It is well established that accounting based incentive schemes can induce managers to adapt their behavior to manipulate accounting metrics even if such behavior is not in the best interest of the firm. Using a parsimonious model, this paper establishes how common accounting based bonus schemes...

The paper develops a model for combining point forecasts into a predictive distribution for a variable of interest. Our approach allows for point forecasts to be correlated and admits uncertainty on the distribution parameters given the forecasts. Further, it provides an easy way to compute an...

In live broadcasting, the break lengths available for commercials are not always fixed and known in advance (e.g., strategic and injury time-outs are of variable duration in live sports transmissions). Broadcasters actively manage their advertising revenue by jointly optimizing sales and...

In this paper we explore models of repricing automation -- that is, of price adjustments implemented by an algorithm in response to changes in demand, inventory, or competitors' prices. Our setting is a typical online multi-seller platform (e.g., Amazon, eBay) where competing firms sell products...

Outsourcing of equipment repair and restoration is commonly practiced by firms across many industries. The operational performance of the equipment is determined by joint decisions of both the firm and the service provider. Although some decisions are verifiable (and thus directly contractible),...

We analyze two different mechanisms for allocating a scarce product over a finite horizon when demand exceeds supply: timed restock notifications and waitlisting. The first mechanism gives all customers an equal chance to acquire the product by visiting the retailer at a pre-announced date and...