Inventory models with lost sales and large lead times are notoriously difficult to manage due to the curse of dimensionality. Recently, Goldberg et al. (2016) and Xin and Goldberg (2016) proved that in the lost-sales inventory model with divisible products, as the lead time grows large, a simple...

We study an assortment optimization problem under a multi-purchase choice model in which customers choose a bundle of up to one product from each of two product categories. Different bundles have different utilities and the bundle price is the summation of the prices of products in it. For the...

In low-density rural areas, implementing traditional public transportation can be challenging due to the first-and-last-mile problem. With the development of transformative technologies, an online ride-sharing platform can be a solution to address the rural mobility problem by offering on-demand...

Online marketplaces (OMs) operate as intermediaries connecting sellers to consumers. An OM typically determines the assortment of the sellers displayed on its platform and charges commission fees on the sales of selected sellers to maximize its expected revenue. Each selected seller, to maximize...

We consider a partially observable inventory system in which the inventory level can only be observed when it reaches zero, the unmet demand is lost, and replenishment orders must be decided so as to minimize the long-run average cost. This problem has an infinite-dimensional state space and is...

Loan guarantees to related parties by affiliated subsidiaries within family controlled pyramids form a means by which the controlling family expropriates value from minority shareholders. The controlling family, however, will attempt to escape blame for the behavior. Using a sample of 1785...

To the authors’ knowledge, most research to date has concerned the conventional extractive distillation (CED) to separate acetone/ n -heptane binary azeotrope. In this paper, the extractive dividing wall column (EDWC) technique is utilized aiming at improving the economy, environmental...

Search for high-performance thermoeletric materials are attractive in directly conversion between heat and usuful powers for relieving the energy crisis nowdays. SnTe alloy is always expected to be one ecofriendly candidate, however, its low conversion efficiency has severly limited the...

Lin, Cai, and Li [Lin, Y., Cai, F., Li, Z., 1998. Competition, policy burdens, and state-owned enterprise reform. American Economic Review 88, 422-327] argue that under information asymmetry, SOE managers can use state-imposed policy burdens as excuses of poor performance and make the State...

Baumol’s Cost Disease offers a compelling hypothesis of rising unit costs in stagnant sectors, but increased productivity in progressive sectors may generate the same prediction through income effects. We examine quantity (rather than expenditure) data from the U.S. educational sector to...