We study supply function competition among conventional power generators with different levels of flexibility. Inflexible generators commit production before uncertainties are realized, while flexible generators can adjust their production after uncertainties are realized. Both types of...

We consider a firm (e.g., retailer) selling a single nonperishable product over a finite-period planning horizon. Demand in each period is stochastic and price-dependent, and unsatisfied demands are backlogged. At the beginning of each period, the firm determines its selling price and inventory...

We consider a periodic-review inventory control problem for the Multi-Warehouse Multi-Store system with lost sales. We focus on a time horizon during which the system receives no external replenishment. Specifically, each warehouse has a finite initial inventory at the beginning of the horizon,...