An upward line extension is a new, improved product within an existing product category for the high-end market. Many manufacturers pursue line-extension strategies, but they carry risks due to uncertain consumer taste, the internal competition between products (represented by the firm's...

Artificial intelligence is rapidly transforming our world. The author describes the fascinating career of Herbert A. Simon, a father of artificial intelligence, renaissance man, and true polymath who made pioneering contributions to fields ranging from economics to psychology and from management...

Corporate social responsibility (CSR) has been adopted as one of firms’ risk management tools to resist negative shocks. However, it is unclear which aspect of CSR works and whether it differs among firms in different supply chain positions. Knowing this is crucial for firms to formulate...

The paper deals with the optimal behavior of an individual whose aim is to maximize total expected discunted utility of consumption subject to a nonterminal bankruptcy. This means that upon going bankrupt, the individual may recover from it after a temporary but random sojourn in bankruptcy.This...

The recent outbreak of COVID-19 has posed serious threats and challenges to global supply chain operations. To survive the crisis, it is critical to rethink the proper setting of global supply chains and reform many related operational strategies. In this paper, we combine a careful literature...

We consider a decentralized supply chain where a supplier sells goods to a retailer facing a general random demand over an infinite horizon. The retailer satisfies the demand to the extent of the inventory on hand. The retailer has private information about his inventory in each period and the...

We study a two-period supply chain consisting of a manufacturer, who participates in a cap-and-trade scheme and faces an uncertain emission permit price, and a retailer, who sells the product from the manufacturer to consumer and faces a price-sensitive demand. In the face of uncertain future...

We consider an e-tailer's upstream supplier who wants to encroach into retailing to earn additional revenue. The supplier needs to decide whether or not to enter the retail market by either selling to consumers on an e-tailer's platform by paying commission fees (agency encroachment) or opening...

Harry Markowitz’s modern portfolio theory, by demonstrating that portfolio diversification can reduce investment risk, has become the bedrock of investment management practice and earned Markowitz the Nobel Memorial Prize in Economic Sciences. Modern money managers create optimal portfolios...

This paper is the first part of a project that will examine the role of MNCs in the transfer of FMS technology. The paper is the result of a hypotheses generating phase conducted largely through a literature review. Multinational corporations (MNCs) are the principal agents of international...