We model an economy that alternates randomly between abundance and scarcity episodes. We develop an original method to characterize in detail the structure of the Markovian competitive equilibrium. Accumulation and drainage of stocks are the main focuses. Economically appealing comparative...

We model an economy that alternates randomly between abundance and scarcity episodes. We develop an original method to characterize in detail the structure of the Markovian competitive equilibrium. Accumulation and drainage of stocks are the main focuses. Economically appealing comparative...

We study a manufacturer's strategic use of a dual-sourcing option when facing suppliers who possess private information about their likelihood of experiencing a supply disruption. The manufacturer can diversify its supply by ordering from both suppliers, but we find that the cost of doing so is...

Companies in a broad range of industries and economies rely heavily on external sources to finance their operations. But, external financing could be expensive and/or difficult to obtain due to imperfections in real capital markets. I focus on cash-constrained manufacturers that rely on external...

The Government of Kenya pursues maize marketing policy objectives through the National Cereals and Produce Board (NCPB) which procures and sells maize at administratively determined prices, and stores maize as a contingency against future shortages. A private sector marketing channel competes...

The Andean Community's Price Band System (APBS), introduced in 1995, had the announced goal of reducing domestic price instability by buffering fluctuations in international prices through use of a variable import tariff. This paper evaluates the effects of the Andean Price Band System on...

The problem of asset price bubbles, and more generally of instability in the financial system, has been a matter of concern since the 1980s but has only recently moved to the center of the macroeconomic policy debate. The main concern with bubbles arises when they burst, imposing losses on...

The integration of Environmental, Social, and Governance (ESG) principles into smart logistics represents a transformative approach to supply chain management, offering solutions that address critical challenges in sustainability, ethical labor practices, and transparency. With the increasing...

The present research has delved deeper into the complex relationship of customer care calls with purchasing behavior in a WM system and has developed actionable insights to optimize operations. In this regard, the following critical factors have been considered: product attributes-cost, weight,...

L'articolo esplora l'importanza strategica dell'implementazione dei servizi di kitting e assembly per affrontare problematiche di assegnazione delle risorse in un magazzino operante nel settore idrotermosanitario. Si concentra sulla crescente complessità delle operazioni logistiche in un...