In today’s retail business many companies have a complex distribution network with several national and regional distribution centers. This article studies an integrated facility location and inventory allocation problem for designing a distribution network with multiple distribution centers...

Black, F. and Scholes, M. (1973) assume a geometric Brownian motion for stock prices and therefore a normal distribution for stock returns. In this article a simple alternative model to Black and Scholes (1973) is presented by assuming a non‐zero lower bound on stock prices. The proposed stock...

This research investigates how the experience learned in repeated transactions by consumers and manufacturers would affect supply-chain partners' strategic decisions such as price, order quantity and service level. Consumer demand depends on two factors: (1) retailer price and (2) service level...

Yield management is crucial for high-tech industries to reduce over-production. However, it is very challenging for a manufacturer to make a yield decision under the circumstance of uncertain demand and stochastic product quality. For example, in semiconductor manufacturing industry, products...