We study a target-oriented, multi-period location-transportation problem where customer demands are uncertain and transportation decisions are adaptative. This problem is meant to determine the facility locations, production quantities, capacities, and shipment quantities, with the objective of...

It is an important issue to consider pricing inconsistency in dual-channel retailing. This paper studies a dual-channel retailer's optimal pricing policy with return insurance. We allow price differentiation across channels, model consumer heterogeneity and consider consumers' product return...

As the usage of livestreaming as a shopping channel skyrocketed during Covid-19 lockdowns (especially in China), numerous brands started to leverage livestream selling to drive sales. One core challenge for companies is to identify when to join the tide of livestream selling and how to select a...

We consider a newsvendor who makes an ordering decision to meet stochastic demand and buys a put option written on the demand to hedge against the risk of low demand to maximize his expected utility, which is measured by the conditional value-at-risk (CVaR). The put option is fairly priced with...

We consider a make-to-stock system served by an unreliable machine that produces one type of product, which is sold to customers at one of two possible prices depending on the inventory level at the time when a customer arrives (i.e., the decision point). The system manager must determine the...