Capacity planning is a challenging problem in semiconductor manufacturing industry due to high uncertainties both in market and manufacturing systems, short product life cycle, and expensive capital invest. To tackle this problem, this paper proposes a scenario-based stochastic programming model...

We study the dividend optimization problem for a company where surplus in the absence of dividend payments follows a Cramér–Lundberg process compounded by constant force of interest. The company controls the times and amounts of dividend payments subject to reserve constraints that dividends...

This article proposes a variable selection approach for zero-inflated count data analysis based on the adaptive lasso technique. Two models including the zero-inflated Poisson and the zero-inflated negative binomial are investigated. An efficient algorithm is used to minimize the penalized...

An exclusion period (usually from 12 months to 2 years) is usually found in life insurance policies as a precautionary measure to prohibit people from insuring their lives with the intent to kill themselves shortly thereafter. Several studies have been conducted to investigate the effect of...

We investigate whether mutual funds engage in tax planning by testing how they respond to changes in the capital gains tax rates. While previous evidence suggests that individual investors time capital gains realizations, mutual fund managers may not tax plan like individuals because fund...

In this paper, we construct a new insurance risk model based on the entrance process and consider the asymptotic behavior of the risk process under the ultimate stability condition on the intensity of the entrance process. We find when the claim size has finite second moment the risk process is...

The system for monitoring suicides in Hong Kong has considerable delays in reporting as the cause of death needs to be determined by a coroner's investigation. However, timely estimates of suicide rates are desirable to assist in the formulation of public health policies. This motivated us to...

This paper introduces the task selection and routing problem in collaborative transportation in which a truckload carrier receives tasks from shippers and other partners and makes a selection between a private vehicle and an external carrier to serve each task. The objective is to minimize the...