Smart products not only provide novel functionalities, but also may establish new business
models, markets, or distribution channels, strengthen relationships with consumers, and/or …

To maintain optimal fitness, a cell must balance the risk of inadequate energy reserve for
response to a potentially fatal perturbation against the long-term cost of maintaining high …

The theory of real options determines the optimal time to invest in a project of given size. As
a main result, it is found that in a more uncertain environment, it is optimal for a firm to delay …

In order to encourage manufacturers to replace traditional high-emission equipment with
new ones powered by green technology, alternative regulations, notably equipment subsidy …

This paper examines concession contracts between a private firm and a government in the
presence of moral hazard within a real-options framework. The design of optimal contracts to …

Ports worldwide operate in an uncertain environment and compete with nearby ports to
attract cargo. The extent of competition is influenced by the geographical location and …

We investigate the optimal investment decision in renewables under market demand
uncertainty, in the context of the Italian strategy for renewable deployment under the EU …

In this paper, we use a two-period game theoretical model to examine the decisions of a
manufacturer and a copycat firm who are competing for strategic customers. The …

Investment is a central theme in economics, finance, and operational research. Traditionally,
the focus of analysis has been either on assessing the value of flexibility (investment under …

We examine how a manufacturer can use the strategy of opening an online channel to
manipulate the retailer's decision on opening a discount store to sell a supplier's off-price …