This study investigates a supply chain of fresh produce with consideration of option contracts and where stochastic market demand depends on freshness-keeping effort. Firstly, we investigate a benchmark scenario of an integrated supply chain with fre...
This paper investigates the impacts of hybrid ordering option contracts—combining fixed procurement and flexible option-based ordering—on the decision-making and profits of supply chain members in an agricultural product supply chain char...
As one of the main sources of global greenhouse gas emissions, the low-carbon transformation and emission reduction in the construction industry are inevitable requirements for addressing climate change. Under cap-and-trade regulations, Carbon emissi...
This paper investigates a supply chain consisting of a single risk-neutral supplier and a single risk-averse retailer with the call option contract and a service requirement, where the retailer’s objective is to maximize the Conditional Value-at-Risk...
Due to the uncertainty of world economic development, market demands are stochastic and the supply quantities of suppliers in the supply chain are always flexible, so a mixed wholesale-option-contract (abbreviated as a mixed contract) is one of the g...
When trading in the call and put contracts of option chains, the portfolios of strikes must be selected. The trader must also decide whether to take long or short positions at the selected strikes. Dynamic strategies for making these decisions are di...
To coordinate the supply chain risk caused by demand uncertainty, this paper proposed a flexible return strategy under demand uncertainty, in which the retailer can choose return quantity independently by put option after the selling season, while th...
To address the issue of excessive pessimism caused by demand and supply uncertainties in the green hydrogen supply chain, this study develops a two-tier green hydrogen supply chain model comprising upstream hydrogen production stations and downstream...
28 July 2022
In this paper, we firstly derive the optimal strategies, including greening technology investment, production volume and order quantity decisions with stochastic demand, for the emissions-dependent supply chain composed of one manufacturer and one re...
This paper evaluates the prices of European-style options when dynamics of the underlying asset is assumed to follow a Markov-switching Heston’s stochastic volatility model. Under this framework, the expected return and the long-term mean of th...
The increasing demand of energy has turned the shale gas and shale oil into one of the most promising sources of energy in the United States. In this article, a model is proposed to address the long-term planning problem of the shale gas supply chain...
In this paper, we consider applications of semi-Markov chains (SMCs) in bond and energy markets. The research work was conducted for semi-Markov-modulated exponential-affine bond prices, and for pricing and hedging European-style options under a semi...
The purpose of this paper is to study how advanced information about customer needs obtained through an Advance Purchase Discount (APD) contract can be exploited to coordinate the capital flow and enhance the efficiency of a two-stage supply chain (S...
Increasing supply chain uncertainty due to market volatility has heightened the need for more flexible procurement strategies. While procurement through long-term forward contracts provides supply stability and cost predictability, it limits adaptabi...
This paper studies optimal dividend and capital injection strategies with active exit options under a jump-diffusion model. We introduce a piecewise terminal payoff function to capture stop-loss exits (for deficits) and profit-taking exits (for surpl...
Mathematical difficulty remains in many classical financial problems, especially for a closed-form expression of asset value. The European option evaluation problem based on a regime-switching has been formally modeled since early 2000, for which a r...
This research was conducted on small farms in Republika Srpska, an entity of Bosnia and Herzegovina. Data were collected through direct interviews on five farms, each with 8–15 dairy cows, which at some point diversified their production from s...
Due to the need for resource utilization and environmental protection, remanufacturing is used as an effective means to achieve a circular economy. To focus on the production and sales of new products, manufacturers outsource the remanufacturing of u...
Background: Brazil’s bioethanol supply chain is vital for global energy security and climate action but remains vulnerable to climate disruptions, market volatility, and conflicting stakeholder interests. While resilience strategies exist, they...
Against the backdrop of carbon quota trading policies and Energy Performance Contracting (EPC), Energy Service Companies (ESCOs) engage in supply chain emission reduction via embedded low-carbon services. However, the impact mechanism of their financ...
The application of stochastic volatility (SV) models in the option pricing literature usually assumes that the market has sufficient option data to calibrate the model’s risk-neutral parameters. When option data are insufficient or unavailable, marke...
We present closed-form solutions to the perpetual American dividend-paying put and call option pricing problems in two extensions of the Black–Merton–Scholes model with random dividends under full and partial information. We assume that t...
Modular design facilitates easy disassembly and reduces the manufacturer’s remanufacturing costs. However, the simplicity and modular structure of products can intensify competition between manufacturers and third-party recyclers. To improve re...
Fractional Brownian motion (fBm) provides a powerful stochastic framework for modeling long-range temporal dependence that cannot be represented by classical Brownian motion. This study presents a numerical and theoretical investigation of constraine...
The aim of this paper is to present how a higher income can be achieved by developing a broader and more accurate planning framework and control perishability from stable to fork if it is possible to redirect the shipments in the case of increasing p...
Here, the authors focused on determining the increase in consumers’ preferences for sustainable products, including that of OEMs, who are responsible for the drop in new product sales. We also assessed the effects of remanufacturing by outsourc...
Natural gas is the most growing fossil fuel due to its environmental advantages. For the economical transportation of natural gas to distant markets, physical (i.e., liquefaction and compression) or chemical (i.e., direct and indirect) monetisation o...
It is argued that the growth in the breadth of option strikes traded after the financial crisis of 2008 poses difficulties for the use of Fourier inversion methodologies in volatility surface calibration. Continuous time Markov chain approximations a...
Remanufacturing is a domain that has increasingly been exploited during recent years due to its numerous advantages and the increasing need for society to promote a circular economy leading to sustainability. Remanufacturing is one of the main end-of...
The purpose of this study is to help researchers and restaurant owners gain an understanding of healthy sustainable initiatives within restaurant businesses. This study applied a content analysis of 93 restaurant chains’ websites with a systema...
This study examines how different sustainability assessment approaches influence climate-policy choices when evaluating greenhouse gas (GHG) emissions across industrial value chains. Using Spain as an empirical setting, we apply Environmentally Exten...
A network design of a closed-loop supply chain (CLSC) with multiple recovery modes under fuzzy environments is studied in this article, in which all the cost coefficients (e.g., for facility establishment, transportation, manufacturing and recovery),...
Treatment of fatty acid oxidation disorders is based on dietary, pharmacological and metabolic decompensation measures. It is essential to provide the patient with sufficient glucose to prevent lipolysis and to avoid the use of fatty acids as fuel as...
When agents face incomplete information and their knowledge about the objects of choice is vague and imprecise, they tend to consider fewer choices and to process a smaller portion of the available information regarding their choices. This phenomenon...
This paper investigates the American option price in a two-state regime-switching model. The dynamics of underlying are driven by a Markov-modulated Geometric Wiener process. That means the interest rate, the appreciation rate, and the volatility of...
Nowadays, the green supply chain has become an exciting concept in academic societies. This paper focuses on the optimal production decisions of two competing supply chains from the perspective of green degree. The manufacturers in each supply chain...
The soil resistances along the embedded ground chain affect the pull-out capacity of anchor as they determine the magnitude and direction of tension at the padeye. To facilitate analyses, the chain was usually simplified as a cylindrical line. The ch...
Objective: To explore the relationship between type of grocery store used (chain vs. independent), transportation access, food insecurity, and fruit and vegetable intake in Detroit, Michigan, USA, during the COVID-19 pandemic. Design: A cross-section...
Background: Recent studies have demonstrated that branched-chain amino acids are neuroprotective and neurorestorative. Branched-chain amino acid supplements are now being recommended to be taken before contact sports to reduce concussions. While peak...
This paper explores both the necessities and the options for an agricultural system in which no animals are killed by reviewing existing literature. It first identifies a causal chain which can be labelled as vegan wave and which might generate a con...
Hybrid epoxide–acrylate photopolymerization enables the temporal structuring of polymer networks for advanced material properties. The ability to design polymer network architectures and to tune mechanical properties can be realized through the...
This study synthesizes a model of the main engineering and production chains in the Smart factory of Industry 4.0. This study has three main stages: an overview of the main definitions of the concepts “engineering and production chain” an...
While Australia has traditionally relied on obtaining metals from primary sources (namely mined natural resources), there is significant potential to recover metals from end-of-life-products and industrial waste. Although any metals recycling value c...
Road transport is in most cases the only available transport option in rural regions with undeveloped railway infrastructure. The problem of choosing the structure of the logistics chain is one of the most important ones that forwarding companies mus...
As the automotive industry has been striving to enhance its efficiency, competitiveness, and sustainability, great focus is often placed on opportunities for improving its supply chain operations. We study the effect of introducing multiple modes of...
We consider a queueing inventory with one essential and m optional items for sale. The system evolves in environments that change randomly. There are n environments that appear in a random fashion governed by a Marked Markovian Environment change pro...
Considering the characteristics of both quality and quantity losses in fresh produce as well as the existence of spot markets, optimal retailer ordering, pricing, and freshness-keeping decisions through the single ordering policy (firm ordering only...
Designing sustainable farming systems in mountainous regions is particularly challenging because of complex economic, social, and environmental factors. Production models prioritizing sustainability and environmental protection require integrated ass...
In this paper, we propose an enhanced model for pricing vulnerable options. Specifically, our model assumes that parameters such as interest rates, jump intensity, and asset value volatility are governed by an observable continuous-time finite-state...
16 February 2021
The principle of sustainability should condition a project in which artificial reefs are being installed to protect biodiversity as well as enhance costal ecosystems. In particular, this principle should be taken into account in the logistical proces...
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