The discipline of operations management (OM) has long been offering differing quantitative techniques for improving the efficiency of banking operations. However, there has been a trend in recent years that operations and services of the banking industry are becoming more diverse and...

We study the risk-averse newsvendor model with a mean-variance objective function. We show that stockout cost has a significant impact on the newsvendor's optimal ordering decisions. In particular, with stockout cost, the risk-averse newsvendor does not necessarily order less than the...

In this paper we study subcontracting price schemes between a subcontractor and a firm that are engaged in subcontracting of heterogeneous orders with distinct due dates, revenues, and processing times. We assume that the subcontractor proposes the subcontracting pricing and the firm follows by...

This paper addresses a batch delivery single-machine scheduling problem in which jobs have an assignable common due window. Each job will incur an early (tardy) penalty if it is early (tardy) with respect to the common due window under a given schedule. There is no capacity limit on each...

This paper addresses a three-machine assembly-type flowshop scheduling problem, which frequently arises from manufacturing process management as well as from supply chain management. Machines one and two are arranged in parallel for producing component parts individually, and machine three is an...