This paper examines the dynamic asymmetric relationship between changes in the Reserve Bank of Australia’s (RBA) cash rate and the interest rate for small business loans using monthly data (1990–2011). The results provide support for the rockets-and-feathers hypothesis with respect to both...

This paper examines the dynamic and switching effects of volatility spillovers arising from US stock market returns and GDP growth on those of Australia, Canada and the UK. For this purpose, we use quarterly data (1961q1--2013q1) and a constant probability Markov regime switching model. We found...

Two recent papers on managing new product diffusion decisions under production constraints reach somewhat contradictory conclusions. Ho et al. (Ho, T.-H., S. Savin, C. Terwiesch. 2002. Managing demand and sales dynamics in new product diffusion under supply constraint. <i>Management Sci.</i> <b>48</b>(2)...

We consider the problem of allocating a single server to a system of queues with Poisson arrivals. Each queue represents a class of jobs and possesses a holding cost rate, general service distribution, and general set-up time distribution. The objective is to minimize the expected holding cost...

We consider the interrelated problems of (1) quoting a due date to each customer arriving to a production system modeled as a single-server queue and (2) sequencing customer orders once they are in the system. We allow several different classes of customers, each with different preferences for...

We consider a two-location production/inventory model where each location makes production decisions and is subject to uncertain capacity. Each location optimizes its own profits. Transshipment (at a cost) is allowed from one location to another. We focus on the question of whether one can...

We address an assembly problem, motivated by flat panel display manufacturing, where the quality (or performance) of the final product depends upon characteristics of the components to be assembled, which are not constant from component to component. We analyze the tradeoff between the increase...

We consider the problem of quoting customer lead times in a manufacturing environment under a variety of modeling assumptions. First, we examine the case where capacity is infinite. For this case, we derive a closed-form expression for the optimal lead time quote. Second, we consider the case...

We model a CONWIP (CONstant Work-in-Process) production line with deterministic processing times and exponential failure and repair times as a closed queueing network. We derive an approximation for the mean and variance of the output during a specified interval and give computable conditions...

We consider sealed- and open-bid total-cost procurement auctions where two attributes are used for contract award decisions: price, which is bid by the supplier, and a fixed cost adjustment, which is included by the buyer to capture nonprice factors such as logistics costs. Suppliers know only...