Article
Economics
David P. Brown, Andrew Eckert, Derek E. H. Olmstead
Summary: This paper addresses the challenge of price and quantity uncertainty in setting regulated rates for default retail electricity products. It discusses the use of full-load auctions to evaluate the costs associated with this uncertainty. The study finds that an increase in the number of bidders active in the auctions leads to a reduction in the difference between winning bids and breakeven levels.
Article
Engineering, Chemical
Dnyanesh Deshpande, Mohd Shahrukh, Rajagopalan Srinivasan, Iftekhar A. Karimi
Summary: This study investigates the annual delivery program (ADP) problem for natural gas suppliers, incorporating customer inventory and berth management, customer demand satisfaction, and the delivery of multiple LNG grades. A mathematical programming model is proposed to maximize the supplier's profit.
INDUSTRIAL & ENGINEERING CHEMISTRY RESEARCH
(2023)
Article
Management
Zhaolin Li, Jinwen Ou, Guitian Liang
Summary: Contracts are common in the Australian pharmaceutical industry, posing a challenge for public hospitals in procurement activities. Different heuristic policies are proposed to assist hospitals in choosing between generic brand and rebate brand under standard rebate contracts, with performance evaluation conducted through simulation.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2021)
Article
Computer Science, Information Systems
Gil Einziger, Gabriel Scalosub, Carla Fabiana Chiasserini, Francesco Malandrino
Summary: Efficiently deploying services while meeting quality requirements is a major challenge in network slicing. This study proposes an algorithm called REShare that can adapt to operational conditions and find an optimal balance between conflicting requirements, improving service efficiency and reducing costs.
IEEE TRANSACTIONS ON CLOUD COMPUTING
(2023)
Article
Engineering, Manufacturing
Xuying Zhao, Hong Guo, Gangshu Cai, Subhajyoti Bandyopadhyay
Summary: Research shows that service providers' contract strategies are determined by expectation-reality discrepancy (ERD) rather than true service valuations. Providers with higher ERDs are more likely to enforce contracts, intensifying competition in the market. Switching costs can help consumers avoid making wrong switching decisions due to misleading ERDs.
PRODUCTION AND OPERATIONS MANAGEMENT
(2021)
Article
Management
Matthew J. Walker, Elena Katok, Jason Shachat
Summary: In complex procurement projects, it is difficult to link price with quality, resulting in the risk of supplier nonperformance. Retainage is a commonly used incentive mechanism to mitigate this risk. However, assessing project completion introduces practical difficulties and a moral hazard for the buyer.
MANAGEMENT SCIENCE
(2022)
Article
Engineering, Electrical & Electronic
Shaoqi Chen, Xuefen Chi
Summary: In this study, we propose analytical models for Optical Camera Communications (OCC) and derive the maximum data rate for statistical Quality of Service (QoS) guarantee. We also build an imaging model for receiver demodulation and validate our theoretical OCC models through extensive field experiments.
JOURNAL OF LIGHTWAVE TECHNOLOGY
(2023)
Article
Management
Vitali Gretschko, Martin Pollrich
Summary: The study shows that in publicly observable situations, buyers can achieve the same surplus regardless of whether contracts are complete or incomplete. Additionally, supplier switching is infrequent in procurement practice, making incomplete contracting less of a problem in many procurement projects.
MANAGEMENT SCIENCE
(2022)
Article
Computer Science, Interdisciplinary Applications
Fuzan Chen, Aijun Lu, Harris Wu, Runliang Dou, Xiangyun Wang
Summary: This paper investigates pricing and resource allocation strategies of cloud service providers considering service guarantees under overload protection. It proposes an economic model that maximizes profit by adjusting both price and resource allocation based on the perceived service value. The study uses queuing theory to model user-service interaction and derives optimal decisions for pricing and resource allocation while protecting servers from overloading. The impact of service guarantees on profit is examined, along with the influence of service fulfillment rate on user benefits.
COMPUTERS & INDUSTRIAL ENGINEERING
(2022)
Article
Mathematics, Interdisciplinary Applications
Abdul Majeed, Yao Wang, Muniba, Mollah Aminul Islam
Summary: Traditional supply chain literature on contracting only focuses on agents' economic motivation. However, with the development of behavioral economics, social preference theory has been widely incorporated into supply chain research. This paper introduces the concept of social preferences in supply chain decision-making and analyzes their impact on competition intensity. The results show that considering social preferences can lead to multiple-stage channel coordination and improved supply chain performance, but different types of social preferences can have contrasting effects.
Article
Engineering, Electrical & Electronic
Yanru Zhang, Yingjie Zhou, Changkun Jiang, Yan Wang, Ruichang Zhang, George Chen
Summary: This article presents the optimal strategy for public plug-in electric vehicle charging services, discussing pricing and contract choices in monopoly and duopoly markets. Analytical results show that offering two charging options can increase profits in a monopoly market, while providing quantity contracts is optimal for SPs in a duopoly market.
IEEE TRANSACTIONS ON SMART GRID
(2021)
Article
Economics
Sylvain Chassang, Kei Kawai, Jun Nakabayashi, Juan Ortner
Summary: We document and analyze a novel bidding pattern observed in procurement auctions from Japan, where winning bids tend to be isolated and there is a missing mass of close losing bids. We develop systematic tests that can identify this pattern and other suspicious patterns in the data, taking into account general information structures and nonstationary unobserved heterogeneity.
Article
Engineering, Manufacturing
Ravi Mantena, Rajib L. Saha
Summary: Market share contracts have complex effects on demand allocation, prices, and welfare. While they can eliminate demand distortion, they may also shift the locus of competition and introduce uncertainty in profit allocation.
PRODUCTION AND OPERATIONS MANAGEMENT
(2022)
Article
Engineering, Industrial
Zhuolin Yang, Yuting Zheng, Jianbin Li, Stuart X. Zhu, Chao Yang
Summary: This paper proposes a service-oriented manufacturing strategy in a two-echelon supply chain with random demand. The authors analyze the procurement quantity and delivery time decisions using a Stackelberg game-theoretic model. The results show that delivery service in service-oriented manufacturing can reduce the holding cost of the retailer and provide guidance for managers.
INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH
(2023)
Article
Computer Science, Information Systems
Flavio Esposito, Maria Mushtaq, Michele Berno, Gianluca Davoli, Davide Borsatti, Walter Cerroni, Michele Rossi
Summary: The proposed architecture for robust service function chain instantiation utilizes a fully distributed asynchronous consensus mechanism to ensure performance and efficiency even in the presence of failures. The practicality of the approach is demonstrated through simulations and prototype implementation, with performance comparisons against the Raft protocol.
IEEE TRANSACTIONS ON NETWORK AND SERVICE MANAGEMENT
(2021)
