Planning, scheduling, and control decisions often involve conflicting priorities from multiple stakeholders (e.g., due to different perceptions of risk). We present a new framework for multi-stakeholder optimization to compute optimal compromise solutions among stakeholders. In this setting, stakeholder opinions are interpreted as random variables, establishing a parallel between stochastic and...

Whether an organization gains a competitive advantage (CA) from an enterprise resource planning (ERP) system is a topic of much debate in the literature. However, when we differentiate between the stakeholders in the ERP value-chain and their relative CA positions, the literature is curiously silent. We depict the ERP value-chain as having three stakeholders: an ERP vendor, an ERP partner or re...

This paper analyzes how takeovers and takeover defenses affect the value of target companies, using an incomplete contracts framework. We consider a raider who intends to improve the efficiency of production and to appropriate the rents enjoyed by stakeholders of the company. Anticipating this rent shifting the stakeholders invest too little in relationship specific assets which may offset the ...