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Abstract Currently Unavailable.
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Hick's (1936) theorem allows aggregation of commodities when their relative prices are fixed, but contrary to a widely expressed view, it does not require that they be aggregated. Even in cases in which commodities have identical prices, all of their income elasticities and many of their price...
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Abstract Currently Unavailable.
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This paper applies, to ballistic missile systems, replacement policies for equipment subject to stochastic failures in which the actual state of the system--good or failed--is not known with certainty. Although it applies these policies only to the missile itself, optimal maintenance policies...
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