This paper studies the demand and capacity management problem in a restaurant system. A queueing-based optimization model with underlying quasi birth-and-death process and state-dependent functions is developed to address the dynamic and nonlinearity difficulties. In particular, our model...

We examine the intertemporal and decentralization effects on managing disruption risks in a supply chain with lost sales and fixed transportation cost. The disruption risk is continuously monitored via collaborative forecasting based on advance supply signals—such as financial health and...

Fuzzy portfolio selection has been widely studied within the framework of the credibility theory. However, all existing models provide only concentrated investment solutions, which contradicts the risk diversification concept in the classical portfolio selection theory. In this paper, we propose...

We investigate a dominant retailer’s optimal joint strategy of pricing and timing of effort investment and analyze how it influences the decision of the manufacturer, the total supply chain profit, and the consumers’ payoff. We consider two pricing schemes of the retailer, namely, dollar...

We study the Cournot competition between two supply chains that are subject to supply uncertainty. Each supply chain consists of a retailer and an exclusive supplier which has random yield. We examine how the levels of supply uncertainty and competition intensity affect the equilibrium decisions...