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a wild organism with a certain quality at a point in time then it will never use this same organism at a subsequent … point in time. Second, we show that if our PF uses a particular organism with its quality at a point in time then it will co … ntinue to produce the drug with the chemicals from this organism at all later points in time. Third, we show that there is a …
Persistent link: https://www.econbiz.de/10011256729
generally distributed lead time we derive expressions for the service levels for each demand class and the average total cost … per unit time. Efficient solution methods for obtaining optimal policies, with and withoutservice level constraints, are …
Persistent link: https://www.econbiz.de/10011255557
wide variety of time-scales. Given that traffic streams are indeed endowed withLRD properties, a next question is: what is …
Persistent link: https://www.econbiz.de/10011257410
simulation is too time-consuming, and we have to use fastsimulation techniques instead. Due to the exponential decay (in n …
Persistent link: https://www.econbiz.de/10011257416
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
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
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
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
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
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