In this paper, we study the feature-based newsvendor problem in the presence of historical demand and related demand covariates. We adopt general kernel methods to estimate the true demand distributions conditioned on the given demand features. To account for estimation errors, we propose a...

We consider a multi-portfolio optimization problem where nonlinear market impact costs result in a strong dependency of one account's performance on the trading activities of other accounts. We develop a novel target-oriented model that jointly optimizes the rebalancing trades and split of...

E-commerce development and applications have been bringing the Internet to business and marketing and reforming our current business styles and processes. As Business to Business (B2B) has been a main stream of the e-commerce activities for a decade, business to customer (B2C) is still a new...

This paper proposes an integrated framework to analyze jointly two key issues: the emergence of global imbalances and the precautionary motive for accumulating reserves. Standard models of general equilibrium would predict modest current account surpluses in the emerging markets if they face...