We study the optimal pricing of a finite quantity of seasonal goods in the presence of forward-looking strategic customers. The arrival rate of customers is unknown, and we assume the retailer and customers have the same initial belief about the arrival rate based on the information from...

We consider a seller who sells a product over T discrete period in the season. The arrival rate of customers is known but the parameter of customer sensitivity to price is unknown. We assume that the seller has a prior belief in this parameter, which is updated using the Bayesian rule. The...

This study assesses the fire safety risks associated with compressed natural gas (CNG) vehicle systems, comprising primarily a typical school bus and supporting fuel infrastructure. The study determines the sensitivity of the results to variations in component failure rates and consequences of...

The objective of this paper is to develop a conceptual framework for applying yield management in manufacturing. We demonstrate the existence of close links between airline and manufacturing industries as far as some decision support problems are concerned. The yield management (YM), introduced...

Coordination of decentralized supply chains using contract design is a problem that has been widely addressed in the literature. We consider a divergent supply chain including a supplier and several retailers producing fashion products with short sale seasons. The retailers cooperate with the...

One concern of many investors is to own the assets which can be liquidated easily. Thus, in this paper, we incorporate portfolio liquidity in our proposed model. Liquidity is measured by an index called turnover rate. Since the return of an asset is uncertain, we present it as a trapezoidal...

This paper is concerned with the study of the constant due-date assignment policy in repetitive projects, where the activity durations are exponentially distributed random variables. It is then extended to the case where activity durations follow generalized Erlang distributions. The main...

Pricing and availability of tickets have always been a source of confusion for customers in transportation industries. What is the best time to buy tickets? Why passengers taking the same flight might pay significantly different prices for the same seat? Why round trip tickets between two cities...