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Forecast sharing has been widely adopted to coordinate capacity planning in supply chains. However, the effectiveness of forecast sharing can be hindered by forecast inflation caused by the forecaster's asymmetric preferences toward underforecasts or overforecasts. In this paper, we study how...
Persistent link: https://www.econbiz.de/10014085641
We consider intertemporal pricing in the presence of reference effects and consumer heterogeneity. Our research question encompasses how to estimate heterogeneous consumer reference effects from data and how to efficiently compute the optimal pricing policy. Understanding reference effects is...
Persistent link: https://www.econbiz.de/10013250372
We consider an infinite-horizon multi-product dynamic pricing problem with reference effects in a monopolistic setting, where the reference price is an exponentially weighted average of historical prices. In each period, the demand follows the multinomial logit (MNL) model, where the utility...
Persistent link: https://www.econbiz.de/10014030188
We consider the vehicle repositioning problem for a vehicle sharing network with a fixed number of vehicles distributed across multiple locations. The vehicle sharing service is on-demand and one-way, which means that customers can pick up one vehicle from any location without prior reservation...
Persistent link: https://www.econbiz.de/10014082016
Persistent link: https://www.econbiz.de/10014471213