Epidemiological models are commonly used to predict and describe the spread of a viral outbreak among a population. Many such models use differential equations and transition rates to predict the growth dynamics of the infectious and exposed groups with a greater population. These methods do not...

Many business decisions, such as managing investment instruments, selecting medical care, and managing various supply chains, are being made repetitively in uncertain environments. At times, decisions under uncertainty could be perceived as wrong ex-post even though they are really ex-ante...

Over the past ten years, many healthcare organizations have made significant investments in automating their clinical operations, mostly through the introduction of advanced information systems. Yet the impact of these investments on staffing is still not well understood. In this paper, we study...

Most hospitals in the US provide and manage durable surgical instruments used in operating rooms. Instruments are customarily stored and delivered to operating rooms as trays (kits). The advantages of organizing instruments into custom trays have been discussed elsewhere. They include:...

Previous studies suggested that a monopoly durable goods seller can use leasing to effectively avoid the time-inconsistent problem raised by Coase Conjecture. This paper extends those previous works by examining the monopoly seller's selling and leasing strategy for a special type of durable...

As software ages, it is increasingly unable to leverage new technologies and fulfill evolving user requirements. Firms producing software products therefore get an opportunity to introduce and sell upgrades. Our research looks at the optimal intervals between upgrades, and whether these...