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Relationship-Specific Investment and Hold-Up Problems in Supply Chains: Theory and Experiments
Supply chains today routinely use third parties for many strategic activities, such as manufacturing, R&D, or software development. These activities often include relationship-specific investment on the part of the vendor, ...
Scheduling in Production, Supply Chain and Industry 4.0 Systems by Optimal Control: Fundamentals, State-of-the-Art and Applications
(Taylor & Francis Ltd, 2018-02-08)
This paper presents a survey on the applications of optimal control to scheduling in production, supply chain and Industry 4.0 systems with a focus on the deterministic maximum principle. The first objective is to derive ...
Advance Selling in the Presence of Market Power and Risk-Averse Consumers
We consider a manufacturer who procures raw material through a long-term contract as well as in a spot market to produce goods for selling to consumers, a fraction of whom are risk averse. We assume that the manufacturer ...