The levels of competitiveness of the countries of Latin America are in a process of slow development to reach those companies located in more modern economies, because they have difficulties in some fundamental pillars of competitiveness such as the levels of technological innovation based on...

In many low- and middle-income countries most micro and small enterprises (MSEs) struggle to upgrade into medium-sized and large enterprises. An extensive literature offers manifold explanations for the phenomenon but no conclusive answer on what the most important factors for MSE upgrading are:...

This paper considers the production planning problem of a firm that produces a single product using a process that has multiple production lines (or machines) in parallel, each with a finite production capacity. Specifically, the firm has m parallel production lines, each with capacity of P...

A logical strategy to contain the COVID-19 pandemic is to completely isolate everyone for two weeks (the incubation period of the virus). However, such a strategy can have prohibitive economic and social costs and, therefore, will be difficult to implement. At the same time, the current...

This paper examines how data-driven personalized decisions can be made while preserving consumer privacy. Our setting is one in which the firm chooses a personalized price based on each new customer's vector of individual features; the true set of individual demand-generating parameters is...

Problem definition: We study customer-centric privacy management in service systems and explore the consequences of extended control over personal information by customers in such systems.Methodology: We adopt a stylized queueing model to capture a service environment that features a service...

We explore buyback contracts in a supplier-retailer supply chain where the retailer faces a price-dependent downward-sloping demand curve subject to uncertainty. We formulate the problem as a supplier-led Stackelberg game and derive explicitly the equilibrium contract parameters along with the...

Miller and Modigliani (1961) consider valuation of infinite horizon firms that may not engage in purchasing their own shares. While their fundamental valuation approach applies also to firms that purchase their own shares, their stream of dividends approach does not. The latter approach is...

This paper obtains decision and forecast horizons for undiscounted, continuous-time one-dimensional control systems. Some general conditions for the existence of horizons arising from the constraints imposed on the system are derived by using the optimality principle. These conditions are...