Article
Management
Robert L. Bray, Ioannis Stamatopoulos
Summary: The study found that reducing menu costs can reduce supply chain volatility, mainly due to stabilizing changes caused by an increase in the mean sales rate.
OPERATIONS RESEARCH
(2022)
Article
Computer Science, Interdisciplinary Applications
Anand Ranjan, J. K. Jha
Summary: This study develops a multi-period dynamic pricing model for a deteriorating product in a two-echelon supply chain. The model considers various factors such as retail price, inventory, reference price, and product freshness to analyze demand and profit for the retailer. Preservation technology investment (PTI) and carbon emissions are also taken into account, and algorithms are developed to optimize replenishment cycle length, retail price, and total profit. The results suggest that efficient PTI and dynamic pricing policy can greatly enhance supply chain profit, and the initial reference price plays a crucial role in improving profit.
COMPUTERS & INDUSTRIAL ENGINEERING
(2022)
Article
Management
Mohammad Ghuloum, Boqian Song, Goker Aydin, Gilvan C. Souza
Summary: This paper analyzes a novel dynamic pricing problem where demand and supply are both influenced by dynamic prices. It examines the impact of acquisition and selling prices on a company, and how to find the optimal strategy in terms of time and inventory.
EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
(2022)
Article
Green & Sustainable Science & Technology
Mohammad Amin Edalatpour, Seyed Mohammad Javad Mirzapour Al-e-Hashem, Amir Mohammad Fathollahi-Fard
Summary: Pricing policies and inventory levels in sustainable production management are determined based on economic, environmental, and social factors. This study proposes an optimal solution for pricing and inventory management decisions considering environmental and social criteria, budget and warehouse constraints, and demands for perishable complementary products. The study also highlights the impact of warehouse capacity, budget, carbon emissions, and job opportunities on finding a balance between sustainability criteria.
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY
(2023)
Article
Management
Wenchang Zhu, Huseyin Topaloglu
Summary: This study focuses on network revenue management problems with flexible products, aiming to find a policy to maximize the total expected revenue and ensure feasible route assignments for customers with purchased products. The developed policy is the first with a performance guarantee under flexible products.
M&SOM-MANUFACTURING & SERVICE OPERATIONS MANAGEMENT
(2023)
Article
Computer Science, Interdisciplinary Applications
Mitra Moubed, Yasamin Boroumandzad, Ali Nadizadeh
Summary: The study focuses on optimizing decisions for deteriorating products in a closed-loop supply chain. Through simulations under different strategy groups, it is found that better warehousing conditions and more frequent collections result in the best performance indicators.
SIMULATION MODELLING PRACTICE AND THEORY
(2021)
Article
Computer Science, Interdisciplinary Applications
Yu-Chung Tsao, Tsehaye Dedimas Beyene, Vo-Van Thanh, Sisay G. Gebeyehu
Summary: This study considers the establishment of a power distribution network design with distributed renewable energy resources and the involvement of prosumers in the energy system. By developing a mathematical model and solution approach, the study determines the generation capacity of distributed renewable energy resources, differential prices, and buy-back price while maximizing the profit of a power plant. The results show that offering a high buy-back price to incentivize prosumers can lead to the highest profit.
COMPUTERS & INDUSTRIAL ENGINEERING
(2022)
Article
Green & Sustainable Science & Technology
Reza Maihami, Iman Ghalehkhondabi, Ehsan Ahmadi
Summary: This paper examines the problem of pricing and inventory planning for a vendor of non-instantaneous deteriorating items under partially backlogged shortages with greening investment. By formulating a non-linear optimization model and utilizing analytical methods, the study finds the optimal solution and explores the impact of greening costs on demand and total profit for the vendor.
JOURNAL OF CLEANER PRODUCTION
(2021)
Article
Operations Research & Management Science
Nadia Pourmohammad-Zia, Behrooz Karimi, Jafar Rezaei
Summary: The study investigates dynamic pricing and inventory control policies in a two-level Food Supply Chain, focusing on the negative impact of over-breeding to maintain item quality and reduce food waste. The centralized supply chain scenario enhances profit for the supplier and retailer, and benefits customers with lower selling prices. Sensitivity analysis explores the impact of different input parameters and provides insights for decision-makers in the supply chain.
ANNALS OF OPERATIONS RESEARCH
(2021)
Article
Computer Science, Interdisciplinary Applications
Yang Yang, Wan -Ling Chu, Cheng-Hung Wu
Summary: This research proposes a revenue management framework for perishable products, which can quickly learn customer preferences before the selling season begins and generate optimal pricing decisions. The numerical study shows that the revenue difference caused by unknown preferences is small compared to the known preferences.
COMPUTERS & INDUSTRIAL ENGINEERING
(2022)
Article
Thermodynamics
Yu-Chung Tsao, Tsehaye Dedimas Beyene, Vo-Van Thanh, Sisay Geremew Gebeyehu, Tsai-Chi Kuo
Summary: The study developed a power distribution network design model considering voltage control, differential and dynamic pricing schemes to maximize network profits under uncertain demands and parameters. The proposed pricing scheme is differential for different customer types with allowable voltage limits and dynamic according to planning time. A fuzzy stochastic programming approach is used to integrate fuzzy and stochastic approaches for dealing with uncertainty, showing that lower confidence levels lead to increased renewable energy capacity and profit.
Article
Computer Science, Interdisciplinary Applications
John H. Rios, Jorge R. Vera
Summary: The biggest problems in the retail industry are related to price allocation and inventory control. Current literature addresses these problems independently or as a combination, rather than as a whole. This research presents a model that allows optimal dynamic pricing and inventory policies, considering substitution and complementarity. The model uses a robust stochastic optimization formulation to handle the uncertainty in market demand, and shows improvements in operating results.
COMPUTERS & INDUSTRIAL ENGINEERING
(2023)
Article
Management
Fei Fang, Tri-Dung Nguyen, Christine S. M. Currie
Summary: This paper develops a model for dynamic pricing and inventory decisions for multiple substitutable and perishable products under a multiple-period lifetime. By maximizing the total expected profit over the lifetime, optimal order quantities and prices are obtained. Analytical properties of the optimal policy are provided, and experimental results show the benefits of considering pricing and inventory decisions simultaneously for substitutable products.
EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
(2021)
Article
Operations Research & Management Science
Farnia Zarouri, Alireza Arshadi Khamseh, Seyed Hamid Reza Pasandideh
Summary: This paper studies the dynamic pricing problem of perishable product supply chain and finds that cooperation leads to maximum profits for the chain members and customers, while retailer-led Stackelberg game benefits customers more.
RAIRO-OPERATIONS RESEARCH
(2022)
Article
Engineering, Electrical & Electronic
Ruiting Zhou, Xueying Zhang, John C. S. Lui, Zongpeng Li
Summary: Nowadays, distributed machine learning jobs often use a parameter server framework for training models over large-scale datasets. Existing cloud pricing policies do not suitably account for the stochastic runtime of distributed ML jobs. To address this, we propose a dynamic pricing and placement algorithm (DPS) that maximizes the cloud service provider's profit by dynamically calculating the unit resource price upon job arrival and determining optimal job placement.
IEEE JOURNAL ON SELECTED AREAS IN COMMUNICATIONS
(2023)
Review
Engineering, Industrial
Lawrence V. Snyder, Zumbul Atan, Peng Peng, Ying Rong, Amanda J. Schmitt, Burcu Sinsoysal
Article
Management
Michael K. Lim, Ho-Yin Mak, Ying Rong
M&SOM-MANUFACTURING & SERVICE OPERATIONS MANAGEMENT
(2015)
Article
Management
Long He, Ho-Yin Mak, Ying Rong, Zuo-Jun Max Shen
M&SOM-MANUFACTURING & SERVICE OPERATIONS MANAGEMENT
(2017)
Article
Operations Research & Management Science
Ying Rong, Lawrence V. Snyder, Zuo-Jun Max Shen
NAVAL RESEARCH LOGISTICS
(2017)
Article
Engineering, Manufacturing
Ying Rong, Zumbul Atan, Lawrence V. Snyder
PRODUCTION AND OPERATIONS MANAGEMENT
(2017)
Article
Engineering, Manufacturing
Long He, Ying Rong, Zuo-Jun Max Shen
PRODUCTION AND OPERATIONS MANAGEMENT
(2020)
Article
Operations Research & Management Science
Jifeng Luo, Ying Rong, Huan Zheng
NAVAL RESEARCH LOGISTICS
(2020)
Article
Management
Shan Li, Kay-Yut Chen, Ying Rong
MANAGEMENT SCIENCE
(2020)
Article
Management
Leon Yang Chu, Ying Rong, Huan Zheng
OPERATIONS RESEARCH
(2020)
Article
Operations Research & Management Science
Donggyu Jeon, Michael K. Lim, Zhenkang Peng, Ying Rong
Summary: The study shows that increasing substitution rate decreases organic order size but increases regular order size; higher disruption risk increases order size for both products, while higher yield uncertainty only affects organic order size.
OPERATIONS RESEARCH LETTERS
(2021)
Article
Management
Chun-Yu Ho, Nayoung Kim, Ying Rong, Xin Tian
Summary: The research shows that while cash remains the dominant payment method, the share of mobile payments is increasing over time. Consumers are more likely to use mobile payment when they receive price incentives, and this effect persists for a few days even after the incentive expires. Price incentives are primarily subsidized by mobile payment providers.
MANAGEMENT SCIENCE
(2022)
Article
Management
Wenzheng Mao, Liu Ming, Ying Rong, Christopher S. Tang, Huan Zheng
Summary: This paper discusses the operations of on-demand meal delivery platforms and suggests using empirical research to improve their performance. It provides a unique dataset from a meal delivery platform in China and reviews recent studies on meal delivery platforms, offering research opportunities for enhancing delivery performance.
M&SOM-MANUFACTURING & SERVICE OPERATIONS MANAGEMENT
(2022)
Article
Management
Xiaojing Feng, Ying Rong, Zuo-Jun Max Shen, Lawrence V. Snyder
Summary: When supply disruptions occur, firms need to employ the right pricing strategy. Fixed pricing strategy offers stability but lower profit, while naive pricing strategy brings higher profit. One-period correction strategy results in volatile customer order process and smaller profit. Regression pricing strategy, though advanced, leads to lower profit and greater customer order variability. It is advisable to adjust price to match supply and demand and not eliminate customer order variability completely.
Proceedings Paper
Computer Science, Artificial Intelligence
Du Chen, Yuming Deng, Guangrui Ma, Hao Ge, Yunwei Qi, Ying Rong, Xun Zhang, Huan Zheng
2020 IEEE INTERNATIONAL CONFERENCE ON BIG DATA (BIG DATA)
(2020)
Article
Management
Hengyu Liu, Kai Zheng
Summary: Since August 2018, African swine fever (ASF) has caused over one million pig deaths in China and led to a surge in pork prices. To address this issue, the Chinese government has implemented two farm subsidies: the compulsory culling subsidy (CCS) and the large-scale breeding subsidy (LBS). Through a game-theoretic model, the study explores the optimal design of these subsidy programs and their impacts on different stakeholders.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Reza Azad Gholami, Leif Kristoffer Sandal, Jan Uboe
Summary: This paper investigates a decentralized supply channel where a manufacturer and a retailer compete in a multi-period discrete time setting, addressing uncertain demand through dynamic channel optimization. The paper proposes solution algorithms and theorems that highlight the benefits of postponement strategies for the follower and potential harm for the manufacturer in a decentralized channel.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Anne G. Balter, Ki Wai Chau, Nikolaus Schweizer
Summary: This study examines whether the threshold parameter in the Omega ratio represents risk aversion by analyzing the asymptotic expansions for risk premia. The results suggest that the threshold in the Omega ratio represents risk aversion when the variance of the additional risk decreases with the background risk and when the density of the background risk is log-concave. Comparisons with expected utility criteria indicate that the conditions for the Omega threshold to represent risk aversion are comparable to those for exponential utility functions.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Baozhuang Niu, Fengfeng Xie, Lei Chen
Summary: This paper examines the strategic sourcing decisions of a local brand (BOP) when purchasing remanufactured components from a local supplier (LSP). The study finds that the BOP tends to decrease its purchasing orders from the LSP when the probability of overseas supply disruption is high, while the LSP is willing to sell components to the BOP when the probability is in a moderate range.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Chiang Kao
Summary: This study develops a model to calculate the maximum SBM efficiency for general network production systems, and applies it to a garment manufacturing company. The results show that the sewing operation contributes more to the system efficiency than the cutting operation does.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Baozhuang Niu, Jiayun Liu, Jianhua Zhang, Kanglin Chen
Summary: This study examines a brand's decision on reselling through a platform by using game-theoretical analysis and big data validation based on transaction-level data from JD.com. The study finds that the platform's channel advantage and high logistics service level encourage brands to choose the reselling mode, and the impact of the platform's private label competition is non-monotonic.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Ali Fereydooni, Sasan Barak, Seyed Mehrzad Asaad Sajadi
Summary: This study develops an online portfolio selection strategy that considers Environmental, Social, and Governance factors in addition to return and risk. The results indicate the superiority of the approach that considers Environmental, Social, and Governance factors in terms of profit, volatility, and the highest deflated Sharpe ratio.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Sally Giuseppe Arcidiacono, Salvatore Corrente, Salvatore Greco
Summary: This paper introduces a method to handle multiple compatible value functions in multi-criteria decision making by building a probability distribution. Stochastic multicriteria acceptability analysis provides statistical information based on the decision maker's preferences. Extensive simulations and sensitivity analysis have been conducted to demonstrate the superiority of the proposed method.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Junlin Chen, Zewu Jiang, Xiaobo Zhao, Wanshan Zhu, Jinxing Xie
Summary: In this study, we investigate a supply chain system consisting of a retailer and a supplier. We examine the threshold problem in contract design and take into account the risk preference of the retailer and the fairness concern of the supplier. The experiment shows that the behavior of the retailer affects the threshold of the optimal contract design, while the behavior of the supplier only affects the optimal wholesale price. These findings suggest that the behavior of retailers and suppliers play a crucial role in the mechanism design of supply chains.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Shuxia Peng, Bo Li, Wei Zheng
Summary: This study examines the impact of consumers' valuation updating on optimal pricing decisions and market structure in a competitive software market. The results show that with consumers' valuation updating, the incumbent can maximize profits through market segmentation, dominance, or entry deterrence strategies, and is willing to share the market with the entrant, achieving a win-win situation.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Victor Gimenez, Diego Prior, Claudio Thieme, Emili Tortosa-Ausina
Summary: This study proposes a nonparametric activity analysis methodology to assess the effectiveness of pandemic management in 61 countries nine months into the COVID-19 pandemic. The results show that effectiveness is strongly influenced by socioeconomic and cultural factors and reveal three main groups of countries based on their management level. This highlights the importance of operations research methods in accurately assessing pandemic management.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Narges Sereshti, Yossiri Adulyasak, Raf Jans
Summary: This paper investigates the stochastic multi-level lot sizing problem with a service level and explores the value of adding flexibility in such context. By modeling the problem as a two-stage stochastic program with uncertain demand and considering different demand scenarios, the study shows that adding flexibility to the system can result in cost savings, even with a small degree of flexibility.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Jafar Chaab, Georges Zaccour
Summary: This paper examines the pricing of a new product in the presence of sophisticated consumer behaviors. The study finds that forward-looking consumer behavior can either strengthen or weaken the effectiveness of a penetration pricing strategy, while the superiority of committed pricing in terms of firm's profit heavily depends on consumer behaviors.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Amelia Bilbao-Terol, Celia Bilbao-Terol
Summary: This paper presents a methodology that combines the hedonic pricing method and the Choquet integral for modelling the hotel selection process. This hybrid technique takes into account both market valuation and the importance of criteria, and holds potential benefits.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
Article
Management
Hui Li, Dongdong Wu
Summary: This study aims to investigate the impact of scale effects from restructuring on performance in tourism firms, and examine the influence of investor attention on restructuring performance. The findings reveal that restructuring activities can enhance scale effects, but the benefits decrease over time, and investor attention online also plays a role in determining restructuring performance.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2024)
