This paper addresses an inter-temporal inventory competition between a supplier (a provider, manufacturer) and a retailer engaged in a supply chain. The paper's focus is on the effect of capacity constraints on both parties when demands are seasonal. The paper provides a comparative study of two...

Both risk externalities and moral hazard have conjured to induce risks of substantial consequences. These require both complex and creative regulation as well as control to inspect and prevent potential perpetrators. Sovereign maritime and port responsibilities are affected by such problems...

This paper discusses facets of the insurance-finance convergence and their competition. Differences and similarities are emphasized and examples are used to highlight their approaches to pricing. We emphasize situations that are particular to the insurance world, such as non normal risks,...

This paper considers an energy-pollution economic problem which uses a stochastic queue framework. This approach is shown to establish a link between a firm's energy consuming economic activity and its effects on the pollution that it generates as a function of its activity. An economic model is...

Managing risk and safety consists in defining, measuring, estimating, analyzing, valuing-pricing and integrating all facets of risk and their safety-consequential effects (real or not, external, internally induced or use dependent) into a whole system which can contribute to their design,...

The definition and the management of quality has evolved and assumed a variety of approaches, responding to an increased variety of needs. In industry, quality and its control has responded to the need of maintaining an industrial process operating as "expected", reducing the process sensitivity...

Quality claims and quality in fact of financial and industrial products as well as financial and business services are essential to entice and attract customers. For these reasons, firms are often tempted to assert claims that might or might not be met. These claims have risks which cannot...

The purpose of this paper is to price an order (inventory control) policy when markets are complete, assuming that the underlying product ordered (a commodity for example) by an industrial manager for example, can be set to be independent of inventories by using price derivatives (such as Call...

The purpose of this paper is to introduce and construct a state dependent counting and persistent random walk. Persistence is imbedded in a Markov chain for predicting insured claims based on their current and past period claim. We calculate for such a process, the probability generating...