The cost of capital concept has myriad applications in business decision-making. The standard methodology for deriving cost of capital estimates is based on the seminal Modigliani-Miller analyses. This book generalizes this framework to include non-debt tax shields (e.g., depreciation),...

We study the firm's financing and investment policies when the manager has private information about the firm's cash flows. Prior research in this area places specific restrictions on: i) the nature of the manager's private information and thus on the set of firms to which the theory applies,...

The commodity futures price information conveyed by organized exchanges can be used by commodity processors to improve their procurement process. A practical obstacle in the utilization of this information is that the maturity dates of the traded contracts on the exchange and the decision cycle...

Stackelberg differential game models have been used to study sequential decision making in non-cooperative games in diverse fields. In this paper, we survey recent applications of Stackelberg differential game models to the supply chain management and marketing channels literatures. A common...

In this research we characterize optimal procurement and distribution policies of a commodity in a multiechelon supply chain. We consider a firm that procures and distributes a commodity from spot and forward markets under random fluctuating prices; the commodity is distributed downstream to a...

Over the last two decades, differential game (DG) models have been used extensively to study such issues in dynamic environments as competitive advertising and pricing for new products in the marketing literature, capacity investments in the energy industry, government's subsidy policy in new...

The presentation of Table 2 in the original version of this article (quot;A Survey of Stackelberg Differential Game Models in Supply and Marketing Channelsquot;, Journal of Systems Science and Systems Engineering, Vol. 16, No. 4, pp., 385-413, 2007) contained a few typos. The corrected Table 2...

We develop direct and indirect analytical approaches to determine the parameters of a distribution using elicited fractile values in the presence of elicitation errors. Both approaches seek to minimize the variance on the errors in the estimation of the parameters of the distribution. In the...

We analyze the dynamic strategic interactions between a manufacturer and a retailer in a decentralized distribution channel used to launch an innovative durable product (IDP). The underlying retail demand for the IDP is influenced by word-of-mouth from past adopters and follows a Bass-type...

Extant Information Asymmetry (IA) theories in corporate finance apply, not to all but, only to that subset of firms satisfying the theories` assumptions about: a) the nature of the manager`s private information, and b) the set of securities that can be issued. The research has noted that the...