Traditional commercial aircraft design attempts to achieve improved performance and reduced operating costs by minimizing maximum takeoff weight. From the point of view of an aircraft manufacturer, however, this method does not guarantee the financial viability of an aircraft program. A better design approach would take into account not only aircraft performance but also factors such as aircraf...

We survey the recent literature on the use of spot market operations to manage procurement in supply chains. We present results in two categories: work that deals with optimal procurement strategies and work related to the valuation of procurement contracts. As an example of the latter, we provide new results on valuation of a supply contract with abandonment option. Based on our review, we als...

This paper develops a simple model of pricing and choice of capacity in a market where riskaverse customers are ex-anfeuncertain about their valuation for use of the capacity. As unused capacity has no salvage value, the seller maximizes profit by economizing on capacity through over-booking. Thus each customer faces both uncertainty in his own valuation as well as uncertainty about availabilit...

In this study, we develop a series of consumer-valuation-based models to investigate the pricing and return policies sellers in competitive e-commerce market. Differing from competition literature, novel two-dimensional valuation structure is built, which considers valuations consumer on two products differentiation all consumers each product. We consider both monopoly duopoly (competitive) mar...