The purpose of this research is to explore the IPO pricing behavior in an underwriting system by applying the fuzzy game theory. Results of this study are: (1) The application of the fuzzy game theory is more consistent with the uncertainty relationship of human interference between independent and dependent variables in practice with profit return function as a potential function. Rewards for ...

The study used Cobb-Douglas stochastic profit function to estimate farm-level profit function, economic efficiency and it determinants among homestead based cassava farmers in the south-south region of Nigeria. Two-stage random sampling method was used to select 300 homestead based cassava farmers in the study area. Maximum likelihood estimates of the specified models reveal an average economic...

The paper addresses an inventory model of pharmaceutical products where the demand rate of the customers increases with the volume of the initiatives of the sales team. In this model, the deterioration of the product varies depending on on-hand inventory. The volume of sales team initiatives is a control variable. It is dependent on on-hand inventory and vice versa. The profit function of the f...

The fair profit distribution problem of a typical supply chain network involving batch production is considered in this article. To implement this concept, we construct a multi-product batch production combined with multi-stage distribution planning model to achieve multiple objectives such as maximizing the customer service level, maximizing the profit of each participant company of the supply...

We consider a Cournot oligopoly model where multiple suppliers (oligopolists) compete by choosing quantities. We compare the aggregate profit achieved at a Cournot equilibrium to the maximum possible, which would be obtained if the suppliers were to collude. We establish a lower bound on the profit of Cournot equilibria in terms of a scalar parameter derived from the inverse demand function and...

This paper provides a model of knowledge sharing and networking among the single unit advertising agencies and investigates the implications of this model in the presence of heterogeneity among the agencies. In a stylized model, we show that under the modest set of assumptions the separation outcome is supported as undominated Nash equilibrium. We reject the possibilities of pooling equilibrium...

Abstract. Optimizing turbine layout is a challenging problem that has been extensively researched in the literature. However, optimizing number of turbines within given boundary not studied as and difficult because it introduces discrete design variables discontinuous space. An essential step performing wind power plant optimization to define objective function, or value, used express what valu...

Recent technology advances in mobile networking have ushered in a new era of personal communication. Users can ubiquitously access the Internet via many emerging mobile appliances, such as portable notebooks, personal digital assistants (PDAs), and WAP-enabled cellular phones. While the transcoding proxy is attracting an increasing amount of attention in this environment, it is noted that new c...