FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W4387518119> ?p ?o ?g. }

• W4387518119 abstract "Problem definition: We consider pricing of services with strategic customers who have heterogeneous delay costs motivated by transportation systems. Customers are strategic decision makers who weigh the reward from the transport service against the waiting cost for the vehicle at a transportation station. Customers arrive at the station according to a Poisson process, and the vehicle visits the station according to a renewal process. We analyze the optimal price and the equilibrium for different levels of information available to customers. Methodology/results: We represent the service system as a stochastic clearing process, heterogeneity in delay cost as a random variable, and heterogeneity in rewards as a positive affine transformation of delay cost. For each information level, we identify the equilibrium behavior of customers and solve the revenue-maximization problem based on this equilibrium. The equilibrium turns out to be unique in each case, and it is of a threshold form in the sense that for each value of the information, it is best to join either for all types of customers, only for those who are sufficiently price sensitive, only for those who are sufficiently delay sensitive, or for none. The optimal fee is also unique in nontrivial cases. This enables us to perform comparisons across different information structures. Managerial implications: The effect of heterogeneity depends highly on model parameters as well as the available information. For a fixed fee, an increase in heterogeneity has a positive overall impact on the customer population, whereas the effect on the revenue can be positive (slow service at a high fee) or negative (fast service at a low fee). Unlike with fixed fee, for the optimal fee, an increase in heterogeneity can have a negative overall effect on customers. Ignoring heterogeneity can lead to a substantial opportunity loss for the system. Funding: A. Manou was supported by AXA Research Fund. P. G. Canbolat was supported by Marie Curie Career Integration Grant from the European Union’s Seventh Framework Programme (RISK) [FP7-PEOPLE-2013-CIG, Proposal No. 618853]. Supplemental Material: The e-companion is available at https://doi.org/10.1287/msom.2021.0116 ." @default.
• W4387518119 created "2023-10-12" @default.
• W4387518119 creator A5024631146 @default.
• W4387518119 creator A5034811864 @default.
• W4387518119 creator A5071942853 @default.
• W4387518119 date "2023-10-11" @default.
• W4387518119 modified "2023-10-12" @default.
• W4387518119 title "Strategic Heterogeneous Customers in a Transportation Station: Information and Pricing" @default.
• W4387518119 cites W1521183774 @default.
• W4387518119 cites W1966005355 @default.
• W4387518119 cites W1975096877 @default.
• W4387518119 cites W1980030032 @default.
• W4387518119 cites W1984323239 @default.
• W4387518119 cites W1988576875 @default.
• W4387518119 cites W1992428101 @default.
• W4387518119 cites W1994957131 @default.
• W4387518119 cites W2007104164 @default.
• W4387518119 cites W2016945629 @default.
• W4387518119 cites W2028682956 @default.
• W4387518119 cites W2055597135 @default.
• W4387518119 cites W2061074135 @default.
• W4387518119 cites W2081674548 @default.
• W4387518119 cites W2093098301 @default.
• W4387518119 cites W2094149538 @default.
• W4387518119 cites W2124194695 @default.
• W4387518119 cites W2125142970 @default.
• W4387518119 cites W2127503699 @default.
• W4387518119 cites W2277393385 @default.
• W4387518119 cites W2594776981 @default.
• W4387518119 cites W3006173907 @default.
• W4387518119 cites W3048298134 @default.
• W4387518119 cites W3121407226 @default.
• W4387518119 cites W3121894452 @default.
• W4387518119 cites W3156920559 @default.
• W4387518119 cites W4233978664 @default.
• W4387518119 cites W4308151492 @default.
• W4387518119 cites W769610430 @default.
• W4387518119 doi "https://doi.org/10.1287/msom.2021.0116" @default.
• W4387518119 hasPublicationYear "2023" @default.
• W4387518119 type Work @default.
• W4387518119 citedByCount "0" @default.
• W4387518119 crossrefType "journal-article" @default.
• W4387518119 hasAuthorship W4387518119A5024631146 @default.
• W4387518119 hasAuthorship W4387518119A5034811864 @default.
• W4387518119 hasAuthorship W4387518119A5071942853 @default.
• W4387518119 hasConcept C121955636 @default.
• W4387518119 hasConcept C144024400 @default.
• W4387518119 hasConcept C144133560 @default.
• W4387518119 hasConcept C149923435 @default.
• W4387518119 hasConcept C162324750 @default.
• W4387518119 hasConcept C162853370 @default.
• W4387518119 hasConcept C175444787 @default.
• W4387518119 hasConcept C195487862 @default.
• W4387518119 hasConcept C2780378061 @default.
• W4387518119 hasConcept C2781386248 @default.
• W4387518119 hasConcept C2908647359 @default.
• W4387518119 hasConcept C33923547 @default.
• W4387518119 hasConcept C41008148 @default.
• W4387518119 hasConcept C42475967 @default.
• W4387518119 hasConceptScore W4387518119C121955636 @default.
• W4387518119 hasConceptScore W4387518119C144024400 @default.
• W4387518119 hasConceptScore W4387518119C144133560 @default.
• W4387518119 hasConceptScore W4387518119C149923435 @default.
• W4387518119 hasConceptScore W4387518119C162324750 @default.
• W4387518119 hasConceptScore W4387518119C162853370 @default.
• W4387518119 hasConceptScore W4387518119C175444787 @default.
• W4387518119 hasConceptScore W4387518119C195487862 @default.
• W4387518119 hasConceptScore W4387518119C2780378061 @default.
• W4387518119 hasConceptScore W4387518119C2781386248 @default.
• W4387518119 hasConceptScore W4387518119C2908647359 @default.
• W4387518119 hasConceptScore W4387518119C33923547 @default.
• W4387518119 hasConceptScore W4387518119C41008148 @default.
• W4387518119 hasConceptScore W4387518119C42475967 @default.
• W4387518119 hasLocation W43875181191 @default.
• W4387518119 hasOpenAccess W4387518119 @default.
• W4387518119 hasPrimaryLocation W43875181191 @default.
• W4387518119 hasRelatedWork W1504433947 @default.
• W4387518119 hasRelatedWork W1963479726 @default.
• W4387518119 hasRelatedWork W2024645192 @default.
• W4387518119 hasRelatedWork W2027534214 @default.
• W4387518119 hasRelatedWork W2048050128 @default.
• W4387518119 hasRelatedWork W2360530351 @default.
• W4387518119 hasRelatedWork W2808755562 @default.
• W4387518119 hasRelatedWork W3037194567 @default.
• W4387518119 hasRelatedWork W3037345846 @default.
• W4387518119 hasRelatedWork W4387134559 @default.
• W4387518119 isParatext "false" @default.
• W4387518119 isRetracted "false" @default.
• W4387518119 workType "article" @default.