We analyze an infinite horizon, single product, periodic review model in which pricing and production/inventory decisions are made simultaneously. Demands in different periods are identically distributed random variables that are independent of each other and their distributions depend on the...

Traditional inventory models focus on risk-neutral decision makers, i.e., characterizing replenishment strategies that maximize expected total profit, or equivalently, minimize expected total cost over a planning horizon. In this paper, we propose a framework for incorporating risk aversion in...

Traditional inventory models focus on effective replenishment strategies and typically assume that a commodity's price is exogenously determined. In recent years, however, a number of industries have used innovative pricing strategies to manage their inventory effectively. These developments...

The China Securities Regulatory Commission (CSRC) launched the Campaign for Strengthening Corporate Governance of Public Companies in 2007. As part of this pilot program, public firms were required to report to CSRC whether their boards had established audit committees and whether these audit...

Recent studies have proposed a large set of powerful anomaly-based factors in the stock market.This study examines the role of investor inattention in the corresponding anomalies underlying these factors and other underreaction-related anomalies. Using media coverage as a proxy for investor...

We propose a new concept of S-convex function (and its variant SSQS-convexity) which includes M-natural-convex function as a subclass, and establish its fundamental properties in continuous spaces. A characterization of a twice continuously differentiable S-convex function is provided using its...

Discrete convexity, in particular, L-natural-convexity and M-natural-convexity, provides a critical opening to attack several classical problems in inventory theory, as well as many other operations problems that arise from more recent practices, for instance, appointment scheduling and...

Using overall institutional holdings as the proxy for tax-exempt investors, many existing literature has found mostly unfavorable evidence against dividend clientele theories. This paper categorizes institutions into two types, tax-exempt and non-tax-exempt institutions, to test dividend...

We consider a risk sharing problem in which agents pool their random costs together and seek an allocation rule to redistribute the risk back to each agent. The problem is put into a cooperative game framework and we focus on two salient properties of an allocation rule: stability and...