
also show t
y to potentia
how that tw
w quality lev
pared with t
al Hedg
rer who has
quantity to
hased quant
manufacture
(e.g. due to
bmodular st
k of selling in
manageme
tions manage
gh Crow
n a reward‐b
e two period
customers
chanisms: on
nding price a
the entrepr
paign. We sh
ot selling op
allow the
that commit
al campaign
wo‐price sign
vels is neithe
the spot peri
ge for Ce
s the real o
be procured
tities are on
r can perfect
o capacities)
tructure. Sim
nto several in
nt; Interfac
ement
d‐fundi
based crowd
ds: the fundi
only after r
ne‐ and two‐
alongside a
reneur comm
how that jus
portunity an
entrepreneu
ment to a h
funders. Wh
aling domina
er large nor s
iod market s
ertain R
ption of pu
d as well as
ly determin
tly hedge th
on the purc
milarly, the
nternational
ce between
ng Cam
d‐funding ca
ng and the s
running a su
‐price signal
target finan
mits to both
st the fundin
nd the proba
ur to signal
higher future
hen both on
ates one‐pri
small and th
size.
Real Opt
rchasing pa
prices in loc
ed once exc
e exchange
chased quan
manufactur
markets.
n OM and
mpaign
mpaign to s
spot periods
uccessful fun
ing. In one‐p
ncing level o
the funding
ng price migh
abilistic natu
quality thro
e spot price
e‐ and two‐p
ce signaling
e funding pe
tions
rts from sev
cal currencies
change rates
rate risk, eve
ntities, as lon
er can perf
d Finance;
ignal
; the
nding
price
n an
g and
ht be
re of
ough
e can
price
only
eriod
veral
s are
s are
en in
ng as
fectly
Risk
Ses
Ca
Ma
Qian
Kee‐
Dep
Rem
ope
cons
poss
peri
this
deci
The
Keyw
Try
Se
Yimi
Giri
The
onlin
“Try
hom
PFU
cons
deve
find
wor
incre
First
the
Spec
the
ope
large
mem
strat
relat
The
of C
mec
ssion 4I – G
n Carbo
anufact
ngfei Chai, Zh
‐Hung Lai
partment of L
manufacturin
rations. Car
sidered as a
sibility of a m
od. We deve
mechanism
isions. The re
carbon trad
words: susta
y‐Before
lf‐Mend
ing Li, Gang
K. Tayi: State
developmen
ne retailers
y‐Before‐You
me before bu
mitigation
sumers could
elop a parsim
CSM behav
ks as a Par
eased witho
t, we find th
operation c
cifically, TBY
operation co
ration cost i
e enough. Se
mbers’ surpl
tegy increas
tively low, th
comparison
CSM in TBY
chanism in its
Green Eff
on Cap a
turers?
hongdong Xi
Logistics and
g is an e
rbon cap an
burden for m
monopolistic
elop a math
is beneficia
esults show
ing price is e
ainable opera
e‐You‐B
ding
Li: Xi’an Jiaot
e University
nt of e‐comm
like Amazon
u‐Buy” (TBYB
uying, and r
mechanism
d mend bad
monious mod
viors interpla
eto improve
out reducing
e conditions
cost, produc
YB strategy is
ost is relativ
s relatively h
econd, we fin
us is increas
ses social eff
he product v
of the findi
YB strategy,
s own right.
forts and C
and Tra
ao: School o
Maritime St
nvironmenta
nd trade m
manufacture
c manufactur
hematical mo
al for the ma
that carbon
effective on q
ations manag
Buy Stra
tong Univers
of New York
merce is inte
n and Warb
B) strategies w
return bad f
m based on
fit products
del to invest
ay with TBYB
ement mech
customer s
s for the reta
ct value, an
s viable if: 1
vely high, the
high and the
nd TBYB stra
sed when th
ficiency with
value is relat
ngs between
and indirec
Channel M
de Mec
of Manageme
tudies, The H
ally friendly
mechanism a
ers in previo
rer to make
odel to deriv
anufacturer,
cap and tra
quelling carb
gement, carb
ategy wi
sity
k at Albany
erfered by p
by Parker ar
with which c
it products
customer s
to gain prop
igate the TBY
B strategy. W
hanism for t
urplus. With
ailer to adopt
nd the scale
) the operat
e product va
e product val
ategy reduce
here’re enou
h higher soc
tively high, a
n cases with
ctly implies
Manageme
chanism
ent, Xi’an Jia
Hong Kong Po
y and prof
aimed at re
us studies an
profits unde
ve the favora
and obtain
de can be va
bon emission
bon cap and
ith Cust
product fit u
e trying to
consumers c
hassle‐freely
self‐mending
per fit at the
YB strategy f
Without CSM
the society
h CSM, TBYB
t TBYB strate
e of membe
tion cost is r
alue is relativ
lue is relativ
es customer s
gh member
cial welfare o
and the mem
and without
that CSM
ent
m be Ben
otong Unive
olytechnic U
itable way
educing carb
nd practices
er this mech
able conditio
the manufa
aluable for r
n.
trade, rema
tomer
ncertainty (
overcome P
ould try mul
y. We also c
g(CSM) beha
ir own cost.
for an online
, we find th
since the re
B strategy is
egy is critica
ers who use
relatively low
vely high; or
ely low, the
surplus in av
s in the mar
only if the o
mber scale is
t CSM shows
is a useful
neficial f
ersity
University
for produc
bon emissio
. We explore
anism in a s
ons under w
acturer’s opt
remanufactu
anufacturing
PFU), pionee
PFU problem
ltiple produc
consider ano
aviors by w
In this study
e retailer, an
at TBYB stra
etailer’s pro
totally diffe
lly dependin
e TBYB opt
w; or 2) altho
r 3) although
member sca
verage, excep
rket. Third, T
operation co
s relatively s
s the import
PFU mitiga
for
ction
on is
e the
ingle
which
timal
uring.
ering
ms by
cts at
other
which
y, we
d we
ategy
fit is
rent.
ng on
ions.
ough
h the
ale is
pting
TBYB
ost is
mall.
ance
ation
Keyw
Ac
Dir
Tw
Jingz
Scho
In th
two
welf
price
diffe
choi
prod
pass
that
subs
envi
Keyw
theo
Ho
fro
Yong
Xi’an
Now
good
to g
the
mar
man
mar
prof
Keyw
words: “Try‐
ctive or
rect‐cha
wo Type
zhe Gao, Zho
ool of Manag
his paper, we
types of g
fare. Our res
e for the pr
erent enviro
ice from the
duct green
sively. Then,
t governmen
sidy is sign
ironment, m
words: supp
ory, environm
ow Muc
om Gray
g Zhang, She
n Jiaotong U
wadays globa
ds from auth
gray markets
role of Mon
rkets. We s
nufacturer an
rket plays th
fit function m
words: Mone
Before‐You‐
Passive
annel G
es of Gre
ongdong Xiao
gement, Xi’a
e consider a
reen produc
search derive
oducts and
onmental po
e comparison
degree acti
we conduct
nt setting th
ificant. We
anufacturer
ly chain man
mental prote
h can M
y Marke
eng Hao Zhan
niversity
al companie
horized chan
s mainly focu
ney Back Gu
show that w
nd the paral
e major role
may decrease
ey Back Gua
Buy” Strateg
? Susta
reen Su
een Pro
o
n Jiaotong U
direct‐chann
cts under g
es the closed
obtains the
olicies. By co
n between t
ively or acc
t some sens
he product
point out
and consum
nagement, go
ection policy
MBG Hel
ets?
ng
es are increa
nnels to gray
uses on prici
arantee (MB
when MBG
lel importer
e in attacking
e with its sat
rantee, Gray
gy, Customer
inable M
upply Ch
duct De
University
nel supply ch
overnment
d form soluti
strategies fo
onsidering s
the two case
cepts the gr
itivity analys
green stan
that with g
mer can also
overnment i
lp Mana
asingly challe
y markets. W
ing, in this p
BG) as non‐p
s are profi
to offer MB
g gray marke
tisfaction rat
y Market, Par
r Self‐mendin
Manufa
hain: A P
esign
hain model w
intervention
ons to the o
or governme
six scenarios
es in which m
reen standa
ses. The resu
dard and p
government
benefit from
ntervention,
age the
enged by pa
While the ex
paper we dev
pricing mech
table, it is
BG. Manufact
ets. Interest
te.
rallel Import
ng, Product
cturing
Perspec
with manufa
ns aiming to
ptimal tax, g
ent and man
s, our mode
manufacture
ard set by t
ults of this r
roviding ma
paying mo
m it.
, green prod
Compe
arallel impo
isting literat
velop a mod
hanisms for c
Nash equi
turer’s MBG
ingly, the pa
tation, Chann
Fit Uncertain
in
ctive of
cturer produ
o improve s
green degree
nufacturer u
els get the
er determine
the governm
research ind
anufacturer
ore attentio
uct design, g
etition
rters who d
ure with res
del to investi
coping with
ilibrium for
G in the low‐p
arallel impor
nel Managem
nty
ucing
social
e and
nder
best
es its
ment
icate
with
n to
game
divert
spect
igate
gray
the
price
rter’s
ment
Ses
Pri
Ping
Scho
This
cust
serv
serv
dela
the
add
price
distr
stab
equ
pric
soci
soci
can
Keyw
Ma
Co
Don
Univ
Amy
Univ
Mos
fixed
serv
stud
cond
on t
in st
Keyw
ssion 4J –
iority Se
g Cao, Yaolei
ool of Manag
s paper stud
tomers with
ver and two
ved with prio
ay or unit de
customer m
itional price
e, and find t
ribution of c
bility of the
ilibrium by s
ing problem
al welfare
al‐welfare‐m
lead to com
words: Prior
any‐Ser
ost
ngyuan Zhan
versity Colleg
y R. Ward
versity of Sou
st common q
d rates. How
vice speed in
dy the symm
ditions on th
the server ut
taffing level.
words: Many
Stochasti
ervice P
Wang, Jingu
gement, Univ
dies the prio
heterogene
queues: a fa
ority. Custom
lay cost), wh
must decide
will be cha
hat there m
customers' c
ese equilibri
setting a pro
m with the o
e, and gi
maximizing p
pletely diffe
ity service, p
rver Equ
ge London
uthern Califo
queueing mo
wever, real‐li
n response t
metric equilib
he staffing le
tility function
y‐server que
c Models
Pricing w
ui Xie
versity of Sc
ority service
ous delay se
ast track and
mers have h
hich follows
which queu
rged. We di
ight be mult
cost of dela
a and show
oper initial d
bjective of m
ive a ch
rices. Our re
rent pricing s
pricing; cost o
uilibria w
ornia
odels used fo
ife service sy
to their com
brium service
evel when th
n. The equili
ue, equilibri
and Queu
with Het
ience and Te
e pricing pro
ensitivity. We
d a regular t
heterogeneo
a general dis
ue to join. I
scuss the cu
tiple equilibr
y. More imp
w that the
delay annou
maximizing
haracterizatio
esults show
strategies fo
of delay, del
with Ser
or service sy
ystem are st
mpensation in
e rate(s) in a
here is a uniq
brium servic
um service r
ueing II
terogen
echnology of
oblem of a
e consider a
track. Custom
ous delay co
stribution. U
f the custom
ustomers' ch
ria, the numb
portantly, w
system can
ncement. W
the system's
on of th
that differen
or the service
ay announce
rver Effo
ystem design
taffed by pe
ncentives, ef
a large many
que or multi
ce rate could
rate, server u
neous Cu
f China
service sys
service syst
mers in the f
ost rate (also
Upon each cu
mer joins th
hoice behavi
ber of which
we give a ch
n always re
We also cons
s long run a
e profit‐m
nt cost‐of‐de
e system.
ement, equil
ort and
n assume the
eople, who m
ffort and idl
y‐server syst
ple equilibri
d be increasi
utility, idlene
ustome
tem that se
tem with a s
fast track w
o named co
ustomer's ar
he fast track
or under a f
h depends on
aracterizatio
each the lar
sider the opt
average prof
maximizing
elay distribut
ibrium
Idlenes
e servers wo
may change
leness costs
tem. We ide
a, which dep
ng or decrea
ess cost
rs
erves
ingle
ill be
st of
rival,
k, an
fixed
n the
on of
rgest
timal
fit or
and
tions
ss
ork at
their
. We
entify
pend
asing
Dy
Yuli
Dep
Zuo‐
Dep
Jing
Scho
Zhic
Lee
We
mus
sche
nam
whic
obje
Com
syst
Keyw
time
Ba
Zhih
Dep
Ping
Dep
This
class
stat
a ba
be r
que
is as
retr
Keyw
ynamic S
Zhang
partment of I
‐Jun Max She
partment of I
ui Xie
ool of Manag
chao Zheng
Kong Chian S
study system
st be re‐sche
edule all job
med Less‐Unc
ch are used
ectives inclu
mparison wit
em perform
words: Unce
e
alanced
heng Zhong, J
partment of D
g Cao
partment of M
s project stu
s of custome
ion he shoul
alanced rout
retrieved at
ue length pr
symptotically
ieval.
words: balan
Schedul
ndustrial Eng
en
ndustrial Eng
gement, Univ
School of Bu
ms with unce
eduled with
bs to minimiz
certainty‐Firs
d to develop
uding numb
th known be
ance under t
ertain job ty
Routing
Junfei Huang
Decision Scie
Managemen
dies a paral
ers, where u
ld be routed
ting policy, u
each routing
rocess under
y optimal in
nced routing,
ling wit
gineering, Ts
gineering an
versity of Sc
usiness, Singa
ertain job ty
more infor
ze the expec
st (LUF) poli
p heuristics
ber of mism
enchmarks s
three differe
ypes, schedu
g with M
g
ence and Ma
t Science, Un
lleled service
upon each cu
to, while th
under which
g epoch. By
r heavy traff
minimizing t
, fluid limit, d
h Uncer
singhua Univ
nd Operation
ience and Te
apore Manag
ypes, where
mation on i
cted makesp
icy when the
for more g
match and
shows that
ent objective
uling, less‐un
Many Se
nagerial Eco
niversity of S
e system wi
ustomer's ar
e station inf
only a rand
establishing
ic regime, w
the long‐run
diffusion lim
rtain Jo
versity
ns Research,
echnology of
gement Univ
a job assign
its type. The
pan. We obt
ere are two
general case
total sojou
our heuristi
es.
ncertainty‐fir
ervers
onomics, CUH
Science and T
ith multiple‐
rrival the sys
formation re
om number
g the fluid lim
we show that
average cos
it, heavy tra
b Types
University of
f China
versity
ed to a wro
e question i
tain the nea
types of job
es. We also
rn time in
ics significan
rst, makespa
HK Business S
Technology o
‐server statio
stem manage
trieval is cos
of stations'
mit and diffu
our propose
st of waiting
ffic
s
f California
ng‐type mac
s to dynami
r optimal po
bs, insights f
o consider o
the exten
ntly improve
an, total soj
School
of China
ons and a s
er decides w
stly. We cons
information
usion limit of
ed routing p
and informa
chine
ically
olicy,
from
other
sion.
e the
ourn
ingle
which
sider
n will
f the
policy
ation
Ses
Mo
Yanh
Scho
Alan
Tepp
Mat
med
base
alte
a st
solu
opti
to d
Keyw
aban
Sim
De
Yong
Dep
Kon
Jann
Scho
Colin
Acci
This
eme
ope
ope
to a
from
Keyw
ssion 5A –
odels fo
han Tang
ool of Econo
n Scheller‐W
per School o
ternity ward
dicine" and c
ed on price
rnate stocha
tatic model
utions. In th
mal in the H
etermine the
words: hea
ndonment, l
mulatio
epartme
g‐Hong Kuo
partment of
g
ny M.Y. Leun
ool of Scienc
n A. Graham
ident and Em
s talk presen
ergency depa
rations man
rations. We
aid decision‐
m the simulat
words: Emer
– Healthca
or Conge
mics and Ma
olf
of Business, C
congestion
closures. Rec
or health
astic models
using a Lev
e second ph
Halfin‐Whitt
e relative be
alth service
evel crossing
n Analy
ent Ope
Industrial an
ng
ce and Engine
m
mergency Me
nts our work
artment (ED
ager in the
will discuss
making. We
tion experim
rgency depar
are Operat
estion i
anagement, T
Carnegie Me
can lead to
cognizing tha
plan, health
for multi‐cla
vel Crossing
hase, we us
regime. We
enefit of dyna
e managem
gs, dynamic s
ytics of H
erations
nd Manufact
eering, The C
edicine Acad
k which use
) in Hong Ko
ED to asses
how simulat
will also pr
ments.
rtments, ope
tions III
n Mate
Tsinghua Un
llon Universi
o sub‐standa
at in many p
h history, c
ass capacity a
g method to
se dynamic
then compa
amic schedu
ment, mate
scheduling
Hospita
turing Syste
Chinese Univ
emic Unit, T
es simulation
ong. This sim
ss the impac
tion can be in
esent insigh
erations, sim
rnity In
niversity
ity
ard maternit
places mater
linical evide
allocation. In
o derive clo
control poli
are the perfo
ling.
ernity inpat
l Emerg
ms Engineer
versity of Ho
he Chinese U
n to analyze
mulation appr
ct of changes
ntegrated in
ts into man
ulation, sim
patient
ty services s
rnity service
ence, etc, w
n the first ph
sed‐form op
cies that ar
ormance of
tient ward,
gency
ring, The Un
ng Kong (She
University of
e patient flo
roach provid
s in the syst
to an optimi
aging ED op
ulation optim
Wards
such as "hal
is differenti
we compare
hase, we pro
ptimal alloca
re asymptoti
the two poli
, queues
niversity of H
enzhen)
f Hong Kong
ws in a hos
des a tool fo
tem on the
ization algor
perations der
mization
lway
iated
two
pose
ative
ically
icies,
with
Hong
spital
r the
daily
rithm
rived
Se
Hao
Sun
Mar
Texa
Moh
rem
resu
expe
re‐e
clini
stoc
dem
Keyw
Sche
As
Po
Shen
Anta
Yich
Saud
Insp
deve
prob
opti
serv
serv
expe
com
Key
quentia
lin Feng
Yat‐Sen Univ
rk Lawley
as A&M Univ
hs Micrograp
oves and ex
ults in patien
erience long
entrant. To im
c scheduling
chastic re‐e
monstrating t
words: Mo
eduling, Pati
symptot
olicy for
nghai Zhou, T
ai College of
uan Ding
der School o
pired by the “
elop a simp
blem. We es
mal schedul
vice duration
vice duration
eriments sh
mbinations.
Words: appo
al Clinic
versity
versity
phic Surgery
xamines one
nts re‐enteri
g waiting du
mprove patie
g. The mode
ntrants. Th
the efficiency
hs Microgr
ent Re‐entra
tic Optim
Appoin
Tim Huh, Gu
Economics a
f Business, U
“dome” patt
ler but effec
stablish the
e. And we p
ns. We also
ns and more
hows that
ointment sch
Schedu
y (MMS) is
e skin layer a
ng the servic
ue to the st
ent experien
el captures t
heoretical p
y improveme
raphic Surg
ant
mality o
ntment S
uohua Wan
and Manage
University of
ern of the op
ctive plateau
explicit gap
prove that th
extend thi
general sett
the platea
heduling, pla
uling wit
a surgical m
at a time un
ce queue on
tochastic na
ce and clinic
the key char
properties o
ent are prov
ery, Appoin
of Const
Schedu
ment, Shang
British Colum
ptimal sched
u policy for
p ratio boun
he plateau po
s asymptoti
ting, like no‐
u policy p
ateau schedu
th Patie
method for
ntil a cancer
n the same d
ature of laye
c revenues, w
racteristics o
of the sche
ided.
ntment Sch
tant Job
ling
ghai Jiao Ton
mbia
dule shown i
the traditio
ds between
olicy is asym
c optimality
shows and u
performs w
uling policy, a
ent Re‐E
skin cancers
r free layer
day. Current
er removals
we develop a
of the surger
eme and n
heduling, O
b‐Allowa
ng University
n the previo
onal appoint
the plateau
mptotical opt
y result into
unpunctualit
ell in vario
asymptotic o
Entrant
s. It sequen
is obtained.
ly patients o
s, pathology
a model for M
ry‐pathology
numerical s
utpatient C
ance
us literature
ment sched
u policy and
imal for the
o piecewise
y. The nume
ous parame
optimality
tially
This
often
and
MMS
y and
study
Clinic
, we
uling
d the
i.i.d.
i.i.d.
erical
eters
Ses
A M
Pro
Lijun
Dali
The
is a
simu
bala
a Sp
Assi
Expe
To p
and
Keyw
Bi‐o
Fle
Sy
De
Se
Beat
MIT
Sync
emb
cert
test
have
good
do n
are
Keyw
Capa
ssion 5B –
Modifie
oblem w
n Sun, Haiya
an University
Multi‐Trip V
a variant o
ultaneously o
ance objectiv
plit represen
gn procedu
eriments bas
prove its abi
some mana
words: Mu
bjective
exibility
nchrom
evelopm
rvice Pr
triz Acero, M
‐Zaragoza Lo
chromodality
brace synchr
ain dynamic
ed to increa
e empirically
ds manufact
not only crea
required ant
words: Log
abilities, Em
– Logistics
ed NSGA
with Wo
ng Shi, Xiang
y of Technol
Vehicle Rout
of the Mult
optimized. O
ve among dr
ntation for in
re is propo
sed on Solom
lity to deal
gement sugg
lti‐Trip Veh
y and Vis
modal an
ment of
roviders
María Jesús S
ogistics Cente
y is seen as
romodality,
c capabilitie
se resilience
y analyzed
turer and ana
ate resiliency
tecedent in t
istics Mana
pirical studie
and Trans
A‐II for t
orkload
gpei Hu
ogy
ing Problem
ti‐Trip Vehi
One is the tra
ivers. We pr
ndividuals to
osed for tur
mon’s bench
with real‐wo
gestions are
hicle Routin
sibility a
nd Resil
Dynam
s
áenz
er
the natural
logistics an
s such as v
e in the supp
the Europea
alyze how th
y and increa
the developm
agement, S
es in the serv
sportation
the Mul
Balanc
m with Workl
cle Routing
aditional cost
ropose a Mo
o address th
rning the in
hmark demo
orld complex
concluded.
ng Problem
as Ante
ient Ne
ic Capab
evolution of
d transporta
visibility and
plier‐buyer d
an logistics
he level of vis
ase the overa
ment of sync
Supply Chai
vice and ope
n II
lti‐Trip V
ing
load Balanci
g Problem
t objective a
odified NSGA
his problem.
ndividuals of
nstrate the e
x problem, a
m, Workload
cedents
tworks:
bilities w
f supply chai
ation compa
flexibility.
dyad. Using
network of
sibility and in
all performa
chromodal va
n Managem
erations man
Vehicle
ng investigat
where two
and the othe
A‐II algorithm
An efficient
f population
effectiveness
a practical e
d balance,
s in
: the Eff
with Lo
n. However,
anies first n
Capabilities
a survey‐bas
a leading g
ntegration am
ance of the s
alue network
ment, Resil
agement
Routing
ted in this p
objectives
r is the work
m integrated
t two‐stage
n into solut
s of the met
xample is te
NSGA‐II, S
fect of t
gistics
, in order to
need to dev
that have b
sed research
global consu
mong compa
supply chain
ks.
ience, Dyn
g
paper
are
kload
with
Split
ions.
thod.
ested
Split,
the
fully
velop
been
h, we
umer
anies,
, but
amic
A S
Ach
Dep
We
betw
airp
strat
show
the
equ
cons
Keyw
Ses
Cre
Pro
Lu W
Scho
Shan
Min
Rotm
As c
mor
serv
subs
bun
alloc
exam
Keyw
Slots vs
im I. Czerny,
partment of L
consider a t
ween pricing
ort profits o
tegies in the
w that the e
sum of the
ilibrium slot
sidered as su
words: Airpo
ssion 5C –
eated U
oducts
Wang
ool of Intern
nghai Univer
g Hu
man School o
consumer bu
re and more
vices. Subscr
scription se
dle them fo
cated accor
mine the inc
words: Subsc
. Pricing
Hao Lang
Logistics and
three‐city ai
g and slots
or attach a ze
e first case, w
equilibrium p
welfares o
t quantities
ubstitutes by
orts, slots, co
OM‐Mar
Unequal
ational Busin
rsity of Finan
of Managem
uying habits
companies
ription prov
rvice provid
r the price o
rding to the
entive comp
cription, Bun
g Game
Maritime St
irport netwo
policies to
ero value to
while slots ar
prices are ex
f all jurisdic
can reach th
y passengers
ongestion pri
keting Int
: Bundl
ness Adminis
nce and Econ
ment, Univers
are trendin
are jumping
viders such
der) crowds
of one. The
e realized c
patibility of d
ndling, Reven
when R
tudies, Hong
ork where lo
manage ow
airport prof
e weakly do
xcessive rela
ctions) in th
he first‐best
.
icing, local go
terface V
ing with
stration,
nomics
sity of Toron
g toward m
g into the in
as Spotify,
ource prod
collected su
contributions
different part
nue Sharing
Routes a
g Kong Polyte
ocal governm
wn congestio
fits. Pricing p
minant strat
tive to first‐
e case of co
solution on
overnments,
h Crowd
to
ore simple a
novative bu
Netflix and
ucts/services
ubscription f
s by each
ties under va
Policy
are Sub
echnic Unive
ments indep
on. Governm
policies are w
tegies in the
‐best prices
ongestion p
nly if airline
, dominant s
dsource
and hassle‐f
siness mode
d OneGo (a
s from man
fees for the
crowdsource
arious bundli
stitutes
ersity
endently ch
ments may v
weakly domi
second case
(which maxi
ricing, while
connections
strategies
ed
free experien
el of subscrip
n all‐you‐ca
ny vendors
bundle then
ed product.
ing strategie
s
oose
value
inant
e. We
mize
e the
s are
nces,
ption
an‐fly
and
n are
We
s.
Wh
Pre
Yong
This
indu
prod
We
com
is pr
exist
dem
Keyw
Try
Se
Yimi
Giri
The
onlin
“Try
hom
PFU
cons
deve
find
wor
incre
First
the
Spec
the
ope
large
mem
strat
relat
The
of C
mec
Keyw
hen wil
eferable
gquan Li, Hu
s paper discu
ustries, yet th
duct. The nat
built Newsv
mpared these
referable. Ou
t, and also w
mand distribu
words: Cross
y‐Before
lf‐Mend
ing Li, Gang
K. Tayi: State
developmen
ne retailers
y‐Before‐You
me before bu
mitigation
sumers could
elop a parsim
CSM behav
ks as a Par
eased witho
t, we find th
operation c
cifically, TBY
operation co
ration cost i
e enough. Se
mbers’ surpl
tegy increas
tively low, th
comparison
CSM in TBY
chanism in its
words: “Try‐
l Bundli
e?
ua Xiao: Econ
usses the op
he retailer ha
tural questio
vendor mode
e optimal pro
ur research e
why such bun
ution and no
s‐industry bu
e‐You‐B
ding
Li: Xi’an Jiaot
e University
nt of e‐comm
like Amazon
u‐Buy” (TBYB
uying, and r
mechanism
d mend bad
monious mod
viors interpla
eto improve
out reducing
e conditions
cost, produc
YB strategy is
ost is relativ
s relatively h
econd, we fin
us is increas
ses social eff
he product v
of the findi
YB strategy,
s own right.
Before‐You‐
ing of C
nomics and M
ptimal decisi
as an option
on is whethe
els to derive
ofits, and dis
explains why
ndle product
rmal deman
undling, New
Buy Stra
tong Univers
of New York
merce is inte
n and Warb
B) strategies w
return bad f
m based on
fit products
del to invest
ay with TBYB
ement mech
customer s
s for the reta
ct value, an
s viable if: 1
vely high, the
high and the
nd TBYB stra
sed when th
ficiency with
value is relat
ngs between
and indirec
Buy” Strateg
ross‐Ind
Management
on of a reta
of selling th
r the retaile
e optimal qu
scussed the c
y bundle pro
ts are not po
d distributio
wsvendor mo
ategy wi
sity
k at Albany
erfered by p
by Parker ar
with which c
it products
customer s
to gain prop
igate the TBY
B strategy. W
hanism for t
urplus. With
ailer to adopt
nd the scale
) the operat
e product va
e product val
ategy reduce
here’re enou
h higher soc
tively high, a
n cases with
ctly implies
gy, Customer
dustry P
t School, Wu
ailer who se
he bundle of
r is willing to
uantities and
circumstance
oducts of two
opular. Nume
on supports o
odel, New pro
ith Cust
product fit u
e trying to
consumers c
hassle‐freely
self‐mending
per fit at the
YB strategy f
Without CSM
the society
h CSM, TBYB
t TBYB strate
e of membe
tion cost is r
alue is relativ
lue is relativ
es customer s
gh member
cial welfare o
and the mem
and without
that CSM
r Self‐mendin
Product
uhan Univers
lls two prod
these two p
o sell the new
profits of d
es where the
o entirely dif
erical analys
our results.
oduct introd
tomer
ncertainty (
overcome P
ould try mul
y. We also c
g(CSM) beha
ir own cost.
for an online
, we find th
since the re
B strategy is
egy is critica
ers who use
relatively low
vely high; or
ely low, the
surplus in av
s in the mar
only if the o
mber scale is
t CSM shows
is a useful
ng, Product
s be
ity
ducts of diffe
roducts as a
w product or
different cho
e bundle pro
fferent indus
is under unif
uction
PFU), pionee
PFU problem
ltiple produc
consider ano
aviors by w
In this study
e retailer, an
at TBYB stra
etailer’s pro
totally diffe
lly dependin
e TBYB opt
w; or 2) altho
r 3) although
member sca
verage, excep
rket. Third, T
operation co
s relatively s
s the import
PFU mitiga
Fit Uncertain
erent
new
r not.
oices,
oduct
stries
form
ering
ms by
cts at
other
which
y, we
d we
ategy
fit is
rent.
ng on
ions.
ough
h the
ale is
pting
TBYB
ost is
mall.
ance
ation
nty
Th
Co
Shiq
Mon
Kaiji
The
Cou
redu
stud
Keyw
Ses
Th
Re
No
Pe
Siyu
Baof
Qian
Xian
Usin
syst
chai
chan
from
syst
cust
and
indic
relat
Keyw
syst
he Role o
ounterfe
qing Yao
nash Univers
ie Zhu
Chinese Uni
nterfeits cau
ucing custom
dy the role of
words: coun
ssion 5D –
he Effect
elationsh
on‐Struc
erforma
u Li: Hong Ko
feng Huo: Zh
ng Zhou: Hon
nde Zhao: Ch
ng the exten
em connect
in performa
nnels, custom
m 622 manuf
em connect
tomer relatio
non‐structu
cate that th
tionship com
words: Struc
em connecti
of Antic
eit Prod
sity
iversity of Ho
use tremend
mer's willingn
f anticounte
terfeits, anti
– Supply C
t of Info
hip Com
ctured I
nce: An
ng Polytechn
hejiang Unive
ng Kong Shue
ina Europe I
ded resourc
tivity and re
nce (SCP). A
mer IS is div
facturers in
tivity is posi
onship comm
ured IS pos
he impact of
mmitment on
ctured inform
ivity, Relatio
counterf
ucts
ong Kong
ous damage
ness to pay.
rfeit technol
icounterfeit t
Chain Man
ormatio
mmitme
nforma
n Extend
nic Universit
ersity
e Yan Univer
nternationa
ce based view
lationship co
According to
ided into str
mainland Ch
tively relate
mitment only
sitively influ
f interaction
n SCP is signi
mation shari
nship comm
feit Tec
es to brand c
In this paper
ogy in comb
technology,
nagement
n Syste
ent on St
tion Sh
ded Reso
y, Zhejiang U
rsity
l Business Sc
w, this study
ommitment
o the chara
ructured and
hina and Tai
ed to both s
y positively i
ence SCP.
n of custome
ficantly nega
ng, non‐stru
mitment, Supp
hnology
companies b
r, we develo
bating counte
law enforce
III
m Conn
tructure
aring an
ource B
University
chool
y investigate
on informa
cteristics of
d non‐struct
wan, we find
structured a
impacts unst
Hierarchical
er informati
ative.
uctured infor
ply chain per
y in Com
y eroding m
p a game‐th
erfeit produc
ment
nectivity
ed and
nd Supp
Based Vi
es the impac
tion sharing
f shared info
ured IS. Usin
d that custo
and non‐stru
tructured IS.
regression
ion system c
rmation shar
rformance
mbating
arket shares
eoretic mod
cts.
y and
ply Chai
iew
ct of informa
g (IS) and su
ormation an
ng date colle
omer informa
uctured IS, w
. Both struct
analysis re
connectivity
ring, Informa
g
s and
del to
n
ation
upply
nd IS
ected
ation
while
tured
esults
and
ation
OE
Ting
Nati
Chia
Nati
Hsia
The
This
loca
its b
offe
selli
beca
a co
Keyw
cont
Ga
Pro
Yu C
Scho
Gua
Scho
Supp
dece
mod
paym
adu
cann
paym
unad
incre
effe
incre
adu
are
para
Keyw
Mec
EM Selli
g‐Kai Chang
ional Taiwan
a‐Wei Kuo, K
ional Taiwan
ao‐Hui Lee
University o
s paper studi
l market for
brand buyer
rs the brand
ng channel.
ause of the e
ost for the OE
words: Dua
tracting
ame Ana
oduct A
Cao, Hanli Hu
ool of Busine
ngyu Wan
ool of Econo
plier adulter
entralized su
del with a b
ment mecha
lteration. Ou
not complet
ment mech
dulterated p
easing the c
ctively, whil
ease the co
lteration by
given to ve
ameters on t
words: supp
chanism
ng Chan
n University
wei‐Long Hu
n University
of Hong Kong
es how an O
r developing
that sells to
d a discount
We find tha
economy of s
EM’s channe
al selling c
alysis an
Adultera
u
ess, Central S
mics & Trade
ration can af
upply chain w
buyer as the
anism, inspe
ur analysis sh
tely deter th
hanism can
product is th
cost of the p
e the financ
ost of supply
decreasing i
erify the abo
the optimal d
lier adultera
nnels an
uang
g
OEM’s selling
countries. W
o the domes
t in exchang
at authorizing
scales. Such
el and a price
hannel, sus
nd Mec
ation Be
South Univer
e, Hunan Un
ffect the qua
with one sup
e leader. Co
ection mecha
hows that th
he suppliers
n. Productio
he main fact
product liabi
cing rate diff
y chain of s
nspection co
ove conclusi
decision and
tion, deferre
nd Supp
g channel ca
We consider
stic market
ge to produc
g the OEM s
insights are
e constraint f
stainable so
hanism
ehavior
rsity
iversity
ality and safe
pplier and on
omparing th
anism and t
he inspection
s from prod
on costs d
tor influencin
ility can redu
ferences bet
supplier to p
ost and trace
ons. We fur
profit.
ed payments
ply‐Chai
n enhance it
an OEM tha
and the inte
ce and sell p
selling chann
generally ro
from the bra
ourcing, sup
Choice
ety of final p
ne buyer and
e effect of
traceability m
n mechanism
uct adultera
difference
ng the three
uce the sup
tween the b
prevent adu
eability cost.
rther analyz
s, inspection
n Perfo
ts product ac
at manufactu
ernational m
products thr
nel can be a
obust even w
nd.
pply chain
s of Sup
product. This
d establish S
three mech
mechanism)
m and traceab
ation, where
between a
e mechanism
plier's adult
uyer and the
lteration. Bu
Finally, num
e the influe
mechanism,
ormance
ccessibility in
ures product
market. The O
rough the O
win‐win stra
when we cons
incentives
pplier
s paper stud
Stackelberg g
hanism (defe
on the sup
bility mecha
eas the defe
adulterated
ms. Furtherm
eration beha
e supplier w
uyer can re
merical examp
ence of diffe
, traceability
e
n the
ts for
OEM
EM’s
ategy
sider
and
ies a
game
erred
pplier
nism
erred
and
more,
avior
would
duce
ples
erent
y
“A
Im
Mon
The
capi
This
scru
inte
any
supp
Supp
Keyw
Ses
Dy
Va
Ying
Dep
L. Je
Dep
Busi
We
from
obse
peri
conf
polic
cum
Whe
take
the
cont
regr
requ
wor
sugg
unkn
Keyw
Regr
At any co
mplemen
nika Maria M
technolog
ital‐intensive
s longitudin
utinizes such
lligence for
cost; beta im
ply chain. Ba
ply Chain’s a
words: Innov
ssion 5E –
ynamic P
arying Co
g Zhong, Gua
partment of M
eff Hong
partment of E
iness, City Un
study a dyn
m period to
erved cost. T
od to maxi
fidence bou
cy to select
mulative regr
en the cost
es discrete v
expected cu
tinuous cost
ret grows in
uires a probl
se than the
gest to use t
nown.
words: Dyna
ret analysis
ost”? Di
ntation
Moehring: Te
ical uncert
e supply chai
al cross‐cas
an introduc
large‐scale a
mplementati
ased on this
acceptance le
vation, SCM,
Data‐Driv
Pricing w
ost
angwu Liu
Managemen
Economics a
niversity of H
amic pricing
period whi
The decision
imize the e
nd (UCB) po
the price. W
et grows in
alues in a fin
umulative reg
t, we also de
the order o
em‐depende
UCB‐like pol
the UCB‐like
amic pricing,
iagnosin
in the S
chnical Univ
ainties of
ins call for di
se study in
ction of a bl
automated d
ions may be
study, an ite
evels of Indu
Integrated S
ven Resea
with De
t Sciences, C
nd Finance a
Hong Kong
g problem w
ile the dem
n maker need
xpected cum
olicy for mu
When the co
the order of
nite set and
gret is upper
evelop a forc
of log T. In s
ent paramet
licy for reaso
e policy no m
, Multi‐arme
ng the A
Supply C
versity of Mid
integrated
ifferentiated
n the Germ
end of RFID
decision syste
brought to a
erative meth
ustry 4.0 imp
Services, Dig
arch II
emand L
College of Bu
and Departm
here the ob
and functio
ds to select
mulative pro
ulti‐armed b
ost varies co
f (log T)2, w
all prices ar
r bounded b
ced sampling
spite of havi
ter as an inp
onably large
matter wheth
ed bandit wi
Accepta
Chain
ddle Hesse in
Industry
d analyses by
man process
D, SNMP, Big
ems. Techno
a halt at any
odological fr
lementation
gitization, Ad
Learning
siness, City U
ment of Mana
served cost
n is unknow
a price from
ofit. Motiva
bandit proble
ontinuously,
where T is th
re optimal fo
y a constant
g (FS) policy
ing a slower
ut and its pr
T. Taking in
her the cost
th covariate
nce of I
n Friedberg
4.0 implem
y managers a
s and auto
g Data analyt
ologies are n
stage by an
ramework fo
ns is devised.
ded Value
g: The E
University of
agement Scie
at each sell
wn and inde
m a menu of
ated by the
em, we pro
we show th
e number o
or some cost
t for any T. F
whose expe
r asymptotic
ractical perfo
to account t
is continuo
es, Upper co
ndustry
mentations
and scholars
mation indu
tics and arti
not introduce
y member o
or diagnosing
Effect of
f Hong Kong
ences, Colleg
ing period v
ependent of
f K prices in
classical u
opose a UCB
hat the expe
f selling per
ts, we show
For the case
ected cumula
growth rate
ormance app
these factors
us or discret
onfidence bo
y
into
alike.
ustry
ficial
ed at
f the
g the
f
ge of
aries
f the
each
pper
B‐like
ected
riods.
that
with
ative
e, FS
pears
s, we
te or
ound,
Im
Ma
Qing
Ams
Taco
ORT
Reta
onlin
expe
web
cam
trac
HTT
volu
Keyw
Ide
Lea
Li Lu
Sich
Chro
and
stud
pati
app
Hea
Abso
Dec
mod
XGB
0.78
obta
anal
serv
Keyw
mproving
atching
gchen Wang
sterdam Bus
o Wijnsma
TEC Adscienc
argeting is a
ne custome
eriments ha
bsite visits an
mpaigns are li
king. In this
P cookies to
ume of retarg
words: Oper
entify H
arning
uo, Shuhao L
uan Univers
onic obstruct
affected 9.9
dy were to u
ents and ide
roaches wer
lth Survey d
olute Shrink
ision Tree), a
dels showed
Boost outper
88, 0.796, a
ains correct
lysts, policy
vices.
words: COPD
g Displa
: A Mac
iness School
ce
a highly effe
ers who hav
ve estimate
nd purchase
imited in vol
paper we d
o users, the
geting adver
rations‐mark
High‐Cos
Lian, Jialing L
ity
tive pulmon
9% of peopl
use machine
entify high‐c
re used to es
ata of a larg
age and Sele
and XGBoost
d good pred
rformed the
nd 0.797).
and reliable
makers, insu
D, high‐cost p
ay Adver
chine Le
ective strateg
ve already
ed that retar
s by over 17
lume due to
evelop a ma
ereby solving
rtisements th
eting interfa
st COPD
i, Yong Lei
ary disease
e over 40 y
learning ap
cost patients
stimate the m
ge city in wes
ection Opera
t (Extreme G
dictive perfo
others (the
The precisio
results. The
urers, and he
patients; hea
rtising W
earning A
gy of target
visited the
rgeting cam
7% and 10%
fragmentati
achine learni
g the fragme
hat can be se
ace, display a
D Patien
(COPD) is a l
ears of age
proaches to
s and (2) ran
medical costs
stern China.
ator), RF (Ra
Gradient Boo
ormances a
AUCs of LA
on and accu
results of th
ealthcare pla
althcare cost
With Pre
Approa
ting display
advertiser'
paigns can
respectively
ion of user in
ing framewo
ented user
erved by as m
advertising, m
ts Based
leading caus
in 2012 in C
(1) predict
nk the key p
s of COPD pa
The predict
andom Fores
osting). The r
nd high pre
ASSO, RF, GB
uracy results
his study can
anners to im
t; machine le
edictive
ch
advertiseme
s website.
increase an
y. Unfortuna
nformation f
ork to proba
problem an
much as 14.3
machine lear
d on Ma
se of morbid
China. The o
the number
predictors. M
atients from
ion models a
st), GBDT (G
results indica
edictive valu
BDT, and XG
s indicate t
n be used by
mprove the d
earning
e Device
ents to pote
Controlled
online reta
ately, retarge
from poor o
bilistically m
d increasing
3%.
rning
achine
ity and mort
objectives of
r high‐cost C
Machine lear
the Medica
are LASSO (L
radient Boo
ated that all
ues. Particu
Boost are 0.
hat the me
y healthcare
delivery of he
e
ential
field
iler's
eting
nline
match
g the
tality
f this
COPD
rning
l and
Least
sting
four
larly,
.784,
thod
data
ealth
Ses
Joi
Ta
Run
Dep
The
In th
und
cont
som
solu
com
Keyw
Mu
Ke M
Ling
This
time
and
and
deco
num
Keyw
orde
ssion 5F –
int Inve
rgets
hao Zhang, D
partment of S
Chinese Uni
his paper, w
er the targe
trol policies.
me special cas
utions efficie
mputational r
words: inven
ulti‐Pro
Mao, Ke Fu
gnan College,
s paper cons
e and a shor
place multi
are correlat
omposition
merical exper
words: inven
ering
Inventory
ntory a
Daniel Zhuoy
Systems Engi
iversity of Ho
we study the
et‐oriented
. In addition
ses. With the
ently using
results for us
ntory control
duct Or
, Sun Yat‐sen
siders that a
t selling seas
ple orders w
ted with eac
property of
riments to de
ntory manag
y Manage
nd Prici
yu Long, Tsz
ineering and
ong Kong
joint invent
decision crit
n, we also id
e target‐orie
decision ru
sing targets i
l, decision an
rdering
n University
a retailer sel
son. Before
whose costs
ch other. We
the optimal
emonstrate t
ement, stoc
ement III
ing Cont
Fai Chow
d Engineering
tory‐pricing
terion. We
dentify the
ented framew
les. With n
n regulating
nalysis, targe
Policy u
ls multiple p
the sales sea
depend on
e derive the
l stock levels
the significan
kout‐based s
trol wit
g Manageme
decision pro
provide algo
structure of
work, we can
numerical st
uncertain co
ets
under Fo
products wh
ason, the ret
the timing.
optimal ord
s under vari
nce of our fin
substitution,
th Consu
ent,
oblem with f
orithm to so
f the optima
n also solve
udies, we r
onsumption
orecast
hich have a
tailer can up
The demand
dering policy
ious conditio
ndings.
, forecast ev
umption
financing co
olve the opt
al policies u
the approxim
report favor
over time.
Update
long supply
pdate its fore
ds are stoch
and analyze
ons. We con
olution, dyn
n
ntrol
timal
nder
mate
rable
es
lead
ecast
hastic
e the
nduct
amic
Mu
Tian
Dep
of H
Xitin
Dep
Dec
Qing
Dep
Busi
He X
Scho
This
expo
The
prob
of ex
Keyw
Su
Ev
Jun
Jina
This
inve
ann
supp
mat
diffe
inve
supp
effe
conc
Keyw
ulti‐Sea
nxiao Chen
partment of S
Hong Kong
ng Gong
partment of
ision Science
g Li
partment Info
iness School;
Xu
ool of Manag
s paper studi
orting firm w
problem is
blem as a M
xport quota
words: inven
pplier‐B
idence f
Shan, Yize H
n University
s study emp
entory efficie
ual reports
plier base h
erials and w
erent sizes a
entory effici
plier‐base co
ct of supplie
centration in
words: Supp
ason Pro
Systems Eng
Systems En
es and Mana
ormation Sy
; Hong Kong
gement, Hua
ies a periodic
where the tot
motivated
DP and stud
on the optim
ntory manag
Base Co
from Ch
Hu, Jinwen O
pirically exa
ency in the
during 2007
old fewer in
work‐in‐proce
and find that
ency than
oncentration
er‐base conc
ncreases.
lier‐base con
oduction
gineering an
ngineering a
gerial Econo
ystems, Busin
University o
azhong Unive
c‐review mu
tal sales qua
by “export
y the structu
mal policy.
ement, expo
oncentra
hinese M
Ou
mines the r
Chinese ma
7–2015, we
nventories, a
ess inventor
t small firms
large firms
n and custom
centration o
ncentration,
n Plann
d Engineerin
and Enginee
omics, The Ch
ness Statistic
of Science an
ersity of Scie
ulti‐season p
antity in each
quota” in in
ural properti
ort quota, int
ation an
Manufa
relation bet
nufacturing
find that m
and the effi
y accounts.
s benefit mo
do. We al
mer‐base co
on inventory
inventory, e
ing und
ng Managem
ring Manag
hinese Unive
cs and Oper
nd Technolog
ence and Tec
roduction pl
h season is re
nternational
ies of the va
ternational t
nd Inven
cturing
tween supp
sector. Usin
anufacturers
iciency prim
We address
ore from a co
lso examine
oncentration
efficiency is
empirical res
er Expo
ment, The Ch
ement, and
ersity of Hon
rations Mana
gy
hnology
anning prob
estricted by
trading. W
lue function
rading, optim
ntory Ef
Firms
lier‐base co
ng hand‐coll
s with a mo
arily flows t
s the associa
oncentrated
e the relatio
, and find t
s stronger a
earch, China
ort Quot
hinese Unive
Departmen
g Kong
agement, HK
blem facing b
an export qu
We formulate
s and the im
mal policy
fficiency
ncentration
ected data f
ore concentr
through the
ation for firm
supplier ba
onship betw
that the pos
s customer‐
a
tas
ersity
nt of
KUST
by an
uota.
e the
mpact
y:
and
from
rated
raw
ms of
se in
ween
sitive
‐base
Ses
Se
Pro
Yan
Univ
Geo
Nan
This
resp
both
post
Seco
deci
sens
info
price
Keyw
Op
Aa
Bo L
Colle
In th
with
reta
risk
asym
resu
and
prof
Keyw
info
ssion 5G –
nsitivity
oductio
Liu
versity of Sci
offrey A. Chua
yang Techno
s paper exam
ponsive prod
h responsive
terior dema
ond, we sho
ision, but re
sitive to par
rmation qua
e‐elasticity.
words: respo
ption Co
asymme
Li, Xue Chen
ege of Mana
his paper, w
hin a two‐ec
iler, acting a
of uncerta
mmetric info
ults prove th
the profits.
fits are explo
words: supp
rmation rent
– Mechani
y Analys
on Unde
ence and Te
a
ological Univ
mines three
duction strat
e production
nd uncertai
ow that per
sponsive pri
rameter unc
ality, but is s
onsive pricin
ontract
etric Cos
agement and
we construct
chelon supp
as a Stackelb
in demand.
ormation sce
hat level of in
Finally, the i
ored by nume
ply chain m
t
ism Desig
sis on R
er Imper
chnology of
versity
types of se
tegies unde
and respons
nty in term
rformance o
icing is insen
certainty com
sensitive to
g, responsive
Design f
st Inform
d Economics,
t a principal
ly chain und
berg leader, o
. The optim
enarios. Com
nformation
mpacts of th
erical experi
management
n II
Respons
rfect De
China
nsitivity ana
r imperfect
sive pricing r
s of optima
of responsiv
nsitive. Lastl
ming from m
uncertainty
e production
for Sup
mation
Tianjin Univ
‐agent mode
der asymme
offers a men
mal contract
mpared with
asymmetry
he productio
ments.
t, option co
ive Pric
emand U
alysis on a fi
demand up
resemble cla
al performan
ve productio
y, we find t
market size,
originating
n, sensitivity
ply Cha
versity
el to investi
etric informa
nu of the opt
ts are obta
h symmetric
plays a vital
n cost on the
ontract, asy
ing and
Updatin
irm's respon
pdating. First
ssic pricing n
nce and first
on is sensitiv
that firm per
total uncer
from procur
analysis, im
in unde
igate option
ation scenar
tion contract
ined under
c informatio
role in the
e optimal co
ymmetric co
d
ng
nsive pricing
t, we show
newsvendor
t‐stage deci
ve to first‐s
rformance is
rtainly level
rement cost
perfect upda
er
contract de
rio, in which
ts to mitigate
symmetric
n scenarios,
option cont
ontracts and
ost informa
g and
that
with
sion.
stage
s not
and
t and
ating
esign
h the
e the
and
, our
racts
their
ation,
Me
Co
Zho
The
Cha
Beiji
In th
amo
gam
pers
gene
effic
alloc
be d
prob
corr
trut
varie
Key
Pro
be
Jiaya
Ling
Yinb
Fuda
The
serv
two
bidd
auct
capa
adva
Keyw
Co‐o
echanis
onsidera
u Chen, Qi Q
Hong Kong U
ngjun Wang
ing Universit
his work, we
ong multipl
me‐theoretic
spective. For
eral truthful
ciency while
cation rule, s
divided into
bability. Ba
responding t
hful mechan
es under diff
words: Truth
ocurem
etween C
an Xu
gnan College,
bo Feng, Wen
an University
use of pro
vices. In this
bidders wit
ders’ bidding
tion. Surpris
acity level an
antage may
words: Man
opetition, Su
sm Desig
ations
Qi, Wenwei W
University of
ty of Techno
e consider th
e strategic
r two very ge
l mechanism
e guaranteei
showing the
at most fou
sed on th
truthful paym
nism is comp
ferent equal
hful Mechan
ment Auc
Capacit
, Sun Yat‐sen
n He
y, Hunan Un
curement au
paper, we co
th limited ca
g strategies a
singly, we fi
nd increase
be hurt by th
nufacturing
ubcontracting
gn with
Wang
f Science and
logy
he problem o
players to
eneral classe
m framework
ing certain
re exist at le
r groups and
is characte
ments can b
putationally
ity levels.
nism design,
ctions w
y Const
n University
iversity
uctions is a
onsider a firs
apacities. W
and equilibriu
ind that a b
in its unit co
he ex post co
operations
g, Capacity c
Efficien
d Technology
of allocating
o balance
es of efficien
k which opt
equality lev
east one opt
d players in
erization, w
be computed
feasible. W
Polynomial‐t
with Ex P
trained
common p
st‐price seale
We investigat
um profits as
bidder’s pro
ost. Further,
ooperation.
manageme
onstraint
ncy and
y
a set of hom
the efficien
ncy and equa
timally maxi
vels. We ful
imal allocati
the same gr
e show th
d in polynom
e also show
time Algorith
Post Co
Bidders
ractice for f
ed‐bid procu
te how the
s well as the
ofit at equil
, it is shown
ent and in
Equalit
mogenous re
ncy and e
ality measure
mizes the re
ly character
ion where al
roup have th
he optimal
mial time, w
w how the o
hm, Efficienc
operati
s
firms to pro
urement auct
ex post coo
e competition
ibrium may
n that the bi
novation, A
ty
esources (go
quality from
es, we devel
esource hold
rize the opt
ll the players
he same win
allocation
which means
ptimal effici
cy, Equality
on
ocure goods
tion consistin
operation af
n intensity o
decrease i
dder with a
Auctions/bidd
oods)
m a
lop a
der’s
timal
s can
nning
and
s the
ency
and
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high
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inve
how
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Yu Hsieh
seda Univers
acity investm
hlight that e
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rowing from
estment as o
w the interac
estment whe
ge between
words: cap
nagement an
mpact of
rdering
ngya Hua, Xi
nghua Schoo
study a sup
nces its purc
trade credi
chasing simu
sence of ban
ter off unde
tract improv
dit financing
words: supp
– OM‐Fina
and Link
on and
Yang
n University
sity
ment decisio
enhancing th
ent in buildi
m entrepre
opportunity e
ction with co
en it enters a
operations m
acity strate
nd innovation
f Option
Decisio
n Zhai
ol of Manage
pply chain w
chasing thro
it financing.
ultaneously
nkruptcy ris
er trade cre
ves supply c
stabilizes the
ly chain, cap
ance Interf
kage Inv
Explora
ons are fund
he added va
ing upstream
neurship re
exploitation
ompeting fir
a new mark
managemen
egy, supply
n
n Contra
ns
ement, Pekin
ith single su
ough either t
We explore
by studying
k on the re
edit financin
chain perfor
e retailer’s o
pital constrai
face II
vestmen
ation
amental to o
alue of new
m and down
esearch, we
and explora
rms affects a
et domain. T
t and entrep
chain ma
act on R
ng University
upplier and a
the bank, i.e
e the retaile
a Stackelbe
etailer's side,
ng. Compare
rmance. Com
order size.
nt, financing
nts as O
operations s
production
stream linka
e conceptua
ation, and co
a firm’s deci
This study th
preneurship
anagement,
etailer's
y
a capital con
e., bank cred
er's optimal
erg game. O
, both the s
ed to whole
mpared to b
g, option con
Opportu
strategy. In t
capacity ge
ages across t
alize capaci
onstruct a m
sions on the
herefore off
literatures.
manufactu
s Financ
nstraint reta
dit financing,
decisions o
Our results s
supplier and
esale price
bank credit
tracts
nity
this research
enerally req
the supply c
ity and lin
model to exam
ese two type
ers a concep
ring operat
cing and
ailer. The ret
, or the supp
on financing
show that in
d retailer wi
contract, op
financing, t
h, we
uires
hain.
kage
mine
es of
ptual
tions
d
tailer
plier,
and
n the
ll be
ption
trade
Im
Rui Z
City
Jun
Hua
We
und
and
exce
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Seco
inte
the
pan
Keyw
Su
Im
Hon
Scho
Chin
We
to a
may
supp
with
its p
the
we
mod
mod
corr
supp
com
mem
Stac
mpact of
Zheng, Biyin
University o
Yang
zhong Unive
study the i
er supply di
pricing stra
eeds certain
erd of stock
ond, we deri
nsity is relat
retailer shou
ic intensity is
words: socia
pplier’s
mprovem
ng Fu, Yongka
ool of Manag
na
consider a d
a downstrea
y have a cha
plier to hold
h the manufa
product quali
equilibrium
derive the
dels: supplie
del, which
respond to
plier in the
mpetition mo
mbers, in the
ckelberg mod
f Social L
g Shou
of Hong Kong
ersity of Scie
mpact of so
isruption risk
ategies to d
level, the SL
piling occurs
ive the optim
tively high, c
uld increase
s in a middle
l learning, su
s Investm
ment wit
ai Ma
gement and
decentralized
m manufact
nce to inves
equity shar
acturer, but
ity. Under an
pricing and m
supplier’s o
er Stackelbe
different m
manufactu
odels; and t
e manufactu
del and verti
Learning
g
nce and Tech
ocial learning
k; and accor
deal with it.
L behavior w
s or not is a
mal ordering
can consume
price only w
e level, a pric
upply disrupt
ment in
th Equit
Economics,
d supply cha
turer facing
st in the ma
res in the ma
also provide
ny given inve
margin decis
optimal inve
rg model, m
arket powe
urer increase
he impact o
rer Stackelbe
cal Nash mo
g under
hnology
g (SL) effect
rdingly, how
First, we d
will induce m
also highly d
g policy for t
er's SL behav
hen the pan
ce increase w
tion, panic b
n Manuf
ty Holdi
University of
ain in which
a price and
nufacturer. T
anufacturer
e needed res
estment strat
sions of the t
estment stra
manufacture
r structures
es the prod
of the inves
erg model, is
odel.
r Supply
t on consum
w the retailer
demonstrate
ore panic bu
dependent o
he retailer. O
vior be bene
ic intensity i
will hurt his p
buying, order
facturer
ing
f Electronic S
an upstream
quality sen
The investm
and consequ
sources for t
tegy of the s
two players
ategy. We
r Stackelber
. We find t
duction qua
stment on th
s quite differ
y Disrup
mers' panic
r can optim
e that if the
uying. Furthe
on the initial
Only when c
eficial for the
s very low o
profit.
ring policy
r’s Qual
Science and T
m supplier se
sitive dema
ment can not
uently achie
the manufac
supplier, we
in such a sup
consider th
rg model, an
that the inv
ntity in eac
he profits o
rent from tha
ption Ris
buying decis
ize his inven
e panic inte
ermore, whe
l panic inten
consumer's p
e retailer. Fin
r very high, i
ity
Technology
ells a compo
nd. The sup
t only enable
eve profit sha
turer to imp
first charact
pply chain. T
ree compet
nd vertical N
vestment by
ch of the t
of the two c
at in the sup
sk
sions
ntory
nsity
ether
nsity.
panic
nally,
f the
of
onent
pplier
e the
aring
prove
erize
Then,
tition
Nash
y the
three
chain
pplier
Ses
On
Me
Hua
Univ
This
man
Mot
and
form
ope
solu
is 25
Keyw
ope
Sch
Co
Gan
Ling
Wen
Scho
Sche
cons
unce
sche
NP‐h
to a
Keyw
ssion 5I – S
nline Re
ethods
n Yu, Yugang
versity of Sci
s paper prese
nages custom
tivated by th
gift invento
m expression
rational dat
utions can sig
5.631%).
words: robu
rations, inve
hedulin
onstrain
g Chen
gnan College,
n He
ool of Busine
eduling main
sider aircraf
ertain activit
eduling optim
hard, and we
real case. Th
words: aircra
Supply Ch
etailing G
g Yu, Ye Shi
ence and Te
ents a case‐b
mer lifetime
his, we propo
ry. By analyz
ns, which is
ta, we prese
gnificantly im
ust optimiza
entory manag
ng Aircra
ts
, Sun Yat‐sen
ess Administ
ntenance tas
ft states (e.g
ty duration, a
mization mo
e solve it wit
he results ar
aft maintena
hain Mana
Gift Rew
chnology of
based resear
e value (CL
ose a model
zing this mod
s computat
ent a nume
mprove the o
ation, custo
gement
aft Main
n University
ration, Huna
sks at an air
g. power off
and resource
odel, which m
th a genetic
e satisfactor
ance, project
agement I
warding
China
ch with an o
LV) by rewa
that simulta
del, we provi
ionally effic
erical study.
online retaile
omer life‐tim
ntenanc
an University
rcraft mainte
f/on, jack of
e availability
minimizes th
algorithm. T
ry, compared
t scheduling,
IV
g: A Rob
online retaile
arding their
aneously con
ide robust in
cient and ne
The nume
er’s profits (t
me value, o
ce Tasks
y
enance base
ff/on), activ
y. We formul
he expected
The model a
d with existin
state constr
bust Opt
er (Hui‐Liu‐Te
customers
nsiders the o
nventory dec
ear optimal
erical result
the average
online retail
s with St
is challengi
ity preceden
late the prob
project cyc
nd the algor
ng scheduling
raints
timizati
ea) in China,
with free g
optimization
cision with cl
. Based on
shows that
profit increm
ing, data‐dr
tate
ng and need
nce relation
blem as a pro
cle. The mod
rithm are ap
g solutions.
on
who
gifts.
n CLV
osed
the
t the
ment
riven
ds to
ship,
oject
del is
plied