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We investigate the impact of product market competition on firms’ automation investments. We use a rich combination of … competition in export markets tend to reduce investments in automation technologies. These average negative effects are driven by … the least productive firms, while the most efficient exporters in industries that are more prone to automation tend to …
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The second part of the thesis focuses on a different stochastic problem of finding the optimal hedging points in a manufacturing flow control system. Our simulation-based method allows solving large scale systems that are considered very difficult to solve by current standards in the literature.
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We optimize the design of a frequency reward program against traditional pricing in a competitive duopoly, where customers measure their utilities in rational economic terms. We assume two kinds of customers: myopic and strategic (Yilmaz et al. (2016)). Every customer has a prior loyalty bias...
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