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In each of the asset and liability markets in which the banking firm is an intermediary, typically there are instruments with differing maturities. The bank matching book problem is to manage the term structures of assets and liabilities. In our first model, the bank borrows and lends only short...
Persistent link: https://www.econbiz.de/10009218085
industrial organization that studies incentives for vertical controls largely ignores the effect of inventories. Does the ability … to carry inventory influence the problem of vertical control? Conversely, can inventories arise purely due to incentive … effects? This paper explicitly considers both incentives and inventories, and their interplay, in a dynamic model of an …
Persistent link: https://www.econbiz.de/10009203817
Consider an inventory system with multiple supply sources and Poisson demand. The replenishment lead times from each source are stochastic, representing congestion and disruption. We develop performance evaluation and optimization tools for a family of reasonable order policies. These policies...
Persistent link: https://www.econbiz.de/10009198189