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Behavioral inventory-management research leverages ideas and methodologies commonly used in behavioral economics and psychology to advance our understanding of the role of human behavior in inventory management. In this chapter, we first review some of the early papers in this area organized by...
Persistent link: https://www.econbiz.de/10014088583
When multiple retailers hold inventory to satisfy random demand, retailer inventory-sharing strategies can potentially reduce the demand-supply mismatch and increase overall supply chain performance. In this paper, we experimentally investigate alternative inventory-sharing strategies in a...
Persistent link: https://www.econbiz.de/10014089795
When bidders incur a cost to learn their valuations, bidder entry can impact auction performance. Two common selling mechanisms in this environment are an English auction, and a sequential bidding process. Bulow and Klemperer (2009) show, theoretically, that sellers should prefer the auction,...
Persistent link: https://www.econbiz.de/10013227614
Game theoretic models require strong informational assumptions that may not hold in operations applications. In such settings, how do uninformed players behave? We take a first step towards addressing this question by conducting a controlled human subject experiment. We focus on a simple...
Persistent link: https://www.econbiz.de/10013227615
Problem Definition: Two increasingly popular disciplines applied in operations management are (a) machine learning, such as deep learning techniques (“ML”), and (b) behavioral science, notably human-subject experiments and behavioral modeling (“BSci”). Despite the overlap in how they are...
Persistent link: https://www.econbiz.de/10014242261
We investigate a bargaining setting between an "informed" player, who has private information, and an "uninformed" player. The informed player has the option to truthfully disclose its private information in two unique environments. In the first, the informed player is randomly matched with an...
Persistent link: https://www.econbiz.de/10014033570
Over the past two decades, researchers in operations management have increasingly leveraged laboratory experiments to identify key behavioral insights. These experiments inform behavioral theories of operations management, impacting domains including inventory, supply chain management, queuing,...
Persistent link: https://www.econbiz.de/10013405558