In this paper, we study a two-flight model where there are two flights between two cities in a day (e.g., one departs at 9:00 am and another at 11:00 am) and booking requests in each fare class arrive according to a random process. There are three types of booking requests: the first and...

This paper studies a firm’s time-to-market decision and subsequent sales channel, pricing and production decisions under three main sources of uncertainty: possibility of qualifying for lucrative sales channels, competitors’ time-to-market behavior and price-sensitive uncertain demand. In...

Demand for a new product is often highly uncertain. As the developer of a new product, the manufacturer may reduce the uncertainty of the product's demand through observing progress in his product development process or receiving demand signals directly from customers. This paper first shows...