Trust acts as an indispensable personal attachment in human relations. Without a doubt, trust is always present where people exist, and of course, there is no exception for the business environment. After witnessing actual trust-deficit cases in supply chain practices, and realising the state of...

Ecuador is one of the least diversified countries in Latin America and the Caribbean, depending heavily on oil and agriculture. This policy paper examines how services and innovation can play a role in transforming the Ecuadorian economy from one based on natural resources to one based on...

Retailers often conduct non-overlapping sequential online auctions as a revenue generation and inventory clearing tool. We build a stochastic dynamic programming model for the seller's lot-size decision problem in these auctions. The model incorporates a random number of participating bidders in...