We study dynamic operational decision problems where risky cash flows are being resolved over a finite planning horizon. Financing decisions via lending and borrowing are available to smooth out consumption over time with the goal of achieving some prescribed consumption targets. Our...

This paper studies distribution channel structure strategies (to centralize or decentralize) for two competing supply chains that sell substitutable products with price and lead-time sensitive demand. We find that centralization (decentralization) associates with itself a price (lead-time)...

Problem definition: We study a supply chain with one supplier and one retailer. The supplier sets the wholesale price to maximize her profit, whereas the retailer is target-oriented and decides the order quantity to maximize his ability to reach a target profit. Academic/Practical relevance: Our...

Problem Definition: Unoccupied waiting feels longer than it actually is. Service providers operationalize this psychological principle by offering entertainment options in waiting areas. A service cluster with a common space provides firms with an opportunity to cooperate in the investment for...

This paper studies the impact of supply chain power structure on firms' profitability in an Assemble-to-Order (ATO) system with one assembler and two component suppliers. Between the assembler and each of its suppliers, either the supplier has dominating power and acts as the Stackelberg leader...

For a decentralized supply chain with one supplier and two retailers that face uniformly distributed end-customer demands, a scheduled balanced ordering policy (SBOP) is one in which the two retailers take turns to order freely in one period of a two-period cycle, and receive a fixed shipment in...