Experimental literature that has looked at newsvendor decision-making documents a phenomenon called demand chasing wherein a decision-maker adjusts her order quantity in each period toward the demand realization in past period. This behavior is so obviously “irrational” (given the typical newsvendor setup where each period’s demand is statistically independent …

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While Prof. Sridhar Seshadri and I were co-teaching a PhD course where we were reading John Sterman’s paper on determistic chaos (Sterman, J., 1989. Deterministic Chaos in an Experimental Economic System Journal of Economic Behavior and Organization.), we were discussing the possibility of how determistic customer demands in simple …

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Manufacturing sector in India is projected to have a very large short-fall of skilled workers (90 million by the year 2022, according to National Skills Development Corporation). Executives consistently stress that “skill development is the most pressing challenge to the manufacturing sector in India” (report from World Economic Forum). Recommendation …

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I had obtained data on the prices and the popularity rank of some 600 odd products from Flipkart.com website for a different project. Given that I had this data, it seemed like an interesting experiment to see if conventional wisdom that marketers like to have prices end in ‘9 …

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