Firms at various levels of the supply chain are implementing reverse logistics systems to maximize the value captured from products flowing backwards from customers to suppliers. However, due to the sporadic and unpredictable cash outflows associated with returns, firms must take care to avoid...

This paper suggests that the current method for compounding and discounting in continuous time may be inaccurate and misleading. The extant continuous time model is based on an arithmetic average. Using the geometric mean, an alternative, simple, model is suggested. An example using simulated...

Recent research in finance has indicated that the institutional structure in which financial asset prices are determined can have a nontrivial impact on pricing. This report examines transaction level data for Treasury Note futures contracts traded at the Chicago Board of Trade (CBOT) to...