We introduce a class of models, called newsvendor networks, that generalizes the well-known newsvendor model along three dimensions. Newsvendor networks model the flow of multiple products through multiple processing and storage points over multiple time periods. Such models provide a...

This paper studies how judicious resource allocation in networks mitigates risk. Theory is presented for general utility functions and mean-variance formulations and is illustrated with networks featuring resource diversification, flexibility (e.g., inventory substitution), and sharing...

We present an integrated approach to pricing and scheduling for services that are differentiated in terms of throughput, delay and loss specifications. The key building block to the model are quality value curves that specify a user's value of higher quality levels. From the analysis emerges a...