, (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 …

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 …

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 …

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 …

, 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 …