The theoretical investigation of the effectiveness of limited flexibility has mainly focused on the performance metric that is based on the maximum sales in units. However, this could lead to substantial profit losses when the maximum sales metric is used to guide flexibility designs whereas the...

Resource pooling is a fundamental concept that has many applications in Operations Management for reducing and hedging uncertainty. An important problem in resource pooling is to decide (1) the capacity level of pooled resources in anticipation of random demand of multiple customers and (2) how...

We study a robust mechanism design problem where a seller attempts to sell a single item to a single buyer, knowing only the moment and support information of the buyer's valuation distribution. The seller endeavors to maximize the competitive ratio with respect to the hindsight optimal policy...

We consider a class of online resource allocation problems in which there are n types of resources with limited initial inventory and n demand classes. The resources are flexible in that each type of resources can serve more than one demand class. In this paper, we focus on a special class of...