Two-tier equilibria for supply chains with a single manufacturer and multiple asymmetric retailers

We derive sufficient conditions for the existence and uniqueness of the Stackelberg–Nash–Cournot equilibria for a supply chain problem with a single manufacturer and multiple asymmetric retailers and characterize the first and second order derivatives of the total equilibrium quantities. The Stackelberg manufacturer is assumed to supply a homogeneous product to all retailers with the retail price determined by a general nonlinear inverse demand function. We provide several extensions of our previous results [G.J. Kyparisis, C. Koulamas, A note on equilibria for two-tier supply chains with a single manufacturer and multiple retailers, Operations Research Letters 39 (2011) 471–474] obtained for a similar supply chain with symmetric retailers.     

On the motion of a rigid body immersed in a bidimensional incompressible perfect fluid

We consider the motion of a rigid body immersed in a bidimensional incompressible perfect fluid. The motion of the fluid is governed by the Euler equations and the conservation laws of linear and angular momentum rule the dynamics of the rigid body. We prove the existence and uniqueness of a global classical solution for this fluid–structure interaction problem. The proof relies mainly on weighted estimates for the vorticity associated with the strong solution of a fluid–structure interaction problem obtained by incorporating some viscosity.     

Spatially homogeneous solutions of the Vlasov–Nordström–Fokker–Planck system

The Vlasov–Nordström–Fokker–Planck system describes the evolution of self-gravitating matter experiencing collisions with a fixed background of particles in the framework of a relativistic scalar theory of gravitation. We study the spatially-homogeneous system and prove global existence and uniqueness of solutions for the corresponding initial value problem in three momentum dimensions. Additionally, we study the long time asymptotic behavior of the system and prove that even in the absence of friction, solutions possess a non-trivial asymptotic profile. An exact formula for the long time limit of the particle density is derived in the ultra-relativistic case.     

On the existence and the uniqueness of the solution of a fluid–structure interaction scattering problem

The existence and uniqueness of the solution of a fluid–structure interaction problem is investigated. The proposed analysis distinguishes itself from previous studies by employing a weighted Sobolev space framework, the DtN operator properties, and the Fredholm theory. The proposed approach allows to extend the range of validity of the standard existence and uniqueness results to the case where the elastic scatterer is assumed to be only Lipschitz continuous, which is of more practical interest.     

Semi-linear degenerate backward stochastic partial differential equations and associated forward–backward stochastic differential equations

In this paper, we consider the Cauchy problem of semi-linear degenerate backward stochastic partial differential equations (BSPDEs) under general settings without technical assumptions on the coefficients. For the solution of semi-linear degenerate BSPDE, we first give a proof for its existence and uniqueness, as well as regularity. Then the connection between semi-linear degenerate BSPDEs and forward–backward stochastic differential equations (FBSDEs) is established, which can be regarded as an extension of the Feynman–Kac formula to the non-Markovian framework.     

A stochastic model for risk management in global supply chain networks

With the increasing emphasis on supply chain vulnerabilities, effective mathematical tools for analyzing and understanding appropriate supply chain risk management are now attracting much attention. This paper presents a stochastic model of the multi-stage global supply chain network problem, incorporating a set of related risks, namely, supply, demand, exchange, and disruption. We provide a new solution methodology using the Moreau–Yosida regularization, and design an algorithm for treating the multi-stage global supply chain network problem with profit maximization and risk minimization objectives.     

Debt–equity swap with finite time horizon—variational inequality approach

This paper concerns the finite-horizon optimal reorganization problem under debt–equity swap. The model of equity is formulated as a parabolic variational inequality, or equivalently, a free boundary problem, where the free boundary corresponds to the optimal reorganization boundary. The existence and uniqueness of the solution are proven and the behavior of the free boundary, such as smoothness, monotonicity and boundedness, is studied. To the best of our knowledge, this is the first complete set of results on debt–equity swap for finite maturity obtained using PDE techniques.     

Backward stochastic differential equations associated with the vorticity equations

In this paper we derive a non-linear version of the Feynman–Kac formula for the solutions of the vorticity equation in dimension 2 with space periodic boundary conditions. We prove the existence (global in time) and uniqueness for a stochastic terminal value problem associated with the vorticity equation in dimension 2. A particular class of terminal values provide, via these probabilistic methods, solutions for the vorticity equation.     

Analysis and numerical solution of a piezoelectric frictional contact problem

We consider a mathematical model which describes the frictional contact between an electro-elastic–visco-plastic body and a conductive foundation. The contact is modelled with normal compliance and a version of Coulomb’s law of dry friction, in which the stiffness and the friction coefficients depend on the electric potential. We derive a variational formulation of the problem and we prove an existence and uniqueness result. The proof is based on a recent existence and uniqueness result on history-dependent quasivariational inequalities obtained in [15]. Then we introduce a fully discrete scheme for solving the problem and, under certain solution regularity assumptions, we derive an optimal order error estimate. Finally, we present some numerical results in the study of a two-dimensional test problem which describes the process of contact in a microelectromechanical switch.     

On a multi-period supply chain system with supplementary order opportunity

This paper considers a supplementary supply–order system in a multi-period situation. In each period, the buyer first places an initial order based on the demand prediction; he has the opportunity to place a supplementary order with the supplier after the demand of that period is realized. The supplier maintains an inventory, and decides the quantity to be produced and the quantity to be provided for the supplementary order in each time period. We formulate the problem as a multi-period inventory game, and derive the optimal production and order policies for the supplier and buyer, respectively. The existence and uniqueness of Nash equilibrium is proved in the generalized multi-period setting, and the closed-form Nash equilibrium solution is obtained when the parameters are stationary. Numerical study is performed to reveal more managerial insights. We find that the supplementary supply–order mechanism, if designed properly, can effectively improve the multi-period supply chain performance.     

Decentralization versus coordination in competing supply chains under retailers’ extended warranties

This paper studies a two-tier duopoly competing supply chain system consisting of two manufacturers and two exclusive retailers. Both manufacturers produce differentiated products and both retailers provide extended warranties for the products they sell. Two types of channel-structure strategy options are considered: a decentralized structure with a wholesale price contract and a coordinated structure with a sophisticated contract. We first derive the equilibrium outcomes under three possible chain-to-chain competition scenarios. Subsequently, we reveal how manufacturers control their retail channels to gain more supply chain system profit under an interactive environment with supply chain competition and retailers’ extended warranties. We find that pure coordinated channel competition and pure decentralized channel competition may both reach equilibrium. Furthermore, the interaction forces of supply chain competition and extended warranty service significantly impact the characteristics of the equilibria. Finally, we analyze the competing supply chain’s coordination contract design by using the example of a two-part tariff contract, and determine the feasible contract parameter range that results in a win-win solution for supply chain members.

     

Calibration of the default probability model

In this paper, we study the calibration problem for the Merton–Vasicek default probability model [Robert Merton, On the pricing of corporate debt: the risk structure of interest rate, Journal of Finance 29 (1974) 449–470]. We derive conditions that guarantee existence and uniqueness of the solution. Using analytical properties of the model, we propose a fast calibration procedure for the conditional default probability model in the integrated market and credit risk framework. Our solution allows one to avoid numerical integration problems as well as problems related to the numerical solution of the nonlinear equations.     

Pseudo-almost-automorphic solutions to some neutral partial functional differential equations in Banach spaces

This work aims to investigate the existence and uniqueness of pseudo-almost-automorphic solutions for some neutral partial functional differential equations in Banach spaces. Recall that the new concept of pseudo-almost-automorphy generalizes the one of the pseudo-almost-periodicity and it has been recently introduced in the literature. Here we assume that the undelayed part is not necessarily densely defined and satisfies the well-known Hille–Yosida condition, the delayed parts are assumed to be pseudo-almost-automorphic with respect to the first argument and Lipschitz continuous with respect to the second argument.     

Stability analysis of impulsive Cohen–Grossberg neural networks with distributed delays and reaction–diffusion terms

In this paper, we investigate a class of impulsive Cohen–Grossberg neural networks with distributed delays and reaction–diffusion terms. By establishing an integro-differential inequality with impulsive initial conditions and applying M-matrix theory, we find some sufficient conditions ensuring the existence, uniqueness, global exponential stability and global robust exponential stability of equilibrium point for impulsive Cohen–Grossberg neural networks with distributed delays and reaction–diffusion terms. An example is given to illustrate the results obtained here.     

Mean–variance analysis of a single supplier and retailer supply chain under a returns policy

In the literature, most of the supply chain coordinating policies target at improving the supply chain’s efficiency in terms of expected cost reduction or expected profit improvement. However, optimizing the expected performance alone cannot guarantee that the realized performance measure will fall within a small neighborhood of its expected value when the corresponding variance is high. Moreover, it ignores the risk aversion of supply chain members which may affect the achievability of channel coordination. As a result, we carry out in this paper a mean–variance (MV) analysis of supply chains under a returns policy. We first propose an MV formulation for a single supplier single retailer supply chain with a newsvendor type of product. The objective of each supply chain decision maker is to maximize the expected profit such that the standard deviation of profit is under the decision maker’s control. We study both the cases with centralized and decentralized supply chains. We illustrate how a returns policy can be applied for managing the supply chains to address the issues such as channel coordination and risk control. Extensive numerical studies are conducted and managerial findings are proposed.     

An analysis of production-inventory models with deteriorating items in a two-echelon supply chain

This paper revisits two previous studies that addressed the integrated production–inventory problem for deteriorating items in a two-echelon supply chain, where the item’s deterioration rate is a constant or follows a continuous probability distribution function. The aim of this study is to present an improved solution procedure to determine the delivery lot size and the number of deliveries per production batch cycle that minimizes the total cost of the entire supply chain. The performance of the proposed methodology is illustrated analytically and numerically.     

The steady boundary value problem for charged incompressible fluids: PNP/Navier–Stokes systems

The initial-boundary value problem for the Poisson–Nernst–Planck/Navier–Stokes model was investigated in [J.W. Jerome, R. Sacco, Global weak solutions for an incompressible charged fluid with multi-scale couplings: initial-boundary-value problem, Nonlinear Anal. 71 (2009) e2487–e2497], where an existence theory was demonstrated, based upon Rothe’s method of horizontal lines. In this article, the steady case is considered, and the existence of a weak solution is established for the boundary-value problem. This solution satisfies a weak maximum principle for the concentrations relative to the boundary values. As noted in the above-mentioned citation, the model assumes significance because of its connection to the electrophysiology of the cell, including neuronal cell monitoring and microfluidic devices in biochip technology. The model has also been used in other applications, including electro-osmosis. The steady model is especially important in ion channel modeling, because the channel remains open for milliseconds, and the transients appear to decay on the scale of tens of nanoseconds.     

A two-phase ant colony algorithm for multi-echelon defective supply chain network design

Supply chain system is an integrated production system of a product. In the past researches, this system was often assumed to be an equilibrium structure, but in real production process, some members in this system usually cannot effectively complete their production task because of the losses of production, which will reduce the performance of the whole supply chain production system. This supply chain with the losses of production is called the defective supply chain (DSC) system. This research will discuss the partner selection and the production–distribution planning in this DSC network system. Besides the cost of production and transportation, the reliability of the structure and the unbalance of this system caused by the losses of production are considered. Then a germane mathematical programming model is developed for solving this problem. Due to the complex problem and in order to get a satisfactory near-optimal solution with great speed, this research proposes seeking the solution with the solving model based on ant colony algorithm. The application results in real cases show that the solving model presented by this research can quickly and effectively plan the most suitable type of the DSC network and decision-making of the production–distribution. Finally, a comparative numerical experiment is performed by using the proposed approach and the common single-phase ant colony algorithm (SAC) to demonstrate the performance of the proposed approach. The analysis results show that the proposed approach can outperform the SAC in partner selection and production–distribution planning for DSC network design.     

Large deviations for the two-dimensional Navier–Stokes equations with multiplicative noise

A Wentzell–Freidlin type large deviation principle is established for the two-dimensional Navier–Stokes equations perturbed by a multiplicative noise in both bounded and unbounded domains. The large deviation principle is equivalent to the Laplace principle in our function space setting. Hence, the weak convergence approach is employed to obtain the Laplace principle for solutions of stochastic Navier–Stokes equations. The existence and uniqueness of a strong solution to (a) stochastic Navier–Stokes equations with a small multiplicative noise, and (b) Navier–Stokes equations with an additional Lipschitz continuous drift term are proved for unbounded domains which may be of independent interest.     

Reciprocal supply chain with intention

The traditional hypothesis of “rationality” is far from perfect. Models of fairness solely based on consequence cannot explain why the same consequence of an action is perceived and reciprocated differently. A reciprocity model which accounts for both consequence and its underlying intention is presented in this paper to illustrate the effect of intention in a traditional dyadic channel where one supplier plays a Stackelberg-like game with one retailer. This research aims to investigate how reciprocity may affect the members’ decisions and the channel’s coordination. In this study, two scenarios are discussed: (1) the retailer has a preference for reciprocity while the supplier does not and (2) both the retailer and the supplier have a preference for reciprocity. Results for acrimonious supply chain (γμ>1$\gamma \mu >1$) and harmonious supply chain (γμ?1$\gamma \mu ?1$) are analyzed. Furthermore, we derive equilibria under the two scenarios and prove the existence and the uniqueness of the equilibria. The results show that intention plays an important role in decision making of the supply chain and will significantly change the equilibria. Moreover, an acrimonious supply chain can be coordinated with a simple wholesale-price contract under certain conditions, which can never happen in a traditional channel. A harmonious supply chain, however, cannot be coordinated in any way.