In this research, we consider an online assortment optimization problem, where a decision-maker needs to sequentially offer assortments to users instantaneously upon their arrivals and users select products from offered assortments according to the contextual multinomial logit choice model. We...

We propose a minimax concave penalized multi-armed bandit algorithm under generalized linear model (G-MCP-Bandit) for a decision-maker facing high-dimensional data in an online learning and decision-making process. We demonstrate that the G-MCP-Bandit algorithm asymptotically achieves the...

This paper studies the influence of C2C resale marketplaces on pricing decisions and revenue performance of a capacitated seller selling high-tech or fashion products. We consider a monopolist seller sells fashionable products to consumers over two periods. Consumers who purchased early can...

In this paper, we study how the provision of product information and/or market information affects buyers' and sellers' behavior in an online marketplace, and how the online marketplace performs financially in regards to sales and sales volume as a result. We first identify the Pareto-dominant...

Strategic consumer behavior has been extensively studied in the Management Science and Operations Management community. We survey recent developments in the literature and review possible operational strategies and decisions to counteract the adverse impact of strategic consumer behavior....

Motivated by emerging industry practices, this paper studies the effectiveness of a new advance selling strategy in counteracting strategic consumer behavior: the Preorder Contingent Production (PCP) strategy, where the seller's production decision is contingent on an advance selling target. We...

We propose a scientific, game-theoretic model in which a monopolist sells a fashion product in a market consisting of strategic consumers. Research papers on this subject have studied the adverse consequences of strategic consumer behavior, and have proposed a variety of mechanisms to counteract...

In the current literature of differential games, most studies formulate optimal strategies in feedback (Markovian) equilibriums and ignore repeated interactions among players. In many real-world settings, however, the competitors’ action history may have impacts on a firm’s decisions. This...

On whether property taxes are progressive, there are three different views. Through comparative analysis ,it is found that the view is more persuasive that property taxes are progressive. In our current socio-economic environment, property tax reform can effectively improve the unfair situation...