We study a monopolistic firm which introduces two product versions sequentially in two periods. We analyze and compare the firm's decisions on the innovation level of the new version, the production quantities and prices of both versions, and the associated profit in four settings: when the...

“Bespoke” or mass customization strategy combines demand learning and preference learning. We develop an analytical framework to study the economic value of bespoke systems and investigate the interaction between demand learning and preference learning. We find that it is possible for demand...

This paper examines how strategic customer behavior impacts e-tailers' inventory storage location, pricing and inventory level decisions. We build a stylized model where an e-tailer either has only a central warehouse, or add a local warehouse and thus has both warehouses for inventory storage....

The poor thermal performance of prefabricated house roof in severe cold area results in the increase of heating energy consumption and uncomfortable indoor thermal environment. Roof energy-saving retrofits are necessary, and the specific retrofit measures are investigated from the perspective of...