Accurate revenue prediction is a key factor for the reliable determination of investment part entire regional and local budgets, particularly during economic downturns fiscal uncertainty. An unexpected decline in requires reduction capital expenditures forces government to find additional sources close budget gaps. Current studies indicate that forecasts often underpredict use available informa...

Not all marketplace issues (for example, sales channels) strongly affect software project planning and decision-making, but the decisions we discuss here do. Rather than discuss contracted software development for specific customers or open-source software efforts, we'll emphasize the uncertainties and strategic issues that suppliers encounter in selling or licensing software in the general mar...

Taxation and risk taking are examined in a general equilibrium mode/ that incorporates uncertain government revenue and allows the government to influence risk through portfolio investments as well as through tax r policy. It is demonstra ted that each of a wide range of taxes can be decomposed into some combina tion of a wage tax, an ex ante wealth tax, and a modification of the government’s i...

This paper studies optimal access pricing for natural monopoly networks with large sunk costs and uncertain revenues. Using techniques from the option pricing literature, we show that the optimal access price corresponds to a risk-free form of the Efficiency Component Pricing Rule (ECPR), that is, where the opportunity cost is based on the risk free rate of return. We also show that at levels o...

In a two-stage supply chain composed of a supplier and a retailer, the supply chain models under a fuzzy environment are researched. The parameters of market demand function, the costs of the supplier and retailer are treated as trapezoidal fuzzy numbers. The decision processes are analyzed under the decentralized and centralized decision, and the decision model with revenue sharing contract is...

This paper discusses the influence of time inconsistency problem on technology-leading firms' choice between in-house production and technology transfer. Because of incredibility of innovator's commitment of not exporting after licensing, she may not be able to extract rent from licensing as much as when she could commit credibly. Facing this distortion, she chooses in-house production when the...

An agronomic crop growth model—the Decision Support System for Agro-Technology Transfer—and a constant relative risk aversion utility function are used to examine corn irrigation strategies in Mitchell County, Georgia. Precipitation contracts are designed to help farmers manage risk. Three conclusions originate from the findings. First, the optimal irrigation strategy can greatly increase produ...

Coordinating supply chains has been a major issue in supply chain management research. This paper focuses on the coordination of supply chains with downside-risk-averse agents. Motivating by the revenue sharing contract, we developed the sufficient conditions for the coordination of the supply chain with one downside-risk-averse agent. Following the sufficient conditions, the downside protectio...