The small and medium sized family enterprises in China have developed rapidly since the reform and opening up.Numerous facts show that the family management is reasonable and proper in the early development of small and medium-sized family enterprise. However, with the further development of...

This paper considers a risk-averse manufacturer who invests in the sustainability technology to reduce carbon emissions under a cap-and-trade policy. We first model a stochastic demand as a linear function of the sales price and sustainability level. In the framework of the newsvendor model, we...