Trust acts as an indispensable personal attachment in human relations. Without a doubt, trust is always present where people exist, and of course, there is no exception for the business environment. After witnessing actual trust-deficit cases in supply chain practices, and realising the state of...

Retailers often conduct non-overlapping sequential online auctions as a revenue generation and inventory clearing tool. We build a stochastic dynamic programming model for the seller's lot-size decision problem in these auctions. The model incorporates a random number of participating bidders in...