Effective transshipment of inventory is a way to take advantage of aggregation effects in decentralized inventory systems. Previous research in the inventory sharing area has been mostly analytical in nature, focused on optimal stocking and sharing decisions and the coordinating role of transfer...

This paper studies an optimal investment and consumption problem for an individual whose employment state is driven by an inhomogeneous Markov chain. We consider two types of individuals distinguished by whether they take the risk of unemployment into consideration when making decisions to...

The present paper studies time-consistent solutions to an investment-reinsurance problem under a mean-variance framework. The paper is distinguished from other literature by taking into account the interests of both an insurer and a reinsurer jointly. The claim process of the insurer is governed...

This paper considers an optimal investment and reinsurance problem involving a defaultable security for an insurer under the mean-variance criterion in a jump-diffusion risk model. The insurer is allowed to purchase proportional reinsurance or acquire new business and invest in a financial...

This paper studies the optimal investment and benefit adjustment problem for a collective DC pension plan under longevity trend. We assume that the mortality hazard rate is a function of age and time, which extends the Makeham's Law and can describe the longevity trend. The contribution rate is...