This paper studies various approaches to demand learning in the context of a one-shot inventory replenishment problem with dynamic pricing. The customer arrival process is assumed to be piecewise deterministic and Markovian with an unknown parameter. Homogeneous customers have an iso-elastic demand function and do not behave strategically. We study full information, non-learning, passive learni...

A firm builds its reputation not only by investing in the quality of its products, but also by controlling the information consumers observe. I consider a model in which a firm invests in both product quality and a costly signaling technology in order to build its reputation, defined as the market’s belief that its quality is high. The signaling technology influences the rate at which consumers...

virtual technology can be a useful tool for designing models of healthy urban environments. the resilience and sustainability in any urban environment involves the establishment and maintenance of the health of its citizens. the well-being of youth, the future workforce of every society, is a highly important consideration in the design of cities. cities are only truly sustainable when the work...

The preservation of forages by ensiling has been a well known technology for many years and is popular in North America and Europe. This technology requires high investment in facilities, accurate timing in the several stages of the ensiling process, and better understanding of the whole process than hay making demands. In addition to these demands, silage making and management in tropical cond...

Investment in inventory absorbs a large portion of the working capital of a company and often it represents a large portion of the total assets of a business. By improving return on investment by increasing the rate of inventory turnover, management often wants to ensure economic efficiency. Effective inventory management enables a firm to provide lower costs, rapid response and flexibility for...

Investment in business inventories has averaged roughly one-half of 1 percent of real GDP in the United States over the post–World War II period. Given its relatively minor role as a component of output, it might seem curious that inventory investment has traditionally drawn a great deal of interest from macroeconomists and policymakers. One reason is that although the level of inventory invest...