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Marketing and consumer behavior literature has empirically demonstrated that reference prices play a critical role in customer purchase decisions. In this paper, we propose a joint dynamic pricing and preservation technology investment model for a deteriorating inventory system with time-and-price sensitive demand and reference price effects. A generalized model is presented to jointly determine the...
This paper demonstrates how the three basic universal ethical principles widely used in social choice theory, can be deduced as being particular cases of the minimization of a p-metric distance function. Once this logic unity has been shown, it is postulated how the three principles can be combined by formulating an extended goal programming model. In this way, possible clashes between the three principles...
This paper presents a bi-objective stochastic mixed integer programming approach for a joint selection of suppliers and scheduling of production and distribution in a multi-echelon supply chain subject to local and regional disruption risks. Two conflicting problem objectives are minimization of cost and maximization of service level. The three shipping methods are considered for distribution of products:...
It is now a common practice to use optimization models, such as location-allocation models, to support the design of supply chain networks (SCN). The value creation potential of a SCN design must be evaluated in terms of capital expenditures, but also of the operating revenues and expenses incurred during the planning horizon considered. The design model used should therefore be formulated to anticipate...
In this short note, we first improve the proof in Zhang et al. [1] to show the strict concavity of the unit time total profit of the whole supply chain with respect to preservation technology investment without approximation. We then generalize the model of Zhang et al. [1] to a broader class of market demand functions. Additionally, theoretical results are provided to illustrate the features of the...
Public bike-sharing programs have been deployed in hundreds of cities worldwide, improving mobility in a socially equitable and environmentally sustainable way. However, the quality of the service is drastically affected by imbalances in the distribution of bicycles among stations. We address this problem in two stages. First, we estimate the unsatisfied demand (lack of free lockers or lack of bicycles)...
Due to the adoption of more and more complex incentive contract structures for projects, designing the best contract for a specific situation has become an increasingly daunting task for project owners. Through the combination of findings from contracting literature with knowledge from the domain of project management, a quantitative model for the contract design problem is constructed. The contribution...
This article uses both a systematic literature search and co-citation analysis to investigate the specific research domains of organizational resilience and its strategic and operational management to understand the current state of development and future research directions.The research stream on the organizational and operational management of resilience is distant from its infancy, but it can still...
The technique of cross-docking, which consists in unloading trucks, sorting the items they contain and reloading them directly into outbound trucks in order to minimize temporary storage, has attracted researchers׳ attention in the past few years. The number of articles on the subject has been growing very fast, but largely detached from industry practice. In order to see whether the current state-of-the-art...
This paper develops two cost decompositions based on the multiplicative Russell and additive slack-based (in)efficiency measurement frameworks. While the multiplicative cost decomposition is a straightforward extension of the standard cost decomposition, the decomposition we develop in this paper incorporates slacks directly so that efficiency is measured relative to the efficient subset. To show...
This study measures the profit efficiencies of Taiwanese and Chinese banks with the assumption that both types could operate under the metafrontier. To consider the risk consideration of banks, we include equity capital as a quasi-fixed input and develop the risk-based measures of the meta Nerlovian profit efficiency. We further decompose meta profit efficiency and gap into technology and allocative...
In the global competitive environment, lead companies have to outsource their manufacturing to electronic contract manufacturers (ECM) in order to reduce operational cost and capture higher profit. Thus, the process of selecting contract manufacturers to be strategic partners is important for these companies. For this reason, this paper proposes an integrated approach for the electronic contract manufacturer...
This study applies a network data envelopment analysis model called network slacks-based measure (NSBM) to examine the R&D efficiency and socio-economic efficiency of Taiwan's dual-use (military and general public) technology development programs. We also employ the additive super-efficiency model to distinguish programs at different stages and conduct an analysis on the strengths and weaknesses...
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