This paper replicates two spatial monopoly models by Takayama and Judge. The first one is a simple spatial monopoly model. The second model allows the activity of arbitrage between any pains of consumption regions if the price differential exceeds the corresponding unit transportation cost. With...

This paper improves upon the existing literature surrounding the production order quantity inventory model in which unit cost and daily production are assumed to be constant. By including economies of scale into the model, we examine its impact on production order quantity and total cost. The...

The combinatorial nature of integer programming is inevitable even after takingspecific model structure into consideration. This is the root problem in implementing large-scale nonlinear integer programming models regardless of which algorithm one chooses to use. Consequently, we suggest that...