This article addresses the problem of joint optimization of production and subcontracting of unreliable production systems. The production system considered presents a common problem in the pharmaceutical industry. It is composed of multiple production facilities with different capacities, each...

The Water Availability Modeling (WAM) System created and maintained by the Texas Commission on Environmental Quality (TCEQ) and its partner agencies and contractors consists of the generalized Water Rights Analysis Package (WRAP) developed at Texas A & M University, which may be applied anywhere...

This paper outlines the development and use of a policy model for multifunctional agriculture and rural development. The model is an important part of the EU research project, TOP-MARD (Towards a Policy Model for Multifunctional Agriculture and Rural Development).. It sets the discourse on...

In first part of article the logistics outsourcing in context of e-commerce was analysed. Advantages and disadvantages of dropshipping were described. Then the proposal of dropshipping model was presented. The specific character of internet shop was included in model. Next the simulation...

The consequences of environmental and energy policies in the U.S. can be severely constrained by physical limits of the electric power grid. Flows do not follow the shortest path but are distributed over all lines in accordance with the laws of physics, so grid operators must select which...

Restricting the analysis to general 2×2 coordination games, this article shows how under certain conditions, it is highly likely that individuals coordinate on a (pay-off) efficient through risk inferior convention. This contrasts with other equilibrium refinement criteria, such as risk...