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On the (S-1, S) Lost Sales Inventory Model with Priority Demand Classes

Dekker, R.; Hill, R.M.; Kleijn, M.J. - Tinbergen Instituut - 1997

In this paper an inventory model with several demand classes, prioritised according to importance, is analysed. We consider a lot-for-lot or (S-1,S) inventory model with lost sales.For each demand class there is a critical stock level at and below which demand from that class is not satisfied...

Persistent link: https://www.econbiz.de/10011255557

The Shape of the Loss Curve and the Impact of Long-Range Dependence on Network Performance

Mandjes, Michel; Boots, Nam Kyoo - Tinbergen Instituut - 2001

Empirical studies showed that many types of network traffic exhibit long-range dependence (LRD),i.e., burstiness on a wide variety of time-scales. Given that traffic streams are indeed endowed withLRD properties, a next question is: what is their impact on network performance? To assess...

Persistent link: https://www.econbiz.de/10011257410

Fast Simulation of a Queue fed by a Superposition of Many (Heavy-Tailed) Sources

Boots, Nam Kyoo; Mandjes, Michel - Tinbergen Instituut - 2001

We consider a queue fed by a large number, say n, of on-off sources with generally distributed on-and off-times. The queueing resources are scaled by n: the buffer is B=nb and link rate is C=nc.The model is versatile: it allows us to model both long range dependent traffic (by using heavy-tailed...

Persistent link: https://www.econbiz.de/10011257416

Endogenous Technological Change under Uncertainty

Hek, Paul A. de - Tinbergen Instituut - 2002

How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this …&D from profit-maximizing firms. The uncertainty arises from the productivity of these investments in R&D. The main result of … this analysis is that the relationship between long-run growth and uncertainty (on the productivity of knowledge creation …

Persistent link: https://www.econbiz.de/10011255608

The Impact of Uncertainty on Investment: A Meta-Analysis

Koetse, Mark J.; Groot, Henri L.F. de; Florax, Raymond … - Tinbergen Instituut - 2006

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

Persistent link: https://www.econbiz.de/10011255622

Deliberation, Information Aggregation and Collective Decision Making

Swank, Otto H.; Wrasai, Phongthorn - Tinbergen Instituut - 2002

We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....

Persistent link: https://www.econbiz.de/10011255757

The Economics of Information in Transport

Rietveld, Piet - Tinbergen Instituut - 2010

Travelers often are incompletely informed about travel alternatives, which has important implications for various domains of travel behavior such as whether or not to make a trip, modal choice, the timing of a trip or route choice. During the last decade large efforts have been made to increase...

Persistent link: https://www.econbiz.de/10011255988

Policy Makers, Advisors, and Reputation

Wrasai, Phongthorn; Swank, Otto H. - Tinbergen Instituut - 2004

This discussion paper resulted in an article in the 'Journal of Economic Behavior and Organization' (2007). Volume 62, pages 579-590.<P> When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his preferences. Some advisers are good, in...</p>

Persistent link: https://www.econbiz.de/10011256246

Uncertain Technological Change under Capital Mobility

Hek, Paul A. de - Tinbergen Instituut - 2005

is, the growth-uncertainty relationship depends on whether returns to scale in knowledge creation are increasing or non …

Persistent link: https://www.econbiz.de/10011256297

Mapping the Minds of Retirement Planners

Hershey, Douglas A.; Henkens, Kène; Dalen, Hendrik P. van - Tinbergen Instituut - 2006

This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch and American workers. Participants were 988 Dutch and 429 Americans, 25-64 years of age. Analyses were designed to: (a) examine the extent to which structural variables were...

Persistent link: https://www.econbiz.de/10011256396