In the context of a Brownian filtration and with a fixed finite time horizon, we will provide a representation of the penalty term of general dynamic concave utilities (hence of dynamic convex risk measures) by applying the theory of g-expectations.

The extant literature on precision in accounting standards suggests that financial statement preparers are less likely to make aggressive reporting decisions under precise, principles-based as compared more rules-based standards. We extend this line of research by examining how the incentive horizon influences earnings management behaviour. Consistent with prior literature, we find evidence pre...

The multi-site capacity planning problem with a long term time horizon, with transportation constraints is expanded to consider pricing of the product, the effect of advertisement and competition. We use a modification of the Cobb-Douglas model for consumer utility and include the effect of advertising.

In open-pit mining operations, there are several levels of planning, each of which passes down restrictions to the level below. Each planning task is to determine the order in which material should be mined and how it should be processed, such that blending and utilisation targets are met. The mining operations are subject to various constraints on equipment use, maintenance and other resources...

This paper looks at the effect of shareholder horizon on corporate behavior. In perfect capital markets, corporate behavior should be insensitive to shareholder horizon, but when investment opportunities are not well valued by the market, shareholder horizon matters. We first present a simple framework to show that shareholder horizon should be looked at in conjunction with stock misvaluation. ...