This paper studies the pricing strategy in the closed-loop supply chain with Nash bargaining when considering fairness concerns and risk aversion. Mainly, the authors argue that behavioral factors (i.e., fairness concern and risk aversion) should be introduced into pricing process. They consider...

This study investigates the strategic effect of return policies in a dual-channel supply chain, in which a manufacturer can sell products directly to end customers and indirectly via an independent retailer. The manufacturer decides whether to implement a return policy in either the direct or...

We introduce the Speculative Influence Network (SIN) to decipher the causal relationships between sectors (and/or firms) during financial bubbles. The SIN is constructed in two steps. First, we develop a Hidden Markov Model (HMM) of regime-switching between a normal market phase represented by a...

The industrial Internet of Things (IoT) has been gaining significant momentum and is considered a promising technology for establishing a foundation for energy and carbon management in the manufacturing sector. Existing management studies commonly assume the availability of IoT data for all...

The labor relationship is the predominant and fundamental relationship in human society. The regulation of this relationship is the most important to human being’s development.The regulation of the labor relationship is closely linked to personal basic rights and individual destiny.To regulate...

The growth of healthcare expenditure provokes constant comments and discussions, as countries battle the issues on cost containment and cost effectiveness. Prior to 1978, medical institutions in China were either state‐owned or were collective public hospitals. Since 1978, China has been...

We present a self-consistent model for explosive financial bubbles, which combines a mean-reverting volatility process and a stochastic conditional return which reflects nonlinear positive feedbacks and continuous updates of the investors' beliefs and sentiments. The conditional expected returns...

Despite closing output gaps and tightening labor markets, inflation has remained low inthe euro area. Based on an augmented Phillips Curve framework, we find that thisphenomenon-sometimes attributed to low global inflation-has been primarily causedby a remarkable persistence of inflation,...

On-line portfolio selection is an important and challenging question in computational finance and attracts increasing attention in the machine learning and data mining fields. Previously an on-line portfolio selection strategy called On-Line Moving Average Reversion (OLMAR) (Li et al., 2012)...