This work expounds on implementing an effective dynamic (s,S) policy to solve a liner shipping refueling and speed determination problem under both bunker prices and consumption uncertainties. While solving an optimization model which incorporates a continuous distribution is extremely...

We incorporate information flow between a supplier and a retailer in a two-echelon model that captures the capacitated setting of a typical supply chain. We consider three situations: (1) a traditional model where there is no information to the supplier prior to a demand to him except for past...

We revisit a foundational theoretical paper in the menu cost literature, Sheshinski and Weiss (1983), one of the few to treat stochastic inflation with persistent deviations from trend. In contrast to the original finding, we find that optimal pricing in this environment entails using different...

We model the inventory decisions of a firm that maximizes its market value, namely, the expected present value of the time stream of dividends issued to its shareholders. The firm is single-product and equity-owned, it orders products from an outside supplier, its only short-term borrowing is...