Optimization of pit stop strategies motorsports is not trivial. Most existing works neglect competition, or account for this using simulation or historical data; but not in a game theory sense. In this work, we present a model, based on Formula 1, in which two drivers optimize their pit stop...

We study a model of competition with multiple suppliers who sell green technology products, such as electric vehicles. The government offers consumer subsidies to encourage adoption. We consider a setting where suppliers adjust price and production quantities depending on the level of subsidies...

In an election campaign, candidates must decide how to optimally allocate their efforts/resources optimally among the regions of a country. As a result, the outcome of the election will depend on the players' strategies and the voters' preferences. In this work, we present a zero-sum game where...

In the economics literature, the Consumer Surplus is traditionally defined for the case where demand is a deterministic function of the price. However, in most operations management problems, demand is assumed to be stochastic, and hence stock-outs can occur. To measure consumer welfare in such...

Companies in diverse industries have to decide the pricing policy of their inventory over time. This decision becomes particularly complex when customers accommodate their purchase decision in the hope of future discounts and promotions. With such uncertainty, many of these customers may end up...