{"414671":{"#nid":"414671","#data":{"type":"event","title":"PhD Defense by Narendra Singh","body":[{"value":"\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EPhD Defense by Narendra Singh\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EScheller College of Business\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;Monday, June 29\u003Csup\u003Eth\u003C\/sup\u003E from 2:00pm to 3:30pm in Room 221. \u003C\/p\u003E\u003Cp\u003E----------------------------------------------------------\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EArea:\u003C\/strong\u003E Operations Management\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u0026nbsp;\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003ECommittee\u0026nbsp;Members:\u003C\/strong\u003E Dr. Ravi\u0026nbsp;Subramanian\u0026nbsp;(co-chair), Dr. Karthik Ramachandran (co-chair),\u0026nbsp;Dr. Stylianos Kavadias (University of Cambridge), Dr.\u0026nbsp;L. Beril Toktay,\u0026nbsp;and Dr. Morvarid Rahmani\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u0026nbsp;\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003ETitle:\u003C\/strong\u003E Product Strategies in Supply Chains\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u0026nbsp;\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EDissertation Overview:\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u0026nbsp;\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EMy doctoral dissertation titled \u201cProduct Strategies in Supply Chains,\u201d consists of three essays. I study firms\u2019 strategic decisions regarding design of products and product lines in different supply chain contexts. I focus on firms\u2019 strategic interactions with supply chain members, including consumers and suppliers, in dynamic environments. The first essay of my dissertation studies the effect of supplier power and information structure on an OEM\u2019s product design decisions. The other two essays of the dissertation focus on product returns and remanufacturing in the presence of strategic consumers and competition from third-party remanufacturers. In the following paragraphs, I summarize the research motivations and the main insights of the essays in my dissertation.\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u0026nbsp;\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EEssay 1:\u003C\/strong\u003E \u003Cstrong\u003EProduct Quality and the Value of Information Asymmetry under Supplier-Specified Contracts\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EOriginal equipment manufacturers (OEMs) sometimes face the dilemma of whether to make an essential component of a product in-house or to source it from a supplier. Though sourcing from a supplier with a more favorable cost structure than the OEM could result in higher overall supply-chain profit, the supplier could potentially dictate contract terms and thus leave a lower share of the profit for the OEM. In this paper, we investigate implications of the relative cost efficiencies of the supplier and the OEM\u2019s in-house option on the OEM\u2019s choice of product design quality and subsequent contract outcomes. We model the problem as a dynamic game, wherein the OEM chooses product design quality in the first stage (determined by the design quality of a critical component), followed by the supplier offering a contract for supplying the critical component. The supplier has a more favorable cost structure than the OEM\u2019s in-house option for manufacturing the critical component. Thereafter, the OEM either accepts the supplier\u2019s offer or chooses her in-house option, and sells the product in the consumer market. Contrary to intuition, the supplier\u2019s ability to offer a two-part tariff contract need not always benefit the supplier. In fact, a two-part tariff contract, compared to a price-only contract offered by the supplier, leaves both the OEM and the supplier worse off when the cost competitiveness of the OEM\u2019s in-house option is sufficiently low. We also investigate the impact of information asymmetry regarding the cost structure of the OEM\u2019s in-house option. Counterintuitively, information asymmetry may be desirable not only for the OEM, but also for the supplier.\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u0026nbsp;\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EEssay 2:\u003C\/strong\u003E \u003Cstrong\u003EThe Value of Product Returns: Intertemporal Product Management with Strategic Consumers\u003C\/strong\u003E \u003C\/p\u003E\u003Cp\u003EConsumer product returns are a significant and growing concern in many industries, and firms typically deem returns to be undesirable. Firms may refurbish these returns to recover value, thereby allowing them to extend their product offering over time to new and refurbished products. We study the impact of returns on the intertemporal product strategy of a firm facing forward-looking or strategic consumers, who anticipate future availability and prices of products, and time their purchases to maximize net utility. Using a two-period model, we find that for sufficiently high return rates, the firm not only offers the refurbished product alone in the second period but also refurbishes all of the first-period returns. Importantly, we show that returns may act as a device for the firm to mitigate the well-known time inconsistency problem. Specifically, when the return rate is sufficiently high, the firm\u2019s incentive to recover value from returns by refurbishing results in a reduction \u2013 and eventually elimination \u2013 of the incentive to offer the new product in the second period. Thus, a sufficiently high return rate allows the firm to implicitly commit that the new product will be offered exclusively in the first period, and therefore charge a premium for it. As a result, firm profit could increase with the return rate.\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u0026nbsp;\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EEssay 3: The Value of Competition in Remanufacturing\u003C\/strong\u003E \u003C\/p\u003E\u003Cp\u003EIn line with the general perception among practitioners, the extant literature on remanufacturing shows that an OEM\u2019s profit suffers when a third-party remanufacturer competes with the OEM\u2019s remanufacturing operations. Accordingly, the literature recommends ways to deter third-party competition. However, competition for used products (or product cores) can influence the price of new products because forward-looking customers consider the resale value of new products when making their purchase decisions. In our model, an OEM offers a new product that depreciates over time. The OEM has an opportunity to acquire and remanufacture depreciated used products for sale in the subsequent period. A third-party remanufacturer also competes with the OEM for acquisition and remanufacturing of the used products. We investigate the impact of competition from the third-party remanufacturer on the OEM\u2019s product strategy and profit in the presence of strategic consumers. Of specific interest is whether competition from the third-party remanufacturer is always undesirable for the OEM when they both face strategic consumers. \u003C\/p\u003E\u003Cp\u003E \u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":[{"value":"Product Strategies in Supply Chains"}],"uid":"27707","created_gmt":"2015-06-15 09:44:13","changed_gmt":"2016-10-08 02:12:14","author":"Tatianna Richardson","boilerplate_text":"","field_publication":"","field_article_url":"","field_event_time":{"event_time_start":"2015-06-29T15:00:00-04:00","event_time_end":"2015-06-29T16:30:00-04:00","event_time_end_last":"2015-06-29T16:30:00-04:00","gmt_time_start":"2015-06-29 19:00:00","gmt_time_end":"2015-06-29 20:30:00","gmt_time_end_last":"2015-06-29 20:30:00","rrule":null,"timezone":"America\/New_York"},"extras":[],"groups":[{"id":"221981","name":"Graduate Studies"}],"categories":[],"keywords":[{"id":"1072","name":"Business"},{"id":"1366","name":"defense"},{"id":"1808","name":"graduate students"},{"id":"913","name":"PhD"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[{"id":"1788","name":"Other\/Miscellaneous"}],"invited_audience":[{"id":"78771","name":"Public"}],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}