Search Results - "Herbon, Avi"

Dynamic pricing vs. acquiring information on consumers' heterogeneous sensitivity to product freshness by Herbon, Avi

“…We propose a model of an inventory system in which a perishable product is periodically replenished, and the retailer is unaware of consumer heterogeneity in…”
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An integrated manufacturer-buyer chain with bounded production cycle length by Herbon, Avi

“…A mathematical formulation is developed for modeling a joint two-echelon supply chain consisting of a single manufacturer (i.e., vendor) who continuously…”
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An approximated solution to the constrained integrated manufacturer-buyer supply problem by Herbon, Avi

“…In recent decades, the integrated manufacturer-buyer supply chain problem has been widely studied by many scholars, as it provides benefits to both parties in…”
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Direct marketing of an event under hazards of customer saturation and forgetting by Kogan, Konstantin, Herbon, Avi, Venturi, Beatrice

“…We address the problem of optimising the intensity of online advertising. In contrast to the classical literature, we tackle the advertising interaction…”
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Non-tradability interval for heterogeneous rational players in the option markets by Shvimer, Yossi, Herbon, Avi

“…This study uses theoretical and empirical approaches to analyze a number of phenomena observed in trading floors, such as the changes in trading volumes and…”
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Optimal manufacturer's cost sharing ratio, shipping policy and production rate – A two-echelon supply chain by Herbon, Avi, David, Israel

“…We analyze an integrated inventory supply chain and seek the optimal production lot, optimal production rate, and optimal (integer) number of shipments per…”
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Tradability, closeness to market prices, and expected profit: their measurement for a binomial model of options pricing in a heterogeneous market by Shvimer, Yossi, Herbon, Avi

“…A reliable method of options pricing in real time would help various players, including hedgers and speculators, to make informed decisions. In this study, we…”
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The cost-benefit approach to an optimal charging scheme for an embryo storage service by Lahav, Yael, Herbon, Avi, Spiegel, Uriel

“…•The literature on embryo storage provision is sparse.•Our model decreases quantities of unused embryos.•Our model increases the economic incentive for…”
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A pricing scheme for a human embryo storage service as a source for a secondary market by Herbon, Avi, Lahav, Yael, Spiegel, Uriel

“…A large reservoir of frozen human embryos is a negative outcome of their cryostorage for in vitro fertilization treatments. The existence of unused stored…”
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Shelf-life extension under implementation costs by Herbon, Avi

“…•Our demand model considers a parameter representing the degree of shelf-life extension.•We determine whether and for how long the shelf-life of a product…”
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Optimal dynamic pricing and ordering of a perishable product under additive effects of price and time on demand by Herbon, Avi, Khmelnitsky, Eugene

“…•We develop a model that coordinates between dynamic pricing and inventory decisions.•Customer demand is assumed to be additive in price and time since…”
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Should retailers hold a perishable product having different ages? The case of a homogeneous market and multiplicative demand model by Herbon, Avi

“…This paper specializes in investigating the common practice of the coexistence of multiple competing perishables, each with different age and price, all of…”
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Managing an expiring product under a market that is heterogeneous in the sensitivity to the retailer's reputation by Herbon, Avi

“…Reputation plays an important role in assuring product quality in markets where consumers can only imperfectly judge the quality before consumption. For the…”
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Retailing under panic buying and consumer stockpiling: Can governmental intervention make a difference? by Kogan, Konstantin, Herbon, Avi

“…In the media, panic buying featured as one of the top headlines at the outset of the COVID-19 pandemic. This type of consumer behavior was clearly triggered by…”
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Replenishing an inventory system permitting lost sales under Poisson demand and short lead times: Explicit performance and an efficient algorithm by Herbon, Avi

“…•We develop new explicit expressions of the expected profit given policy (Q,r).•The expected cycle length and the expected service level given policy (Q,r) are…”
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Optimal piecewise-constant price under heterogeneous sensitivity to product freshness by Herbon, Avi

“…When perishable products are priced uniformly, regardless of the amount of time remaining until expiration, consumers may gravitate towards fresher products,…”
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Single‐Versus Two‐Opportunity Price Postponement and Ordering Strategies of a Seasonal Product by Herbon, Avi

“…ABSTRACT We compare two strategies of ordering and pricing postponement for a seasonal product. In the single‐opportunity strategy, the retailer orders all…”
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Prices, profits and market shares of two competing retailers under consumer information asymmetry by Herbon, Avi

“…•We show that there exists a pure strategy Nash equilibrium.•Information advantage “pulls in” an additional 14–20% of the market.•The uninformed retailer’s…”
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Optimal Pricing and Replenishment of an Expiring Inventoried Product under Heterogeneous Consumer Sensitivities by Herbon, Avi

“…ABSTRACT Efficient pricing and replenishment decisions have the potential to yield significant increase in revenues. A widespread assumption in existing models…”
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A non-cooperative game model for managing a multiple-aged expiring inventory under consumers' heterogeneity to price and time by Herbon, Avi

“…•Both the retailer and consumers lose from holding multiple ages.•We omit the common assumption by which all consumers are homogeneous.•Price sensitivity,…”
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