A great deal of theoretical work exists on how to model and value investment opportunities
having real options. To date, this work has provided new insights into capital budgeting …

We address the problem of hedging inventory risk for a short life cycle or seasonal item
when its demand is correlated with the price of a financial asset. We show how to construct …

Real options analysis (ROA) has been identified in the literature as a quantitative means to
evaluate the flexibility inherent in the decision-making process. From an engineering …

El progreso tecnológico y la innovación se muestran en la actualidad como las vías más
claras de la evolución, las cuales tienen una trascendencia relevante en el campo de la …

The inventory routing problem (IRP) studied in this research involves repeated delivery of
products from a depot to a set of retailers that face stochastic demands over a long period …

This paper addresses the problem of inventory penalty pricing under the risk-neutral
valuation principle. The underlying production-inventory system has a constant …

Purpose The purpose of this paper is to develop a trading and pricing method of expansion
option (EO) model to solve expansion problems of build-operate-transfer (BOT) freeway …

Motivated by the increasing prevalence of flexibility hedging in corporate-level risk
management programs, this paper focuses on the treatment of hedging operational risks in …

Acquisition of cores is important for the success of remanufacturing business, but evaluating
the value of cores is difficult due to many uncertain issues in the remanufacturing system. In …

Integrating trading and logistics is an important challenge in commodity trading. Trading and
logistics are strategic decisions and are integral to most commodities including grain …