Modern finance theory is based on the competitive market paradigm (see Duffie 1992, Jarrow and Turnbull 1996). The competitive market paradigm has two implicit assumptions. The first is that security markets are perfectly elastic—that is, traders act as price takers. Price takers believe that they can buy and sell as many shares of a security as they wish without changing the price. The second ...

SAS for Demand-Driven Planning and Optimization Listen to customers, focus on the market and respond to demand in near-real time • Quickly and easily visualize market signals and data to predict outcomes. Sense near-real-time market data to understand shifts in demand for your products. Simulate future demand by varying the values for price, sales promotions, marketing events and other related ...

Much of the nation has experienced steep declines in housing prices in recent years. In Manhattan, however, apartment sales prices did not fall as sharply. A study of price-rent ratios in the New York City borough concludes that, while apartment rents are driven by supply and demand forces, apartment sales prices are driven in part by speculative factors, and they sometimes rise or fall to leve...

We consider a seller with uncertain demand for its product. If the demand curve were certain, then setting price and setting quantity would be equivalent ways to frame the seller’s problem of choosing a profit-maximizing point on its demand curve. With uncertain demand, these become distinct sales mechanisms. We distinguish between uncertainty about the market size and uncertainty about the con...

In order to investigate supply chain coordination and decision under customer balking stochastic demand, the article considers a two-echelon consisting of one manufacturer with risk-neutral retailer develops two models in centralized decentralized system three contracts are designed coordinate optimal price strategies obtained. The results show that revenue cost-sharing contract can price-depen...

In this paper, we use a simple and parsimoniousmodel to investigate the performance of volume discounting schemes (hereafter ‘‘[VD]’’) in a supply chain where the market demand is sensitive to both retail price ‘‘p’’ and sales effort ‘‘e’’ — hereafter called a ‘‘(p,e)-channel.’’ The problem is analyzed as a manufacturer-leading Stackelberg game. We first present, for the deterministic-system-pa...

This study investigates the influence of gas price, crude oil price and international coal demand on sales volume, selling revenue, financial performance, business risk stock Indonesia mining is listed Stock Exchange (IDX). The sample companies IDX in period 2014 – 2018. employs a structural equation model using GeSCA software to examine relationship effect between research variables. empirical...

  We discuss the effects of inflation and time discounting on an EOQ model for deteriorating items under stock-dependent demand and time-dependent partial backlogging. The inventory model is studied under the replenishment policy starting with no shortages. We then use MATLAB to find the optimal replenishment policies. The objective of this model is to maximize the total profit (TP) which inclu...

Clustering is an important data mining technique where we will be interested in maximizing intracluster distance and also minimizing intercluster distance. We have utilized clustering techniques for detecting deviation in product sales and also to identify and compare sales over a particular period of time. Clustering is suited to group items that seem to fall naturally together, when there is ...

In order to close a budget deficit, New York State raised its cigarette tax in 2010 to $4.35 per pack. Included in this legislation was a removal of the exemption of cigarettes sold on Native American Reservations from the tax. This paper develops a model of cigarette demand that focuses on measuring cross-price elasticity of demand in order to ascertain the effect of state-level taxation on th...