We study the impact of financial innovations on real investmentdecisions within the framework of an incomplete market economy comprisedof fi rms, investors, and an intermediary. The fi rms face uniqueinvestment opportunities that arise in their business operations and canbe undertaken at given...

We study the problem of using information about the type of machine failures to control production. When each station in a two stage flowline has a single machine, the processing time distributions are Erlang, and the time to fail as well repair a machine are exponentially distributed; we show...

We study the impact of financial innovations on real investment decisions within the framework of an incomplete market economy comprised of firms, investors, and an intermediary. The firms face unique investment opportunities that arise in their business operations and can be undertaken at given...

We study the problem of using information about the type of machine failures to control production. When each station in a two stage flowline has a single machine, the processing time distributions are Erlang, and the time to fail as well repair a machine are exponentially distributed; we show...