Seminars

Joint ME/IE 8773-8774 Seminar

Online Auction and List Price Revenue Management

by

René A. Caldentey
Assistant Professor of Operations Management
Department of Information, Operations,
& Management Sciences
Stern School of Business, New York University
44W 4th Street, KMC 8-77
New York, NY 10012
Phone: 212-998-0298; Fax: 212-995-4227
E-mail: rcaldent@stern.nyu.edu


Wednesday, December 15, 2004
3:30-5:00 p.m.
Room 1130 ME
Coffee and cookies will be available at 3:15 p.m. before and after the seminar

Abstract:

We analyze a revenue management problem in which a seller, facing a Poisson arriving stream of rational customers, operates an online multiunit auction. The seller announces the auction duration, the reservation price, and the number of units to offer in order to maximize revenues. Besides the auction, customers have access to an alternative list price channel to buy the product. This list price channel can be either managed by the auctioneer or by another firm. (Joint work with Gustavo Vulcano, NYU)


Bio:

René Caldentey is an assistant professor of operations management at New York University Stern School of Business. Professor Caldentey joined NYU Stern in 2001. His primary research interests include stochastic modeling with applications to revenue and retail management, queueing theory, and finance. He has been published in numerous journals including Manufacturing and Service Operations Management Journal, Operations Research, and Queueing Systems. Before joining NYU Stern, Professor Caldentey worked for the Chilean Central Bank and taught at the University of Chile and The Sloan School of Management at Massachusetts Institute of Technology (MIT). Professor Caldentey received his Master of Arts in civil industrial engineering from the University of Chile and his Doctor of Philosophy in operations management from MIT.

Informal Faculty Luncheon: Wednesday, December 15, 2004, 12:00 noon. Meet in 1100 ME and walk to lunch with other faculty. Prof. René A. Caldentey will be able to attend.