Recent empirical studies find that options trading enhances firm value by allowing for a more efficient allocation of firm resources. In this paper, we develop and test the hypothesis that, in addition to a more efficient allocation of firm resources, options trading also enhances firm value...

Companies can gain significant advantages from the integrated optimization of production, inventory, and routing in a supply chain. The production routing problem (PRP), which aims to jointly optimize production, inventory, and vehicle routing, is motivated in this fashion. In actuality, the...