From the Classics to New Tunes: A Neoclassical View on Sharing Economy and Innovative Marketplaces
33 Pages Posted: 23 Mar 2019 Last revised: 20 Aug 2020
Date Written: February 27, 2019
Operations management has the tradition of coming from and going back to real-life applications. It deals with the management of the process of matching supply with demand. The emerging business process in a sharing economy or an innovative marketplace calls for active management. We take a neoclassical perspective by drawing inspiration from the classic models in operations management and economics. We aim at building connections and identifying differences between those traditional models and the new applications in sharing economy and innovative marketplaces. We also point out potential future research directions.
Keywords: sharing economy, innovative marketplace, supply chain management, inventory theory, revenue management, queueing theory, newsvendor, strategic consumer behavior, two-sided competition
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