The classic newsvendor model was developed under the assumption that period-to-period demand is independent over time. In real-life applications, the notion of independent demand is often challenged. In this paper, we examine the newsvendor model in the presence of correlated demands....

The cloud-based OneView Inventory Management (OVIM) platform offers retail franchise companies a competitive edge and disrupts the operations of every party in their networks. In this platform, designed and operated by the brand (franchisor), every retailer (franchisee) can frequently access to...

Nowadays, supply chain operations frequently encounter disruptions due to carrier freight rejection. Motivated by real-world practice, this paper studies the operational value of digital freight platforms' information sharing with firms in supply chains, an effort aimed at enhancing operations...

Problem definition: Effective responses to abrupt demand shifts encountered by a supply chain require quick identification of market shifts and an update of supply chain contracts; however, such response efforts are often hampered because the updated contracts cannot be timely executed due to...

Recently, Chinese firms have begun to deploy popular mobile apps (e.g., WeChat) into their supply chain practices to improve demand visibility. These efforts rely on consumers to scan the products they purchase using these apps, which we refer to as consumer scanning technology (CST). CST can be...

Individuals tend to simplify a complex portfolio decision problem into several manageable dimensions, each of which can frame their perception of risk in a certain way. We check this view by studying the effect of investment horizon on households' portfolio decisions. Using the Federal Reserve...

We investigate mutual funds' decision to shut out new investors. We first document that only those closed funds that do not subsequently launch new funds can continuously deliver significantly positive objective- and size-adjusted returns up to six months after the closure. This suggests the...