In this paper we consider the problem of a trader who purchases a commodity in one market and resells it in another. The trader is capacitated: the trading volume is limited by operational constraints, e.g., logistics. The two markets quote different prices, but the spread is reduced when...

This paper develops a multi-attribute competition model for procurement of short life cycle products. In such an environment, the buyer installs dedicated production capacity at the suppliers before the demand is realized. Final production orders are decided after demand materializes. Of course,...

The economic consequences of the COVID-19 pandemic have been devastating for physical retailers, especially for non-necessities such as fashion. But how bad exactly? How costly is a lockdown? We currently lack precise guidance. We report granular estimates on three dimensions that affected...

In consumer experiences, the consumption of activities may impact the evaluation of future ones, either positively (due to assimilation) or negatively (due to contrast). How salient are these intertemporal spillovers and what are their implications for service experience design? To answer these...

We propose an extension of the competitive newsvendor model to investigate the impact of quick response under competition. For this purpose, we consider two retailers that compete in terms of inventory: customers that face a stockout at their first-choice store will look for the product at the...

In recent years, the competition for shelf space has intensified, as more products now compete for a retail space that has remained roughly constant. In this paper, we analyze the dynamics of this competition in a multi-supplier retail point. Assuming that sales are shelf space dependent, we...

Frequent changes in the product assortment can increase sales, especially under the presence of variety-seeking customers. This has been observed in several settings, and in particular, it has been a driver of the recent success experienced by fast fashion retailers, such as Zara and H&M. Since...