Make-or-buy decisions taken during ‘product design and engineering’ often happen based on incomplete and inaccurate information but have tremendous effects on the manufacturing function; however, this is an under-researched topic. Based on three case studies in India, the study examines the processes and decision-making for make-or-buy during new product development from a systems approach. Dri...

We study the coordination of supply chains with a risk-neutral supplier and a risk-averse retailer. Different from the downside risk setting, in a conditional value-at-risk (CVaR) framework, we show that the supply chain can be coordinated with the revenue-sharing, buy-back, two-part tariff and quantity flexibility contracts. Furthermore the revenuesharing contracts are still equivalent to the ...

In a typical procurement setup, several recent papers have shown that when complete contracting is not possible, simple, noncontingent contracts may suffice to solve the under-investment problem. This paper points out that a noncontingent contract offer such as a fixed-price contract may induce the seller to acquire information on the future course of costs and only to accept the offer if the c...

We develop an option model to quantify and price a flexible supply contract, by which the buyer (a manufacturer), in addition to a committed order quantity, can purchase option contracts and decide whether or not to exercise them after demand is realized. We consider both call and put options, which generalize several widely practiced contracting schemes such as capacity reservation and buy-bac...

Three recent papers have examined the effect of a national tightening of firearm legislation and gun buy-back in Australia in 1996-1997 on firearm and non-firearm death rates. Despite analysing almost the same data, the three papers reach rather different conclusions. In this article, we highlight key methodological concerns with the papers. We also make some judgments as to the evidence on the...

In this article, we model money-back guarantees (MBGs) as put options. This use of option theory provides retailers with a framework to optimize the price and the return option independently and under various market conditions. This separation of product price and option value enables retailers to offer an unbundled MBG policy, that is, to allow the customer to choose whether to purchase an MBG...

This study aims to (1) determine and analyze the legal standing of buy back guarantee agreement as a for purchase house through home ownership loan. (2) To find out protection banks supporter with credit system. research is descriptive sociological juridical approach. The data collected in form primary secondary data. Data was field studies literature studies. were analyzed quantitative descrip...

Acknowledgement: We thank the Chief Editor (Professor Asoo J. Vakharia), the Senior Editor, the Associate Editor, and two referees for their invaluable suggestions that helped improve the clarity and quality of this paper. The order of authorship is alphabetical, and the authors contributed equally to the manuscript. ABSTRACT We analyse the effect of equity-based incentives in a supply chain wi...

a unique arrangement of option contract -commitment to sell or buy by one of the parties and create some rights for the other party- has led this arrangement cannot be found similarly in the various contracts mentioned in the civil or sharia law. on the other hand approval of securities market act of the islamic republic of iran has provided legal environment for the design and issuance of opti...

In this thesis, we study important facets of two problems in methodological and applied operations research. In the first part of the thesis, motivated by optimization problems that arise in the context of Internet advertising, we explore the performance of the greedy algorithm in solving submodular set function maximization problems over various constraint structures. Most classic results abou...