Joint use of resources with usage-dependent cost raises the question: who pays how much? We study cost sharing in resource selection games where the strategy spaces are either singletons or bases of a matroid defined on the ground set of resources. Our goal is to design cost sharing protocols so as to minimize the resulting price of anarchy and price of stability. We investigate three classes o...

We studied the ability to reduce supply–demand mismatch of a periodic Make-to-Order (MTO) production system using safety stocks with marketing managing demand lead-time guarantee and price as levers. The aim is understand interdependencies between guarantee, price, stocks. modeled problem an unconstrained stochastic non-linear programming problem, maximizing expected profit per-unit time obtain...

The risk of supply disruption increases as firms seek to procure from cheaper, but unproven, suppliers. We model a supply chain consisting of a single buyer and two suppliers, both of whom compete for the buyer’s order and face risk of supply disruption. One supplier is comparatively more reliable but also more expensive, while the other unreliable one is cheaper and faces higher risk of disrup...

I consider a retailer who sells a new product over two periods: advance and regular selling seasons. Experienced consumers learn their valuations for the product in the advance selling season, while inexperienced consumers learn only when the product becomes available in the regular selling season. The retailer is uncertain about the number of inexperienced consumers. Production takes place bet...

In the paper I study profitability of the name-your-own-price mechanism (NYOP) in the presence of risk-averse buyers. First, I provide conditions that guarantee that for the monopolistic seller the NYOP is more profitable than the posted-price. Second, I consider a more competitive framework where buyers with rejected bids have access to an alternative option. I show that if under the posted-pr...

We study the location-then-price game played by two firms in a circular market when consumers face non-linear transport costs. We show that for any convex transport cost function there exists a concave one such that the location-then-price games induced by these functions are strategically equivalent. Further, we provide a sufficient condition to guarantee that a similar equivalence result hold...

regard to increasing demand for organic agricultural products, awareness of costs and profitability of organic products can help to decision planners of agricultural sector, and particularly farmers. this study has tried to calculate cost and profitability of cotton product in two different conventional and organic ways (procedure) of production using 253 cross-sectional data from khorasan raza...

The goal of price optimization is to maximize total revenue by adjusting the prices of products, on the basis of predicted sales numbers that are functions of pricing strategies. Recent advances in demand modeling using machine learning raise a new challenge in price optimization, i.e., how to manage statistical errors in estimation. In this paper, we show that uncertainty in recently-proposed ...