Showing 1 - 10 of 33
This paper analyzes the optimal strategy of a monopoly facing stochastic and dynamic demand and choosing a Cournot-type strategy, more precisely, adjusting its output. This investigation is motivated by the decisions of OPEC to adjust its output and by the again high and volatile oil prices. The...
Persistent link: https://www.econbiz.de/10011116949
This paper is concerned with solving a vendor–buyer integrated inventory problem with rework and a specific multi-delivery policy by a two-phase algebraic approach. Conventional method to the problem is to use differential calculus and Hessian matrix equations to prove convexity of system cost...
Persistent link: https://www.econbiz.de/10010729841
This paper examines a vendor–buyer integrated system that includes rework and an enhanced product delivery policy that aims at lowering stock holding costs for both the vendor and the buyer. It extends the recent work of Chiu et al. (2011) by incorporating an amending ‘n+1’ shipment policy...
Persistent link: https://www.econbiz.de/10010737963
A theory of a wealth maximizing, capital accumulating, price taking firm facing adjustment costs and operating in the presence of disembodied and price-induced technical progress is developed. The testable implications of the extended theory are derived under mild assumptions and are thus...
Persistent link: https://www.econbiz.de/10010737995
We comparatively study optimal economic growth in a simple endogenous growth model and under two different games, i.e., dynamic sequential game and cooperative stochastic differential game, between a representative household and a typical self-interested politician. Sequential equilibrium...
Persistent link: https://www.econbiz.de/10010738012
We explore the role of habit formation in housing in explaining the life-cycle household allocations. Empirical studies about households in the U.S. reveal that the housing profile increases monotonically until age mid-60s and then flattens out. The model is realistically calibrated and solved...
Persistent link: https://www.econbiz.de/10010738028
Firms' quality commitment can efficiently improve the demand. This paper addresses the quality commitment under the duopoly. By establishing a Cournot model, the effects of quality commitment are discussed. Firstly, under one-sided quality commitment, the higher efficiency firm committing in...
Persistent link: https://www.econbiz.de/10010738032
Operating in highly competitive global markets, management of the contemporary corporations constantly seeks to cut down various operating costs, such as inventory holding costs in the production units and their affiliated retailers. For the purpose of reducing stock holding cost, this paper...
Persistent link: https://www.econbiz.de/10010781960
This study examines the relationship between time-varying risk perceptions of investors towards major European countries and Turkey. In that manner, we first obtain the dynamic conditional correlations between the credit default spreads (CDSs) of Turkey and 13 European countries from September...
Persistent link: https://www.econbiz.de/10010782005
This study investigates changes in productivity of general insurance firms in Malaysia for the period from 2008 to 2011. Moreover, this study examines the impact of intellectual capital on changes in productivity. In the first stage, this study applies the Malmquist productivity index (MPI) of...
Persistent link: https://www.econbiz.de/10011048737