The Internet is changing the transaction pattern of B2B markets. One of the major concerns of IT knowledge-based companies is how to take advantage of B2B online markets. These companies believe that the only possible strategy for entering these markets is to launch independent websites, and they are usually reluctant to enter these markets due to the requirements such as financial resources an...

Should an investor unwind his portfolio in the face of changing economic conditions? We study an investor’s optimal trading strategy with finite horizon and transaction costs in an economy that switches stochastically between two market conditions. We fully characterize the investor’s time dependent investment strategy in a ‘‘bull’’ market and a ‘‘bear’’ market. We show that when the market swi...

The paper investigates downtrend algorithm and trading strategy based on chart pattern recognition and technical analysis in futures market. The proposed chart formation is a pattern with the lowest low in the middle and one higher low on each side. The contribution of this paper lies in the reinforcement of statements about the profitability of momentum trend trading strategies. Practical bene...

T recent financial crisis highlights the importance of market crashes and the subsequent market illiquidity for optimal portfolio selection. We propose a tractable and flexible portfolio choice model where market crashes can trigger switching into another regime with a different investment opportunity set. We characterize the optimal trading strategy in terms of coupled integro-differential equ...

This study is to examine the effect of relationships for the product characteristics. Outsourced product is categorized into functional and innovative. Logistics strategy for each categorized products should be response into efficient or market responsive supply chain strategy. The research model is developed using six hypotheses. The study is examined empirically, using ANOVA, regression analy...

In market-based control systems ideas from microeconomic theory are used to solve resource allocation problems, e.g., routing in telecom networks. Resource allocation is achieved in a decentralised fashion where selfish software agents buy and sell the resources and hence no central planning is necessary. The performance of market-based systems generally depends on the bargaining strategies tha...

We present a novel representation of the prediction market using a partially observable stochastic game with information (POSGI), that can be used by each trading agent to precisely calculate the state of the market. We then propose that a correlated equilibrium (CE) strategy can be used by the agents to dynamically calculate the prices at which they should trade securities in the prediction ma...

We adapt the competitive location model based on maximal covering to include the knowledge that a competitor will enter the market later with a single new facility. The objective is to locate facilities under a budget constraint in order to maximise the remaining market share after the competitor’s later entry. We develop mixed zero-one programming formulations for each of the following three s...