Advances in theory and methods, including behavioral operations, dynamic modeling, experimental methods, and field studies provide new insights into challenging operational contexts. Yet the world of operations continues to change rapidly, creating new and difficult challenges for scholars....

This paper introduces an approach known as a "pair approximation" developed in physics and mathematical biology that captures some of the effects of network structure in a compartmental system dynamics (CSD) model without substantially increasing model complexity or computational efficiency. We...

Disposable society represents a way of living that is not sustainable anymore, mainly in a context like our planet where resources are really scarce. As theorized by Paul Connett, the guru of zero waste strategy, there is no waste until that material still contains a drop of usefulness. The core...

In this chapter we propose a dynamic model, it brings together the major macroeconomic variables, which impact the price index of the Mexican Stock Exchange (IPC). The daily variations of this index are an indicator of how private agents perceive the economic environment. The relevance of the...

In this paper, we discuss the models of continuous dynamics on the 2-simplex that arise when different qualitative restrictions are imposed on the (continuous) functions that generate the dynamics on the 2-simplex. We consider three types of qualitative restrictions: inequality (or...

We provide an axiomatic analysis of dynamic random utility, characterizing the stochastic choice behavior of agents who solve dynamic decision problems by maximizing some stochastic process (U_t) of utilities. We show first that even when (U_t) is arbitrary, dynamic random utility imposes new...

Structural transformation is critical to attaining improvements in productivity and employment generation. However, it is imperative that any structural transformation undertaken should take a green approach as the international community have placed great emphasis on achieving Sustainable...