Showing 1 - 10 of 45,185
Persistent link: https://www.econbiz.de/10011741775
, (ii) aggregate demand and (iii) oil-specific demand shock, by proposing the Information Criterion model averaging as a … demand shock, and more persistent following an oil specific demand shock …
Persistent link: https://www.econbiz.de/10014238297
Persistent link: https://www.econbiz.de/10014305241
We examine the relation between demand uncertainty and firms' production outsourcing decisions. Contrary to the … traditional view on make-or-buy decisions in management accounting textbooks, we predict that demand uncertainty deters … demand uncertainty is high, these transaction costs can outweigh the supplier's cost advantage, leading to less outsourcing …
Persistent link: https://www.econbiz.de/10012904065
theory, predicting that greater risk reduces contestants' incentives to exert effort. Moreover, the equilibrium prize spread … ambiguity adversely affects business unit managers' effort choices, project risk can partly offset the adverse effect of … is shown to decrease with ambiguity and increase with project risk. Finally, while greater project risk is unequivocally …
Persistent link: https://www.econbiz.de/10013004592
Using a vertically related multi-layer newsvendors framework this paper analyzes the impacts of market uncertainties and asymmetric information between firms at successive stages of a supply chain on their optimal stocking (and/or pricing) decisions. The asymmetric information along the supply...
Persistent link: https://www.econbiz.de/10012861175
This paper studies the implications for reserve lifetime and related quantities in a continuous time model of resource extraction under uncertainty. Both the resource price and the extracted amount are assumed to follow stochastic processes. Reserve lifetime is determined by the...
Persistent link: https://www.econbiz.de/10013061983
We provide results for an efficient analytical valuation of partial moments of the multivariate Gaussian distribution over convex polyhedrons to aid the solution, sensitivity analysis and structural analysis of a large number of two-stage resource acquisition and allocation problems. These...
Persistent link: https://www.econbiz.de/10014184708
We consider a multi-product newsvendor under the law-invariant coherent risk measures. We first establish a few … fundamental properties of the model regarding the convexity of the problem, the symmetry of the solution and the impact of risk … aversion. Specifically, we show that for identical products with independent demands, increased risk aversion leads to …
Persistent link: https://www.econbiz.de/10014200015
, by incorporating the conditional value at risk (CVaR), the risk induced by uncertain demand is explicitly considered. The … relocatable modular capacities. A robust supply network configuration must be determined based on uncertain demand. Furthermore … derived supply network configuration is robust and stable in the presence of uncertain demand …
Persistent link: https://www.econbiz.de/10014237572