Selling to strategic and loss‐averse consumers: Stocking,procurement, and product design policies

Motivated by the presence of loss‐averse decision making behavior in practice, this article considers a supply chain consisting of a firm and strategic consumers who possess an S‐shaped loss‐averse utility function. In the model, consumers decide the purchase timing and the firm chooses the inventory level. We find that the loss‐averse consumers' strategic purchasing behavior is determined by their perceived gain and loss from strategic purchase delay, and the given rationing risk. Thus, the firm that is cognizant of this property tailors its inventory stocking policy based on the consumers' loss‐averse behavior such as their perceived values of gain and loss, and their sensitivity to them. We also demonstrate that the firm's equilibrium inventory stocking policy reflects both the economic logic of the traditional newsvendor inventory model, and the loss‐averse behavior of consumers. The equilibrium order quantity is significantly different from those derived from models that assume that the consumers are risk neutral and homogeneous in their valuations. We show that the firm that ignores strategic consumer's loss‐aversion behavior tends to keep an unnecessarily high inventory level that leads to excessive leftovers. Our numerical experiments further reveal that in some extreme cases the firm that ignores strategic consumer's loss‐aversion behavior generates almost 92% more leftovers than the firm that possesses consumers’ loss‐aversion information and takes it into account when making managerial decisions. To mitigate the consumer's forward‐looking behavior, we propose the adoption of the practice of agile supply chain management, which possesses the following attributes: (i) procuring inventory after observing real‐time demand information, (ii) enhanced design (which maintains the current production mix but improves the product performance to a higher level), and (iii) customized design (which maintains the current performance level but increases the variety of the current production line to meet consumers’ specific demands). We show that such a practice can induce the consumer to make early purchases by increasing their rationing risk, increasing the product value, or diversifying the product line. © 2015 Wiley Periodicals, Inc. Naval Research Logistics 62: 435–453, 2015     

舰用计算机局部网络通信协议的设计

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不同增强体镁基复合材料的阻尼性能

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面向多点交互的多模态振动反馈触觉再现系统

近年来,多点交互和多模态融合的力触觉再现系统由于能够进一步提高人机交互的真实感,已经成为该领域的研究热点.基于Leap Motion的多手指位置检测模块、振动触觉再现模块、NRF51822蓝牙通信模块、视觉再现模块和CHAI3D构建的虚拟环境等,设计实现了多点自然交互的、触觉和视觉相融合多模态触觉再现系统.为了验证系统...     

蛋白质相互作用网络的几种聚类方法综述

蛋白质相互作用网络是后基因组时代系统生物学研究的重要内容.针对蛋白质相互作用网络中的聚类问题,介绍了几种代表性的聚类分析方法,初步分析了这些方法的特点,指出了当前研究工作的困难与挑战,并对今后的研究方向作了展望.     

底部带姿控发动机的飞行器气动力计算

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