In this dissertation, we consider an inventory sharing and rationing problem in continuous-review, infinite-horizon, distribution networks. Unlike previous literature on inventory sharing, we model inventory sharing as a multiple demand classes problem in which each dealer faces two classes of...

In this dissertation, two research topics are investigated: the demand information asymmetry in a decentralized inventory sharing supply chain and the quality-based supplier selection. For the first research topic, previous literature on inventory sharing has assumed that retailers' demand...

During the recent financial crisis, capital flow to hedge funds plunged, and competition among hedge fund managers intensified. This leads to a transfer of bargaining power from hedge fund managers to investors when negotiating fund managers' compensation contracts. We use a signaling game...

In this study, we examine the effect of worldwide board reforms on the cost of debt financing. We find an overall increase in loan spreads in countries that initiate board reforms versus those without the reforms, which suggests that board reforms strengthen the power of shareholders at the cost...

Service has become an important factor that affects insurance holders' purchase behaviors, competition between insurance companies, and even the survival of insurance companies. This paper first introduces the service quality into the optimal investment problem between two competing insurance...

The present paper studies time-consistent solutions to an investment-reinsurance problem under a mean-variance framework. The paper is distinguished from other literature by taking into account the interests of both an insurer and a reinsurer jointly. The claim process of the insurer is governed...

Problem Definition: In 1992, FDA instituted the accelerated approval pathway (AP) to allow promising drugs to enter the market based on limited evidence of efficacy, thereby permitting manufacturers to verify true clinical benefits through post-market studies. However, most post-market studies...

Rising supply chain costs are one of the major factors that have caused rapid growth in overall healthcare spending. Supply chains in the healthcare industry are difficult to manage particularly due to their complexity and the uncertainties involved. This chapter starts with an overview of the...