Israel has an unusually large number of high-technology entrepreneurs and companies. The influence of high-technology start-ups on the Israeli gross national product is enormous, with no proportion to its relative size in the local or international context. The phenomenon of Israeli...

During production processes there is an accumulation of uncertainty about production and its output. However, decision-makers can reduce uncertainty by taking measurements. The role of value of measurements is discussed in a dynamic production framework where the number of measurements depends...

During production processes there is an accumulation of uncertainty aboutproduction and its output. However, decision-makers can reduce uncertainty bytaking measuremens. The role of value of measurements is discussed in adynamic production framework where the number of measurements depends on...

The dynamics of state variables of an economic system are described using stochastic differential equations. The system is observed in discrete points of time in order to get information about the status of the state variables. The gained information leads to decisions that are implemented in...