Governments around the world have implemented preventive measures against the spread of the coronavirus disease (COVID-19). In this study, we consider a multivariate discrete-time Markov model to analyze the propagation of COVID-19 across 33 provincial regions in China. This approach enables us...

A nonparametric test based on nested L-statistics and designed to compare the riskiness of portfolios was introduced by Brazauskas, Jones, Puri, and Zitikis (2007). Its asymptotic and small-sample properties were primarily explored for independent portfolios, though independence is not a...

We consider a decision maker's problem in a real option framework with several projects that can only be sequentially undertaken within a "decision horizon" - the time until projects are expired - and characterize the optimal sequence of exercises. A limited decision horizon leads to early...

We model a dual-channel supply chain consisting of one manufacturer and one retailer, and consider two scenarios — under one scenario the manufacturer solely provides the information service and under the other the retailer solely provides the information service. Both the manufacturer's and...

This paper studies the optimal dynamic reinsurance policy for an insurance company whose surplus is modeled by the diffusion approximation of the classical Cramér-Lundberg model. We assume the reinsurance premium is calculated according to a proposed Mean-CVaR premium principle which...

Related to several efforts by governments to attain United Nations Sustainable Development Goals, subsidy vouchers are used to provide monetary support to income-eligible (IE) families who cannot afford child care. However, IE families are often unable to accept an offered voucher due to an...

part PART I Business ecosystems in China -- chapter 1 Rise of business ecosystems in China -- part PART II Alibaba case -- chapter 2 Alibaba’s ecosystem transformation: strategic change -- chapter 3 Expanding by investing: speeding up the growth of Alibaba’s business ecosystem -- chapter 4...