FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W1619402023> ?p ?o ?g. }

• W1619402023 endingPage "1869" @default.
• W1619402023 startingPage "1852" @default.
• W1619402023 abstract "In retailing industries, such as apparel, sporting goods, customer electronics, and appliances, many firms deploy sophisticated modeling and optimization software to conduct dynamic pricing in response to uncertain and fluctuating market conditions. However, the possibility of markdown pricing creates an incentive for customers to strategize over the timing of their purchases. How should a retailing firm optimally account for customer behavior when making its pricing and stocking/capacity decisions? For example, is it optimal for a firm to create rationing risk by deliberately under stocking products? In this study, we develop a stylized modeling framework to answer these questions. In our model, customers strategize over the timing of their purchases. However, customers have boundedly rational expectations in the sense of anecdotal reasoning about the firm's fill rate, i.e., they have to rely on anecdotes, past experiences, or word‐of‐mouth to infer the firm's fill rate. In our modeling framework, we distinguish two settings: (i) capacity commitment, where the firm commits to its capacity level in the long run, or (ii) the firm dynamically changes it in each season. For both settings, within the simplest form of anecdotal reasoning, we prove that strategic capacity rationing is not optimal independent of customer risk preferences. Then, using a general form of anecdotal reasoning, we provide sufficient conditions for capacity rationing to be optimal for both settings, respectively. We show that the result of strategic capacity rationing being suboptimal is fairly robust to different valuation distributions and utility functions, heterogeneous sample size, and price optimization." @default.
• W1619402023 created "2016-06-24" @default.
• W1619402023 creator A5010974414 @default.
• W1619402023 creator A5033145706 @default.
• W1619402023 date "2015-08-21" @default.
• W1619402023 modified "2023-10-10" @default.
• W1619402023 title "Strategic Capacity Management When Customers Have Boundedly Rational Expectations" @default.
• W1619402023 cites W1480741078 @default.
• W1619402023 cites W1491720843 @default.
• W1619402023 cites W1535465927 @default.
• W1619402023 cites W1748370703 @default.
• W1619402023 cites W1976624377 @default.
• W1619402023 cites W2011353069 @default.
• W1619402023 cites W2086891434 @default.
• W1619402023 cites W2091938627 @default.
• W1619402023 cites W2095540386 @default.
• W1619402023 cites W2096348520 @default.
• W1619402023 cites W2097352267 @default.
• W1619402023 cites W2097959160 @default.
• W1619402023 cites W2100951624 @default.
• W1619402023 cites W2103894788 @default.
• W1619402023 cites W2105385391 @default.
• W1619402023 cites W2111375250 @default.
• W1619402023 cites W2114186597 @default.
• W1619402023 cites W2114391562 @default.
• W1619402023 cites W2115297219 @default.
• W1619402023 cites W2142959166 @default.
• W1619402023 cites W2144892099 @default.
• W1619402023 cites W2145373778 @default.
• W1619402023 cites W2146299039 @default.
• W1619402023 cites W2147563197 @default.
• W1619402023 cites W2160202336 @default.
• W1619402023 cites W2165637699 @default.
• W1619402023 cites W2329310016 @default.
• W1619402023 cites W2499718117 @default.
• W1619402023 cites W3122730049 @default.
• W1619402023 cites W3124733363 @default.
• W1619402023 cites W3124865326 @default.
• W1619402023 cites W3125111199 @default.
• W1619402023 cites W3125406778 @default.
• W1619402023 cites W3125647812 @default.
• W1619402023 cites W4230196666 @default.
• W1619402023 cites W74203006 @default.
• W1619402023 doi "https://doi.org/10.1111/poms.12420" @default.
• W1619402023 hasPublicationYear "2015" @default.
• W1619402023 type Work @default.
• W1619402023 sameAs 1619402023 @default.
• W1619402023 citedByCount "37" @default.
• W1619402023 countsByYear W16194020232016 @default.
• W1619402023 countsByYear W16194020232017 @default.
• W1619402023 countsByYear W16194020232018 @default.
• W1619402023 countsByYear W16194020232019 @default.
• W1619402023 countsByYear W16194020232020 @default.
• W1619402023 countsByYear W16194020232021 @default.
• W1619402023 countsByYear W16194020232022 @default.
• W1619402023 crossrefType "journal-article" @default.
• W1619402023 hasAuthorship W1619402023A5010974414 @default.
• W1619402023 hasAuthorship W1619402023A5033145706 @default.
• W1619402023 hasBestOaLocation W16194020231 @default.
• W1619402023 hasConcept C10138342 @default.
• W1619402023 hasConcept C121955636 @default.
• W1619402023 hasConcept C139719470 @default.
• W1619402023 hasConcept C144133560 @default.
• W1619402023 hasConcept C160735492 @default.
• W1619402023 hasConcept C162324750 @default.
• W1619402023 hasConcept C162853370 @default.
• W1619402023 hasConcept C175444787 @default.
• W1619402023 hasConcept C186027771 @default.
• W1619402023 hasConcept C195487862 @default.
• W1619402023 hasConcept C2775994111 @default.
• W1619402023 hasConcept C2779391423 @default.
• W1619402023 hasConcept C2781386248 @default.
• W1619402023 hasConcept C29122968 @default.
• W1619402023 hasConcept C38935604 @default.
• W1619402023 hasConcept C40700 @default.
• W1619402023 hasConcept C50522688 @default.
• W1619402023 hasConceptScore W1619402023C10138342 @default.
• W1619402023 hasConceptScore W1619402023C121955636 @default.
• W1619402023 hasConceptScore W1619402023C139719470 @default.
• W1619402023 hasConceptScore W1619402023C144133560 @default.
• W1619402023 hasConceptScore W1619402023C160735492 @default.
• W1619402023 hasConceptScore W1619402023C162324750 @default.
• W1619402023 hasConceptScore W1619402023C162853370 @default.
• W1619402023 hasConceptScore W1619402023C175444787 @default.
• W1619402023 hasConceptScore W1619402023C186027771 @default.
• W1619402023 hasConceptScore W1619402023C195487862 @default.
• W1619402023 hasConceptScore W1619402023C2775994111 @default.
• W1619402023 hasConceptScore W1619402023C2779391423 @default.
• W1619402023 hasConceptScore W1619402023C2781386248 @default.
• W1619402023 hasConceptScore W1619402023C29122968 @default.
• W1619402023 hasConceptScore W1619402023C38935604 @default.
• W1619402023 hasConceptScore W1619402023C40700 @default.
• W1619402023 hasConceptScore W1619402023C50522688 @default.
• W1619402023 hasFunder F4320308357 @default.
• W1619402023 hasFunder F4320320286 @default.
• W1619402023 hasFunder F4320321001 @default.
• W1619402023 hasIssue "12" @default.
• W1619402023 hasLocation W16194020231 @default.

• next