The theory of restrictions (TOC) is a philosophy of continuous improvement, which focuses on the weakest link in the chain, to improve the performance of the production system. The purpose of the research was to determine the quantities to be made of each product and its production sequence in a...

The theory of restrictions (TOC) is a philosophy of continuous improvement, which focuses on the weakest link in the chain, to improve the performance of the production system. The purpose of the research was to determine the quantities to be made of each product and its production sequence in a...

Facing an hypothetical, but increasingly, case of default risk on a mortgage or a fall in interest rates, an important issue raised by the borrower is the possibility of minimizing that risk by selecting the best refinancing option. In this paper, a mortgage refinancing model is presented,...

This paper develops and estimates a dynamic structural model of participation in the risky financial asset markets using household level panel data. We specify a simple economic model in order to capture the portfolio choice over the life cycle. We solve the model using numerical techniques....

By influencing her specific labor occupation choice major choices greatly condition the allocation of an individual’s time. Previous economic analysis on the subject has emphasized monetary considerations affecting such a decision, but has been relatively less incisive regarding non pecuniary...