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UID:20251105T074505EST-9042VCma0z@132.216.98.100
DTSTAMP:20251105T124505Z
DESCRIPTION:Luyi Yang\n\nUC Berkeley\n\nToo Good to Go: Combating Food Wast
 e with Surprise Clearance\n\nDate: Friday\, November 7\, 2025\n	Time: 11:00
  AM - 12:00 PM\n	Location: Bronfman Building\, Room 260\n\n\nAbstract\n\nTh
 is paper studies surprise clearance as an innovative business model to inc
 rease store profit and reduce food waste. A store holding surprise clearan
 ce sells “surprise bags” composed of surplus food that would otherwise go 
 to waste. At the time of ordering\, consumers are uncertain about the quan
 tity of food items included in a surprise bag. We model surprise clearance
  and compare it with both no clearance and transparent clearance\, which s
 ets a transparent unit clearance price based on the amount of surplus food
  after regular sales. We find that surprise clearance achieves the highest
  store profit and induces the most store production among the three sellin
 g schemes. While both clearance schemes have the ability to eliminate stor
 e waste\, the store effectively does so under surprise clearance but delib
 erately does not under transparent clearance. In fact\, transparent cleara
 nce may generate even more store waste than no clearance. Further\, both c
 learance schemes exacerbate the problem of consumer waste compared to no c
 learance\, and despite zero store waste\, surprise clearance generates the
  most consumer waste among the three schemes. If clearance sales target a 
 consumer segment with a sufficiently low valuation of consumption\, both c
 learance schemes reduce total food waste and surprise clearance represents
  a win-win solution that maximizes store profit and minimizes total waste 
 among the three schemes. However\, there are circumstances under which bot
 h clearance schemes fail to reduce total waste\, and surprise clearance ma
 y end up with the most total waste among the three schemes.\n
DTSTART:20251107T160000Z
DTEND:20251107T170000Z
LOCATION:Room 260\, Donald E. Armstrong Building\, CA\, QC\, Montreal\, H3A
  3L1\, 3420 rue McTavish
SUMMARY:Management Science Research Centre (MSRC) Seminar: Luyi Yang
URL:/bensadoun-school/channels/event/management-scienc
 e-research-centre-msrc-seminar-luyi-yang-368698
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