Plambeck, Erica L.; Zenios, Stefanos A. - In: Manufacturing & Service Operations Management 2 (2000) 3, pp. 240-263
The principal-agent paradigm, in which a principal has a primary stake in the performance of some system but delegates … principal-agent models are of limited use to OM researchers because they cannot represent the rich dynamic structure required of … OM models. This paper formulates a novel dynamic model that overcomes these limitations by combining the principal-agent …