This paper is the first part of a project that will examine the role of MNCs in the transfer of FMS technology. The paper is the result of a hypotheses generating phase conducted largely through a literature review. Multinational corporations (MNCs) are the principal agents of international...

Inventory control is among the most important topics in operations research because of large investments in inventory and their effect on the profitability of the firms. A systematic analysis of inventory problems began with the development of the classical EOQ formula of Ford W. Harris in 1913,...

A mixed optimization technique for optimal machine replacement is presented which allows much more flexibility than previous models. Optimal purchase, maintenance and sale of a given machine between any two given points in time is treated as a subproblem, which one may choose to solve via...

In a multiperiod decision problem it is usually the decisions in the first or first few periods that are of immediate importance to the manager. Decision/Forecast horizon (DH/FH) research deals with the question of whether optimal decisions in the first or first few periods (known as DH) can be...

We establish the computational complexity of the problem of minimizing makespan in a flowshop, where each jobs requires a pallet the entire time, from the start of its first operation until the completion of the last operation. We prove that the problem is NP-hard in the strong sense for m =2...

Cooperative advertising is a key incentive offered by a manufacturer to influence retailers' promotional decisions. We study cooperative advertising in a dynamic retail duopoly where a manufacturer sells his product through two competing retailers. We model the problem as a Stackelberg...

Cooperative advertising is an important mechanism used by manufacturers to influence retailers' promotional decisions. In a typical arrangement, the manufacturer agrees to reimburse a fraction of a retailer's advertising cost, known as the subsidy rate. We consider a case of new product adoption...

We investigate firms' re-manufacturing strategies in the case of a Cournot duopoly. On one hand, re-manufactured products cannibalize sales of new products by the same firm and hurt its profits. On the other, re-manufacturing can be a profitable marketing strategy to target different customer...

We address the problem of finding an optimal financing mix of retained earnings and external equity for maximizing the value of a firm subject to random returns. The problem is formulated as a singular stochastic control for a diffusion process, and the value function satisfies a free-boundary...

We consider optimal consumption and portfolio investment problems of an investor who is interested in maximizing his utilities from consumption and terminal wealth subject to a random inflation in the consumption basket price over time. We consider two cases: (i) when the investor observes the...