Encouraging information sharing to boost the name-your-own-price auction

2017 ◽  
Vol 479 ◽  
pp. 108-117 ◽  
Author(s):  
Yahong Chen ◽  
Jinlin Li ◽  
He Huang ◽  
Lun Ran ◽  
Yusheng Hu
Keyword(s):  
Information Sharing ◽  
Price Auction ◽  
Name Your Own Price

Impacts of hub nodes on the spread of Name-Your-Own-Price auction

2021 ◽  
pp. 2250008
Author(s):  
He Huang ◽  
Yahong Chen ◽  
Li Zhou ◽  
Yusheng Hu
Keyword(s):  
Price Auction ◽  
The Impact ◽  
Directed Distance ◽  
Name Your Own Price

In the Name-Your-Own-Price (NYOP) auction, the spread of bidding information among buyers is incredibly important for both buyers and sellers. However, the impact of hub nodes on the spread of bidding information is less investigated. In this research, we proposed a directed distance index, and used it to explore the roles of hub nodes during an NYOP auction. The results showed significant impacts of hub nodes on buyers’ behaviors and seller profits, but the impacts highly depend on the fading speed of information. When information fades fast, the hub nodes should be more valued to increase buyers’ bidding intention and make them bid more wisely. Seller’s profits will also be increased. While information fades slow, the hub nodes and the regular nodes should be approximately valued. Moreover, we explored the case of sharing failed bids, and found that the roles of hub nodes become more salient when buyers are more willing to share the failed bids.

scholarly journals Optimal Remanufacturing and Pricing Strategies Under Name-Your-Own-Price Auctions and Stochastic Demand

2016 ◽  
Vol 33 (01) ◽  
pp. 1650004 ◽  
Author(s):  
Jianbin Li ◽  
Qifei Wang ◽  
Hong Yan ◽  
Stuart X. Zhu
Keyword(s):  
Supply Chain ◽  
Closed Loop ◽  
New Products ◽  
Stochastic Demand ◽  
List Price ◽  
Pricing Strategies ◽  
Recycling Process ◽  
Closed Loop Supply Chain ◽  
Price Auction ◽  
Name Your Own Price

In this paper, we study recycling, remanufacturing, and pricing strategies of a manufacturer in a closed-loop supply chain. Different from traditional list-price transaction, a name-your-own-price auction is introduced into the recycling process where consumers offer a bid for their own used items and the manufacturer decides whether to accept the bid. We first analyze the consumers’ behavior and find that their bids increase with the dealing cost. Next, we build a newsvendor framework to investigate the manufacturer’s optimal manufacturing with pricing strategies and find that the stocking factor influences the recycling quantity and manufacturing policy. Moreover, we find that a larger salvage value motivates the manufacturer to set a higher stocking factor and thus recycle more as well as manufacture new products. We further investigate the effect of the demand uncertain level and the dealing cost on the system.

The effects of team experience on information sharing through communication

2008 ◽  
Author(s):  
Joshua Ray ◽  
Joan Rentsch ◽  
Lisa Delise ◽  
Abby Mello ◽  
Melissa Staniewicz
Keyword(s):  
Information Sharing ◽  
Team Experience
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