In this paper, we provide a system of equations to measure investor impatience in financial markets. As in physics, we propose that there exists a measurable force created by external market factors, including investor impatience, which we equate with gravitational force. Using a physics-based...

Incentive contracts with multiple agents is a classical decentralized decision-making problem with asymmetric information. Contract design aims to incentivize noncooperative agents to act in the principal's interest over a planning horizon. We extend the single-agent incentive contract to a...

We study how supply risk, fixed supplier costs, financial constraints, and the dual role played by the suppliers as the providers of parts and the financiers of the manufacturer affect the relationship among firms in a supply chain, supplier selection, and supply chain performance. Using a...

In this research, we propose a macroscopic model of the equity market based on the physics of fluid dynamics. We develop sensors triggered by certain properties of the macroscopic variables, density and velocity, that can alert regulators to abnormal activity. Fluid flow in physics will be used...

In this research, we tackle the problem of detecting medium intensity crashes, which are macroscopic abnormalities occurring on a given trading day. These abnormalities create an imbalance with normal market activities because they rarely occur. To address these challenges, we present a new...

Real-time parking occupancy information is critical for a parking management system to facilitate drivers to park more efficiently. Recent advances in connected and automated vehicle technologies enable sensor-equipped cars (probe cars) to detect and broadcast available parking spaces when...

We investigate the dynamic pricing problem in on-demand ride-sharing using a continuous-time continuous-space approach. A ride-sharing platform controls two sides of the market, supply (vacant vehicles) and demand (customers' trip requests) via setting dynamic prices and commissions with the...