Motivated by the advantage of just-in-time philosophy, zero-inventory is common in many industries, especially the ones that need fast response with a short lifespan. Accordingly, this paper focuses on coordinated production scheduling and distribution operation problems considering DeJong’s...

Recent studies in the innovation literature show that Foreign Direct Investment (FDI) enhances innovations in recipient countries through spill-over effects. In this paper we extend the existing literature by incorporating the corruption index in the estimation procedure. Using a cross-country...

<link rid="b11">Goyal and Santa-Clara (2003)</link> find a significantly positive relation between the equal-weighted average stock volatility and the value-weighted portfolio returns on the NYSE/AMEX/Nasdaq stocks for the period of 1963:08 to 1999:12. We show that this result is driven by small stocks traded on the...