Assistant Professor Yiwei Chen’s paper “Joint Pricing and Inventory Management with Strategic Customers” has been awarded third place in the 2017 INFORMS Junior Faculty Interest Group (JIFG) paper competition. This paper studies a seller who determines a joint pricing, delivery and inventory policy in the presence of strategic (forward-looking) customers to maximize her long-run average expected profit. Professor Yiwei Chen and his coauthor propose a simple cyclic policy that is proven to be optimal in practically operated regimes. The authors use the algorithmic mechanism design approach to facilitate the analysis.
INFORMS Junior Faculty Interest Group (JIFG) Paper CompetitionSUTDPillarAdministrator