We consider the classic continuous-review N-stage serial inventory system with a homogeneous Poisson demand arrival process at the most downstream stage (Stage 1). Any shipment to each stage, regardless of its size, incurs a positive fixed setup cost and takes a positive constant leadtime. The...

This paper studies the design of group-buying mechanisms in a two-period game where cohorts of consumers arrive at a deal and make sign-up decisions sequentially. A firm can adopt either a sequential mechanism where the firm discloses to second-period arrivals the number of sign-ups accumulated...

We study revenue volatility of a monopolist selling a divisible good to consumers in the presence of local network externalities among consumers. Each consumer's utility depends on her consumption level as well as the consumption levels of her neighbors in a network through network...

This paper describes the impression data and corresponding user, creator, and music content card data from NetEase Cloud Music. This data set is collectively supplied by the Revenue Management and Pricing (RMP) Section of INFORMS and NetEase Cloud Music to support data-driven research in...

Motivated by the emergence of sharing economy, we consider a network of socially connected newsboys. Each newsboy faces some random demand and makes a newsvendor stocking decision. The excess stock of a newsboy can be shared to satisfy the unsatisfied demand from a connected newsboy. We measure...

Around the start of this new millennium, scholars in the operations management/operations research field started to make important contributions to the study of price competition models. In this tutorial, we review these contributions, and partition them into five broad areas. Most of the...

We analyze a general but parsimonious price competition model for an oligopoly in which each firm offers any number of products. The demand volumes are general piecewise affine functions of the full price vector, generated as the "regular" extension of a base set of affine functions. The model...

We study a two-period model in which a firm faces the problem of deciding whether to commit to sales volume disclosure under market size uncertainty, when selling a network good to forward-looking customers who time their purchases. If the first-period sales volume is disclosed, the...

Problem definition: Reorder flexibility allows firms to better match supply with unpredictable demand for products with short selling seasons. We study how competition affects the flexibility choices, inventory and pricing decisions, and profits of duopoly firms, assuming that price competition...

We consider an infinite-horizon dynamic matching problem where the agents on one side, say supply side, are long-lived, and those on the other, say demand side, are impatient and will get lost if unmatched upon arrival. The agents on either side are vertically differentiated with a high- or...