In 1996, New York State began requiring all graduating high school students (starting with the Class of 1999) to pass rigorous end-of-course exams in five subjects. This study explores whether high school resources have been reallocated in the wake of these new standards and whether reallocation...

There is no way to measuring the pay-off of basic research activities and the reasons that lead countries to spend a part of their R&D budget in this field may appear as ideological rather than bearing the stamp of economic common sense. Still, in spite of our time of privatisation,...

This paper develops scalable and effective yet simple heuristic methods for material assignment in a large discrete Build-To-Order (BTO) environment. The material assignment function allocates available supplies of raw material to orders over a period of time. Despite popular belief to the...

Managers often have incentives to artificially inflate current-term earnings by cutting marketing expenditures, even if it comes at the expense of long-term profits. Because investors rely on current-term accounting measures to form expectations of future-term profits, inflating current-term...

System dynamics has been used over a number of years to explore and explain the role Research and Development (R&D) can play in shaping the dynamics of a firm or industry. This paper describes how a dynamic simulation model can be built which broadly characterises and captures the causal...

Rationale: In the health economic literature, many statements on the allocation of health care resources can be found showing an appreciation of the two criteria of efficiency and justice or fairness as two values which are to weighed against each other in case of conflict. Objective: This paper...