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SUMMARY:MTEI Seminar by Prof. Yuri Levin\, Queen's School of Business
DTSTART:20150219T140000
DTEND:20150219T153000
DTSTAMP:20260427T233100Z
UID:efaf39a86192afaf7e786ad66f40ae15f57e8bb56fd105d7d60825f4
CATEGORIES:Conferences - Seminars
DESCRIPTION:Prof. Yuri Levin\, Queen's School of Business\n"Quantity Compe
 tition in the Presence of Strategic Consumers"Abstract:\nOligopolistic ret
 ailers decide on the initial inventories of an undifferentiated limited-li
 fetime product offered to strategic consumers. A manufacturer sets the fir
 st-period (full) price\, while the second-period (clearance) price is dete
 rmined by a market clearing process. Resulting symmetric pure-strategy equ
 ilibria may lead to no sales in the first or second period (Cournot outcom
 e versus collusion)\, and sales in both periods with the clearance price a
 bove or at the salvage value. The equilibria possess a comprehensive set o
 f monotonic properties. In particular\, increasing strategic behavior can 
 benefit retailers and hurt consumers\, increasing competition may harm the
  local economy\, and high levels of strategic behavior may insure against 
 oversupply that leads to clearance sales at the salvage value. The welfare
 -optimal number of retailers can lead to the above-cost clearance price.\n
 Joint work with Andrei Bazhanov and Mikhail NediakBio:\nYuri Levin is Dist
 inguished Professor of Operations Management and the inaugural Director of
  Master of Management Analytics programme at Queen's School of Business. H
 e teaches analytical decision making and pricing and revenue optimization 
 courses in MBA\, MMA\, and Executive Education programmes. He holds a Ph.D
 . in Operations Research from Rutgers University in the US where he taught
  in different MBA programmes for 3 years before joining Queen's in 2002. Y
 uri was the 2013 and 2014 recipient of the MBA Professor of the Year Award
  and the 2014 recipient of the Master of Management Analytics Professor of
  the Year Award. He has developed innovative approaches and published wide
 ly in the general area of revenue management and dynamic pricing. He was a
  co-winner of 2013 INFORMS Revenue Management and Pricing Practice Prize f
 or pricing and promotions analysis at Molson Coors Brewing Company and a c
 o-winner of 2009 INFORMS COIN-OR Cup for applications of COIN-OR technolog
 ies in development of novel techniques for cargo capacity management and d
 ynamic pricing. He was also the 2010 recipient of Queen's School of Busine
 ss Award for Research Achievement and 2003 New Researcher Achievement Awar
 d. Yuri is an Associate Editor of Journal of Revenue Management and Pricin
 g. He served as Chair of INFORMS Revenue Management and Pricing section\, 
 Associate Editor of Management Science in the area of Operations Managemen
 t\, and was a Guest Editor of the special issue of European Journal of Ope
 rational Research on Revenue Management and Dynamic Pricing. Yuri's resear
 ch has been funded by the Natural Sciences and Engineering Council of Cana
 da. Yuri has consulted widely on consumer behavior modeling and optimizati
 on of pricing and developed corporate training programmes in strategic ana
 lytics\, operations management and strategic pricing optimization.
LOCATION:ODY 4.03 - VIP Room http://plan.epfl.ch/?zoom=20&recenter_y=58638
 00.12869&recenter_x=731560.22521&layerNodes=fonds\,batiments\,labels\,info
 rmation\,parkings_publics\,arrets_metro&floor=4&q=ODY_4.03
STATUS:CONFIRMED
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