Zobrazeno 1 - 8
of 8
pro vyhledávání: '"Hakjin Chung"'
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Advances in Applied Probability. 52:319-347
The ‘Price of Anarchy’ states that the performance of multi-agent service systems degrades with the agents’ selfishness (anarchy). We investigate a service model in which both customers and the firm are strategic. We find that, for a Stackelber
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Production and Operations Management. 28:341-353
When designing an assortment, a fundamental trade‐off exists between estimating consumer behavior more precisely and solving the corresponding optimization problem efficiently. For instance, a mixture of logit model can closely approximate any rand
Publikováno v:
SSRN Electronic Journal.
Problem definition: Reward points function as a new currency that consumers can spend on products and services. We study how point redemption affects the seller’s day-to-day pricing and inventory decisions. Academic/practical relevance: Despite wid
Publikováno v:
ACM SIGMETRICS Performance Evaluation Review. 45:18-20
In many service systems, customers acting to maximize their individual utility (selfish customers) will result in a policy that does not maximize their overall utility; this effect is known as the Price of Anarchy (PoA). More specifically, the PoA, d
Publikováno v:
SSRN Electronic Journal.
Motivated by the classic exogenous demand model and the recently developed Markov chain model, we propose a new approximation to the general customer choice model based on random utility called multi-attempt model, in which a customer may consider se