We consider a quantity flexibility contract in a supply chain, under price dependent demand. The demand is random and follows a multiplicative model. We show that the retail price that maximizes expected retailer profits, is higher than the price that would maximize profits if there was no...

The PTCA procedure or angioplasty is a major strategy in the treatment of Coronary Artery Disease. In this article, we forecast the demand for PTCA procedures on a monthly basis using past data. There are a total of 80 hospitals in the country wherein PTCA procedures are currently performed. Of...

Consider a category of product variants distinguished by some attribute such as color or flavor. A retailer must construct an assortment for the category, i.e., select a subset variants to stock and determine purchase quantities for each offered variant. We analyze this problem using a...

Human development, reflected in the status of people's levels of health and education, affects future growth and, in turn, is affected by decentralization. Unlike earlier exclusive emphasis on budgetary issues, this study focuses on the impact of fiscal decentralization on the level of human...