The classical newsvendor problem decides the optimal order quantity for a single period, with the assumptions that the selling price and the end of period salvage value are fixed. However, the salvage value or clearance price in many instances depends on the leftover inventory. A fixed salvage...

During 1997 to 2003, the total livestock population has decreased by around 14.1%. Among cattle, the population of indigenous breed has decreased by around 7.6% while crossbreed cattle shows an increase of 12.6%. There are only 30 breeds of cattle and 6 breeds of buffalo registered along with...

Access to a steady supply of sufficient and clean energy is critical for all round development of every person, irrespective of social and/or economic status and geographic location. However, one needs to differentiate between the energy security of rural and urban areas because energy dynamics...