讲座题目：On the Benefit of Privatization in a Mixed Duopoly Service System
演讲人：Professor Pengfei Guo (The Hong Kong Polytechnic University)

讲座时间：2019年4月22日16:30-17:30

讲座地点：嘉庚二203

主持人：庄伟芬（皇冠hg1088官方管理科学系教授）

讲座摘要：

We consider a mixed duopoly service system in which a profit-maximizing private service provider (SP) competes against a welfare-maximizing public SP (or equivalently, a social planner). The two SPs’ service quality is differentiated and customers are heterogeneous on quality taste. We first consider the scenario where premium service is provided by the private SP and the regular one by the public SP. We show that welfare can be improved if the public SP is privatized and there exists an optimal level of privatization for the public SP in terms of welfare maximization; under some conditions, full privatization is optimal. We then extend our analysis to the other scenario where the premium service is provided by the public SP and the regular one by the private SP, and obtain similar findings. By comparing the maximal welfare of the two scenarios, we find that the latter scenario prevails when the service rate or/and the service quality of the premium service is/are relatively high. Furthermore, under the prevailed scenario, partial privatization is adopted.

演讲人简介：

Pengfei Guo is a full professor in the Department of the Logistics and Maritime Studies at the Faculty of Business of the Hong Kong Polytechnic University. He joined the Hong Kong Polytechnic University in 2007, after having obtained his Ph.D. degree in business administration from Duke University. He got a bachelor degree from Xi’an Jiaotong University and a master degree from Shanghai Jiao Tong University. His main research interest is on the design and control of service systems with strategic customers and he is also interested in inventory and supply chain management. He has published 31 papers and 13 of them are published on the UTD journals such as Management Science, Operations Research, Manufacturing & Service Operations Management and Production and Operations Management. He is currently serving as a senior editor for Production and Operations Management.