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We extend the linear programming (LP) model of deterministic supply-chain planning to take demand uncertainty and cash flows into account for the medium term. The resulting stochastic LP model is similar to that of Asset-Liability Management (ALM), for which the literature using stochastic...
Persistent link: https://www.econbiz.de/10014057431
To incentivize on-time delivery performance, meal delivery platforms often penalize their drivers for late deliveries. However, fierce competition forces these platforms to quote short meal delivery times. But shorter delivery times create extra pressure for drivers to drive at excessive speeds...
Persistent link: https://www.econbiz.de/10014076505
The chaotic response of the US Strategic National Stockpile to COVID-19 during 2020 highlighted the inadequacy of the inventory-based approaches to disaster response. This paper examines the integration of stockpile inventory, backup capacity, and standby capability to meet the disaster-related...
Persistent link: https://www.econbiz.de/10014077524
Can two competing on-demand service platforms be profitable in equilibrium? The question is well-studied for firms competing purely on price in a single-sided market, but it is not wellunderstood for competing service platforms that use price to influence passenger demand and wage to influence...
Persistent link: https://www.econbiz.de/10014078181
More firms than ever before are disclosing provenance of their products, results of product testing, and suppliers’ labor-practice compliance with western norms in annual reports, sustainability reports, and press releases, besides making it available on third-party websites. The problem...
Persistent link: https://www.econbiz.de/10014033623
Persistent link: https://www.econbiz.de/10014034247
When suppliers (i.e., contract manufacturers) fail to comply with environmental or safety regulations, several non-governmental agencies and consumer activists put pressure on the buyers (customers) to take necessary actions to improve supplier compliance. Due to concerns over negative image and...
Persistent link: https://www.econbiz.de/10014035631
We solve a sequential-moves game that involves three players: the franchisor, the entrepreneur, and the banks. The franchisor chooses values of contract terms (a one-time franchise fee and a royalty rate for on-going payments). The entrepreneur dynamically decides when to sign this contract and...
Persistent link: https://www.econbiz.de/10014038687
Recent research suggests that the sales rate of a product would increase immediately after a seller posts a "scarcity message" to alert potential consumers that there are only a few units left in inventory. Knowing this effect, should an online seller post scarcity messages? In this technical...
Persistent link: https://www.econbiz.de/10014106827
This article seeks to provide research opportunities in “socially responsible supply chains”. I first provide some background and context from the wider literature. Then I outline case studies in emerging countries where large companies engage the poor as producers and the poor as...
Persistent link: https://www.econbiz.de/10014117334