Zhao-Han Sheng

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In order to study the optimal R&D strategies of a firm in a dynamic environment, this paper introduces a reputation model on two-stage R&D decision-making by employing signaling games based on Schumpeter’s process of creative destruction. There are two players in the game. One is a sender with private information on its own synthesized capability of type H(More)
a r t i c l e i n f o Transportation optimization usually aims at minimizing the empty load ratios (ELRs) of vehicles. Most Chinese vehicles for logistics are owned by individual entrepreneurs. Because China is very large, transport distances are typically long, and thus the ELR is very high. The ELR is the primary reason for high transport costs,(More)
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