Consider a system composed of several units. The performance of each unit can be affected by providing a portion of a limited amount of costly resources available. An allocation of resources to a unit results in a unit's response that depends on the level of resources allocated to it and some of...

We study the role of bargaining in a firm's sequential selling process. The seller firm under consideration sequentially sells a fixed amount of stock to a random arrival stream of potential buyers who are heterogeneous in product valuation. Based on the stock level and the time to the end of...

Inventory-based pricing under lost sales is an important, yet notoriously challenging problem in the operations management literature. The vast existing literature on this problem focuses on identifying optimality conditions for a simple management policy, while restricting to special classes of...

We are living in an era in which data is generated in huge volume with high velocity and variety. Big Data and technology are reshaping our life and business. Our research inevitably needs to catch up with these changes. In this short essay, we focus on two aspects of supply chain management,...

The central issue in supply chain management is to match supply with demand, and the heart of a planning model is the modeling of supply and demand functions. To allow for analytical tractability, the existing literature often assumes almost surely linear supply and demand functions, which...

Involving suppliers deep in the supply chain is critical for the success of environmental and social responsibility (ESR) initiatives. Administering ESR programs throughout a complex supply network, however, is challenging. In this paper, we apply a multi-unit bilateral bargaining framework to...

Subsidy programs are widely offered in both developing and developed countries to encourage consumption of products that generate positive social, health and environmental externalities. We study the effect of subsidies on product consumption under uncertain market demand. To reach a target...

We provide guidance on how operations management research can help to improve performance. In addition to summarize the existing studies in this area, we also explicitly discuss potential applications of operations methodologies in this domain and point out future research directions