Problem Definition: Governments have adopted various subsidy policies to promote investment in renewable energy sources, such as rooftop solar panels. The German government uses a feed-in-tariff policy that provides a guaranteed stream of payments for each unit of electricity generated by a...

We solve a sequential-moves game that involves three players: the franchisor, the entrepreneur, and the banks. The franchisor chooses values of contract terms (a one-time franchise fee and a royalty rate for on-going payments). The entrepreneur dynamically decides when to sign this contract and...

We study lot-size policies in a serial, multi-stage, manufacturing/inventory system with two key generalizations, namely (1) random yields at each production stage and (2) an autoregressive demand process. Previous research shows that the optimal policies in models with random yields (even in...

This chapter explores the potential of distributed ledger technology (DLT) in addressing supply chain shortages and competition for scarce resources. Specifically, we assess the effect of strategic information sharing on supply chain efficiency and the creation of virtual markets to improve...

This paper describes the Blockchain-Enabled Token Trading Game for Supply Chain Management, a web-based supply chain simulation. The game uses blockchain technology’s concepts to create virtual markets for supplier capacity trading among retailers, where participants take on the role of a...

Contractors are usually not paid immediately after an invoice is submitted. Such payment delays affect the value of projects to contractors, their financing costs, decisions about project sequencing and acceptance, as well as competition among contractors. We study how these consequences of...

We study the coordination of production decisions for multiple products among many manufacturers and many suppliers, each with private information about its own objective and its own production capabilities. Our methodology does not require a probabilistic model of the beliefs of each decision...

In a 2008 survey of 138 companies, 58% reported that they suffered financial losses within the last year due to a supply disruption. This article emphasizes the challenges and opportunities in supply risk management arising from the decentralized nature of supply chains and highlight how supply...

Frequently, manufacturers experience supply disruptions due to supplier bankruptcies. Manufacturers can increase supplier reliability by providing suppliers subsidies in excess of suppliers' production costs. We examine the optimal subsidy decisions of manufacturers in four supply chain...

We show that an easily computed and simply structured policy for making workorder decisions is optimal in the Clark-Scarf inventory model. That is a model of a make-to-stock multistage serial manufacturing process with convex costs of finished goods inventory, a set-up cost for purchasing,...