College Park, Md. - January 28, 2008 - New research from the University of Maryland's Robert H. Smith School of Business finds that consumers save billions of dollars annually by buying goods through the online auction site eBay more than $7 billion in 2003, according to researchers. The study marks the first time this benefit to the overall economy has been quantified. The flip side of these benefits, however, is that sellers are leaving billions on the table that they could have charged buyers by setting higher prices.
Galit Shmueli, associate professor of management science and statistics, is co-author of Data Mining for Business Intelligence: Concepts, Techniques, and Applications in Microsoft Office Excel with XLMiner, with Nitin R. Patel and Peter C. Bruce.
Research by Wolfgang Jank and Galit Shmueli
Anand Anandalingam, Ralph J. Tyser Professor of Management Science, and Michael Ball, Orkand Corporation Professor of Management Science, have been selected as the co-program chairs for the Annual INFORMS conference to be held in Washington, D.C., in November 2008.
Edwin A. Locke, professor emeritus of management and organization, has won the James McKeen Cattell Fellow Award from the American Psychological Society. He received the award at APS 18th Annual Convention, May 25-28, 2006. Locke is the most published organizational psychologist in the history of the field. His pioneering research focused on work motivation and job satisfaction, and he is well-known for his publications on goal-setting theory.
Galit Shmueli, assistant professor of decision and information technologies, and Wolfgang Jank, assistant professor of decision and information technologies, investigate the bidding dynamics of auctions in their paper “Modeling the Dynamics of Online Auctions: A Modern Statistical Approach.” Shmueli and Jank describe the process as similar to that of studying a NASCAR race. Rather than focusing solely on the winner’s score, they look at route, speed, acceleration and other dynamic characteristics.