We study a joint inventory and pricing problem in a single-stage system with a positive lead time. We consider both additive and multiplicative demand forms. This problem is, in general, intractable due to its computational complexity. We develop a simple heuristic that resolves this issue. The heuristic involves a myopic pricing policy that generates each period’s price as a function of the in...

Explaining dividend policy has been one of the most difficult challenges facing financial economists. Despite decades of study, we have yet to completely understand the factors that influence dividend policy and the manner in which these factors interact.The aim of this paper is to examine the relation between dividend policy and share price volatility in Tehran Stock Exchange (TSE). The analys...

This paper aims to apply the quantile regression analysis to explore the impacts of the stock market trading value, change in international oil prices, and the US implementation of Quantitative easing monetary policy on Taiwan’s and Korea’s stock index returns. This study is in accordance with the 2008 US implementation of quantitative policy to conduct research on 53-month data collected from ...

This paper aims to determine the impact of dividend policy on stock price volatility by taking firms listed on Tehran stock exchange.  A sample of 68 listed companies from Tehran stock exchange is examined for a period from 2001 to 2012.  The estimation is based on cross-sectional ordinary least square regression analysis to find the relationship between share price volatility and dividend poli...

Clark and Scarf (1960) consider a two-stage inventory system in a finite horizon. They show that echelon base-stock policies are optimal. The optimal base-stock levels can be obtained by solving two sets of recursive, functional equations. Nevertheless, finding the upstream base-stock level is more complex because the functional equation depends on the downstream base-stock level. This paper pr...

The paper addresses the issue of stability for re-entrant flow lines, producing multiple products, with capacitated machines, random demand and random yield. The policies of interest are multi-echelon base stock policies, combined with a set of static and dynamic management rules of the available capacity. We introduce three classes of capacitated echelon base stock policies: Π0, the pure multi...

Using a novel stochastic programming (SP) formulation, we develop an algorithm for inventory control in industrial sized Assemble-To-Order (ATO) systems that has unparalleled efficiency and scalability. Applying our algorithm on several numerical examples, we generate new insights with respect to the control and optimization of these systems. We consider a continuous time model, seeking base-st...

We study the value of component commonality in a periodic review assemble-to-order system, introduced by Akçay and Xu in 2004, where an independent base stock policy and a first-come-first-served allocation rule are used, and the base stock levels and the component allocation are optimized jointly. We show that lowering component commonality may yield a higher type-II service level. The lower d...