The purpose of this paper is to examine state budgeting for the costs of the First World War (WWI) in Italy. Troops, weapons and munitions were initially managed by the Ministry of War (1915-1917) and then jointly with the Ministry of Munitions (1917-1918). The change was intended to improve...

Situated in the centre of Naples, the Teatro San Carlo (TSC) was founded in 1737 by the Bourbon Crown during the Reign of the Two Sicilies (one of the several states into which Italy was divided in the eighteenth century), The theatre immediately became an object of admiration and was soon held...

The operation of the North Carolina turpentine industry in the late Antebellum period (1849-61) depended upon labour supplied by slaves who were either owned or hired. The nature of the work, which covered thousands of acres of forestland, led to the use of a task system whereby each slave was...

Accounting historians link the origins of cost accounting to the rise of manufacturing firms and, in a more detailed way, to efficiency control, pricing and decision-making problems faced in those organizations. To date, the international debate has mainly focused on practices in the USA, Great...

Utilising archival materials relating to an Italian pottery manufacturer, Manifattura Ginori, this paper examines the development of the company's accounting system during the 19th century. By the early 1800s, Manifattura Ginori is shown to have developed a double-entry bookkeeping system and to...

Sometimes a complex stochastic decision system undertakes multiple tasks called events, and the decision-maker wishes to maximize the chance functions which are defined as the probabilities of satisfying these events. Originally introduced by Liu and Iwamura [B. Liu, K. Iwamura, Modelling...

The trade of wheat and wool has been one of the economic pillars of the Kingdom of Naples during Modern Age. Since Romans times the production of these commodities – in the continental part of the Kingdom – has been regulated by the trashumance system that coordinated the flow of sheep on...

We introduce a novel strategy to address the issue of demand estimation in single-item single-period stochastic inventory optimisation problems. Our strategy analytically combines confidence interval analysis and inventory optimisation. We assume that the decision maker is given a set of past...

In this paper, we develop a unified mixed integer linear modelling approach to compute near-optimal policy parameters for the non-stationary stochastic lot sizing problem under static–dynamic uncertainty strategy. The proposed approach applies to settings in which unmet demand is backordered...

We provide an efficient computational approach to solve the mixed integer programming (MIP) model developed by Tarim and Kingsman [8] for solving a stochastic lot-sizing problem with service level constraints under the static-dynamic uncertainty strategy. The effectiveness of the proposed method...