same time, to generate demand information that benefits screening for viable projects. I characterize the profit …

In the economics literature, the Consumer Surplus is traditionally defined for the case where demand is a deterministic … function of the price. However, in most operations management problems, demand is assumed to be stochastic, and hence stock … demand uncertainty. We present a general extension of the Consumer Surplus for multiple products under stochastic demand with …

is significant. Even with this risk of losing flexibility under significant demand variation, for some parameter values …We consider a simple Stackelberg model with demand uncertainty only for the first mover in order to compare the … the presence of demand uncertainty. We find that only when the realized demand is in an intermediate zone does the first …