Seminar: To Ration Or Not To Ration? Selling To Strategic Customers Under Shortage Effect
Date: Jul 17 (Mon), 2017
Time: 10:00am to 10:30am
Venue: Room 7-207, 7/F, Lau Ming Wai Academic Building

We consider the dynamic pricing and rationing policy of a firm facing strategic customers under the influence of shortage effect. We provide conditions under which it is optimal for the firm to ration. We also identify the necessary and sufficient conditions for the existence of steady state. We also characterize the firm’s pricing and rationing policy under this steady state.

Event Speaker
Miss LIU Hanqing

Ms. Hanqing LIU is a third-year PhD student in the Department of Management Sciences at the City University of Hong Kong. She holds a Bachelor Degree of Applied Physics at University of Science and Technology of China. Her research interests lie in Consumer Behavior in Operations Management and Supply Chain Management.