After nearly a century with the internal combustion engine dominating the personal transportation sector, it now appears that the electric vehicle is on the verge of experiencing rapid growth in both developed and developing vehicle markets. The broad-scale adoption of the electric vehicle could...

The Government of China has decided to privatize many State-owned enterprises (SOEs). Is it wise to consider investing in these SOEs? What is the level of installed technology, from traditional production planning systems, like MRP, to robotics? How different are SOEs from privately-owned firms,...

Because of the booming economy, interest in China has soared in recent years. The government has decided to privatize many State-owned enterprises (SOEs), so foreigners can much more easily invest in existing firms than ever before. Is it wise to consider investing in these SOEs? Certainly, many...

This article studies a two-firm dynamic pricing model with random production costs. The firms produce the same perishable products over an infinite time horizon when production (or operation) costs are random. In each period, each firm determines its price and production levels based on its...