Valuation of inventories has different purposes, in particular accounting and decision making, and it is not necessary for a firm to use the same valuation method for both purposes. In fact, it is not uncommon to use accounting books as well as management books. In this chapter, we will only...

The academic publication process consists of al least two stages. The first stage covers the conception of a paper, its submission to a journal, possible revisions due to comments made by (anonymous) reviewers, and acceptance of the manuscript, among other aspects. The second stage concerns the...

In correspondence analysis, rows and columns of a data matrix are depicted as points in low-dimensional space. The row and column profiles are approximated by minimizing the so-called weighted chi squared distance between the original profiles and their approximations, see or example, Greenacre...

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Model estimates of the pay-off of the Betuwe railway have played an important role for politicians to decide to build this railway. This has already been discussed extensively, especially with respect to the macro-economic effects of this investment. A deeper analysis shows that these effects...

This article is a continuation of the paper "Inventory Control and Regenerative processes: Theory" (Bazsa et al.; 1998) and presents closed form expressions for Laplace transforms associated with the cost functions of the classical single item inventory models with indivisible items, a fixed...

Both domestic and international tourism are a major source of service export receipts for many countries worldwide, and is also increasingly important in Taiwan. One of the three leading tourism source countries for Taiwan is the Republic of Korea, which is a source of short haul tourism. Daily...

This paper examines investor preferences for oil spot and futures based on mean-variance (MV) and stochastic dominance (SD). The mean-variance criterion cannot distinct the preferences of spot and market whereas SD tests leads to the conclusion that spot dominates futures in the downside risk...

By using a smooth entropy function to approximate the non-smooth max-type function, a vertical linear complementarity problem (VLCP) can be treated as a family of parameterized smooth equations. A Newton-type method with a testing procedure is proposed to solve such a system. We show that the...