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     

Revenue management: A real options approach

Revenue management is the process of actively managing inventory or capacity to maximize revenues. The active management typically occurs through managerial levers such as price, promotion, or availability. We present a novel real options approach to revenue management that is specifically suited to the car rental business. We illustrate the concept with actual car rental data. The model produces minimally acceptable prices and inventory release quantities (number of cars available for rent at a given price) as a function of remaining time and available inventory. The pricing and inventory release recommendations of the developed model confirm earlier empirical analysis that suggested current practises discount too deeply early in the booking cycle. © 2004 Wiley Periodicals, Inc. Naval Research Logistics, 2004     

基于复杂网络的联合作战指挥体系研究

以作战指挥理论需求为牵引,从复杂网络的角度对联合作战指挥体系问题进行网络抽象,将指挥体系中的指挥机构作为网络的节点,将指挥关系作为网络的边,按照指挥体系历史发展的规律,从简单到复杂,分别构建了传统层级纵长树状型的指挥体系网络模型,在树状模型基础上,增加了横向联系但依然具有层级结构的信息共享改进型的指挥体系网络模型,以及...     

Neo-elitism and counterterrorism operations in Kenya

Counterterrorism operations in Kenya have often been hindered by a lack of collaboration, coordination and cooperation among the security agencies involved in such operations. This article examines the relationship between neo-elitism and counterterrorism security interagency activity in Kenya. Using neo-elitism as a framework for analysis, with specific reference to the September 2013 Westgate Mall attack counterterrorism operation, it is argued that the lack of collaboration, coordination and cooperation among Kenya’s counterterrorism security agencies often results in unintended adverse consequences. The interagency conflict over the Westgate operation was primarily about command and control, intelligence sharing and official information shared with the public pertaining to the stages of the siege and operation. These security agencies share similar responsibilities and jurisdictions in the rest of the country’s counterterrorism efforts. The interagency conflicts reveal that the country’s security elites pursue personal and agency-specific interests that are aimed at maintaining organisational supremacy over counterterrorism efforts. Recommendations are offered for how to tackle the problem of interagency conflict in order to enhance the effectiveness of counterterrorism operations in Kenya.     

Kinetic responses to global terrorism: Lessons from Africa

This essay recalls the immediate and longer-term responses of the US and its allies to the events of 9/11. It contends that the die for contemporary developments in transnational terrorism was cast in the immediate aftermath of 9/11 – in particular the launching of sustained ‘anti-terrorist’ military combat operations in Afghanistan and Iraq, and more covert ‘kinetic’ operations elsewhere in the Middle East and Africa. The essay seeks specifically to expose the counter-productivity of using military operations as the primary antidote to transnational terrorism. Focusing on the African ‘laboratory’ and the spread of transnational terrorism and Islamic militancy, particularly in West and East Africa, the essay concludes that radical Islamists have mastered the ‘battle of the narrative’ and that the Western penchant for dispensing a kinetic brand of medication is feeding rather than fighting the virus of global terrorism.     

Heart analytics: Analytical modeling of cardiovascular care

Cardiovascular diseases (CVDs) are the leading cause of death and disability both in the United States and worldwide. Despite high morbidity, mortality, and cost in the United States and global healthcare systems, cardiovascular care has been understudied in the healthcare operations management literature. In this paper, we identify research opportunities for healthcare operations management scholars to aid in improving cardiovascular care. We focus on three burdensome conditions, including (1) coronary artery disease, (2) stroke, and (3) heart failure, which, collectively, lead to the vast majority of CVD‐caused mortality and disability. For each condition, we characterize a typical patient's journey in receiving cardiovascular care, elucidating key challenges in improving care and outlining research questions for healthcare operations management scholars. We close with a reference to new research opportunities that emerge as artificial intelligence is likely to transform much of cardiovascular care.     

基于SuperMap的战区油料保障系统设计与实现

通过对SuperMap与战区油料保障的结合,研究了基于SuperMap的战区油料保障系统,充分利用信息时代的成果提高油料保障的效能。分析了建立基于GIS的战区油料保障系统的必要性,全面构建了基于SuperMap的战区油料保障任务的数学模型,提出了未来信息化油料保障的可能途径,系统的设计并实现了基于SuperMap的战区油料保障系统,从而达到优化油料保障环节,缩短油料保障时间,提高油料保障透明度的目标。     

Using strategic culture to understand participation in expeditionary operations: Australia,Poland, and the coalition against the Islamic State

This article investigates how strategic culture influenced the decision-making of Australia and Poland regarding the global coalition against the Islamic State. In the coalition, Australia has followed its tradition of active participation in United States-led operations, while Poland has embarked on a more cautious line, thereby breaking with its previous policy of active participation. The article examines how Australian and Polish responses to the coalition were shaped by five cultural elements: dominant threat perception, core task of the armed forces, strategic partners, experiences of participating in coalitions of the willing, and approach to the international legality of expeditionary operations. It finds that Australia and Poland differed on all five elements but that the major differences are found in dominant threat perception and core task of the armed forces.     

基于组合熵权的联合作战目标选择模型研究

针对作战中目标选择与排序问题,分析确定了8种在联合作战条件下影响目标选择关键因素。在此基础上应用多属性决策理论,以组合熵权系数确定指标权重,建立了目标选择模型。模型简洁易于实现,并且在决策中有效减少了主观随意性。最后通过仿真实例说明了模型的有效性和可操作性。     

联合作战自同步指挥问题探析

研究联合作战自同步指挥问题。本文从自同步指挥的概念入手,阐述了自同步指挥的特点、实现基础和运行机理,分析自同步指挥的应用与发展前景。