We describe a supply chain management board game which is the first of its kind to illustrate the concepts of shortage gaming, synchronization of the flow of parts, demand uncertainty and its impact on location selection, and customer service. The game in which students assume the roles of supply chain enterprises, builds skills in both decision-making and the execution of operations plans. The...

We show how optimal household decisions regarding work, retirement, saving, portfolio allocations, and life insurance are shaped by the complex financial options embedded in U.S. Social Security rules and uncertain family transitions. Our life cycle model predicts sharp consumption drops on retirement, an age-62 peak in claiming rates, and earlier claiming by wives versus husbands and single wo...

Recently coalition formation has been explored in the area of electronic marketplace as temporary buying groups. We extend this concept to long-term coalitions that are formed of both customer and vendor agents after evaluating their relationships with other agents in the system. We propose a coalition formation mechanism designed at microscopic (agent) level as a decision problem and we analyz...

The purpose of this article is to investigate the learning and memory processes involved in decision making under uncertainty. In two different experiments, subjects were given a choice between a certain alternative that produced a single known payoff and an uncertain alternative that produced a normal distribution of payoffs. Initially this distribution was unknown, and in the first experiment...

Many decisions in economics and finance have to be made under severe time pressure. Furthermore, payoffs frequently depend on the speed of decision-making, like, for instance, when buying and selling stocks. In this paper, we examine the influence of time pressure and time-dependent incentive schemes on the quality of decision-making in an experimental beauty-contest game. We find that converge...

Online apparel consumption is becoming an indispensable consumer apparel buying patterns. Based on consumer purchase decision style theory and the technology acceptance model theory, using cluster analysis, structural equation model and other quantitative analysis tools, this paper try to find out how different decision-making styles making consumers behave different when they are shopping appa...

For the purchase of a cheaper product on the Internet, many customers have been trying to search online shopping mall sites and visit comparison-pricing shops that compare prices and other criteria of the product. Others have been participating into online auction markets or group-buying markets. However, a lot of online shopping malls, auction markets, and group-buying markets provide the same...

We consider the residential energy storage management system with integrated renewable generation, with the availability of bidirectional energy flow from and to the grid thorough buying and selling. We propose a real-time bidirectional energy control algorithm, aiming to minimize the net system cost, due to energy buying and selling and battery deterioration and inefficiency from storage activ...

understanding the buying behavior of the organizational purchasers is essential for every organizational marketer as well as for the researchers of marketing. the main goal of this research is to analyze the organizational buying behavior, the process that organizations pass to buy computer products, as well as the factors and variables that influence on their decision making. the research meth...

Online group-buying is one of the most innovative business models employed by many companies. From the perspective of buyers, quantity based discounts provide a huge incentive to form coalitions and take advantage of lower prices without ordering more than their actual demand. Traditional group-buying mechanisms are usually based on a single item and uniform cost sharing. One way to reduce the ...