Different from classical Bühlmann and Bühlmann Straub credibility models in which independence between different risks are assumed, this paper takes dependence between risks into consideration and extends the classical Bühlmann model by introducing a common stochastic shock element. What is...

This paper studies the optimal investment and consumption strategies in a two-asset model. A dynamic Value-at-Risk constraint is imposed to manage the wealth process. By using Value at Risk as the risk measure during the investment horizon, the decision maker can dynamically monitor the exposed...

With the advancements of medical technology and the improvements in quality of life, the demand for innovative retirement products designed to address increasing longevity risks has been growing in recent decades. Tontines and tontine like products, where the insurers and policyholders share...

Different from classical Bühlmann and Bühlmann Straub credibility models in which independence between different risks are assumed, this paper takes dependence between risks into consideration and extends the classical Bühlmann model by introducing a common stochastic shock element. What is...

In this paper, we investigate the likelihood of cyber-attacks targeted on publicly listed companies. By reviewing the complete financial statements of the attacked companies through CompStat North America and information of cyber-attack incidents through Privacy Rights Clearinghouse, we process...

Daily-deal platforms have been in the spotlight in recent years. Originated from the group-buying selling strategy, these platforms have now shifted toward a business model that combines deep discount and advertising. We analyze the structure of daily-deal platforms from the two-sided market...

A total minimum commitment contract is a supply contract under which a firm commits to buying a minimum quantity of a product from its supplier during the contract duration (e.g., one year). Such contracts are widely used in industries, because they provide the buyer with flexibility in terms of...

Granular anammox sludge treating high-ammonium (~270 mg-N/L) wastewater and biofilm anammox sludge treating low-ammonium (~10 mg-N/L) wastewater were inoculated in two identical reactors to treat low-ammonium wastewater. The physiological, kinetic, and microbial community characterizations were...

Omnichannel strategies may be a creative solution to soften the competition between e-tailers and brick-and-mortar (B&M) retailers. This paper studies the coopetition partnership in omnichannel operations between an e-tailer and multiple B&M retailers under the buy-online-ship-from-store (BOFS)...