III Seminario Académico del Ciclo Economía y Empresa 2013

Volver

Sala R03, edificio del Reloj; Las Condes

10 de May, 2013 12:30 AL 10 de May, 2013 14:00

El profesor Andrés Musalem de Duke University expondrá, esta vez, acerca de su paper "Measuring the Effect of Queues on Customer Purchases", a las 12:30 horas en la sala R 03, del edificio del Reloj.

Andrés Musalem es Assistant Professor of Marketing, en Duke University y profesor visitante de la Universidad de Chile. Es Ph.D. en Marketing, The Wharton School, University of Pennsylvania; A.M. en Estadística, The Wharton School, University of Pennsylvania y MBA de la Universidad de Chile.

Sus áreas de especialización son Marketing Cuantitativo, Intersección entre Marketing y Gestión de Operaciones, Organización Industrial Empírica y Econometría Bayesiana.

Investigación

Measuring the Effect of Queues on Customer Purchases (descargar PDF)

Autores: Yina Lu, Andrés Musalem, Marcelo Olivares, Ariel Schilkrut
November 6, 2012

Abstract

We conduct an empirical study to analyze how waiting in queue in the context of a retail store affects customers’ purchasing behavior. Our methodology combines a novel dataset with periodic information about the queuing system (collected via video recognition technology) with point-of-sales data. We find that waiting in queue has a non-linear impact on purchase incidence and that customers appear to focus mostly on the length of the queue, without adjusting enough for the speed at which the line moves. An implication of this finding is that pooling multiple queues into a single queue may increase the length of the queue observed by customers and thereby lead to lower revenues. We also find that customers’ sensitivity to waiting is heterogeneous and negatively correlated with price sensitivity, which has important implications for pricing in a multi-product category subject to congestion effects.
Keywords: queuing, service operations, retail, choice modeling, empirical research, operations/marketing