The past decade has witnessed significant movements to push manufacturing back to developed countries. Such movements call for raising import tariffs and increasing consumers' valuation on products made from locally sourced components. These factors are believed to motivate local sourcing for...

Given the difficulty to reach a global quantity commitment to control the carbon emissions, a globally uniform price commitment is proposed to tackle the current environmental issues. In this paper, we take an operations perspective to understand the impact of both the cap-and-trade policy...

Exponential bandits are widely adopted in economics and marketing due to their tractability. This paper analyzes the one-agent multi-armed account of exponential bandits, where the agent dynamically selects arms to maximize total payoff. We motivate our base model by examples with arms being of...