Internet of things (IoTs) is the newfound information architecture based on the internet that develops interactions between objects and services in a secure and reliable environment. As the availability of many smart devices rises, secure and scalable mass storage systems for aggregate data is required in IoTs applications. In this paper, we propose a new method for storing aggregate data in Io...

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It is common in practice that retailers liquidate unsold perishable goods via clearance pricing. Markdown money is frequently used between manufacturers and retailers in such a supply chain setting. It is a form of rebate from a manufacturer to subsidize a retailer’s clearance pricing after the regular season. Two forms of markdown money are percent markdown money, in which the markdown money i...

Abstract Do lenders securitize or price loans in response to credit risk? Exploiting exogenous variation regional risk due foreclosure law differences along U.S. state borders, we find that mortgages are eligible for sale the government-sponsored enterprises (GSEs) rather than risk. For non-GSE-eligible with no GSE buyback provision, increase interest rates as they unable shift loan purchasers....

In the literature of supply chain management (SCM), the traditional approach to balance supply and demand is to design bilateral supply contracts in order to provide mutual benefits to both sellers and buyers. The commonly used contract parameters include decision rights, pricing, minimum purchase commitments, quantity flexibility, buyback or returns policies, allocation rules, lead time, and q...

This paper investigates a retailer-leading two-tier supply chain with buyback contract under market demand uncertainty, where the retailer first announces potential maximal order quantity and supplier then provides unit wholesale price to influence retailer’s quantity. In recent years, an increasing number of experimental studies have reported that even in repeated multi-turn games, decisions s...