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The standard model of optimal deterrence predicts that the probability of wrongful conviction of the innocent is, at the margin, as detrimental to deterrence as the wrongful acquittal of guilty individuals. We extend the model in several directions: using expected utility as well as nonexpected...
Persistent link: https://www.econbiz.de/10010552859
The standard model of optimal deterrence predicts that the probability of wrongful conviction of the innocent is, at the margin, as detrimental to deterrence as the probability of wrongful acquittal of guilty individuals. We extend the model in several directions: using expected utility as well...
Persistent link: https://www.econbiz.de/10010897151
RFID (Radio-Frequency IDentification) has been proposed as a leading technology that could help reduce wastage in … information on their ambient conditions through appropriate sensors. We model and study the utility of sensor-enabled RFID … incorporation of RFID could benefit distributors, retailers and consumers. We also consider RFID investment decision in a highly …
Persistent link: https://www.econbiz.de/10010869158
a retail store is RFID-tagged. While the business case for expensive items to be RFID tagged may be somewhat clear, we … claim that even ‘cheap’ items (i.e., those that cost less than an RFID tag) should be RFID tagged for retailers to benefit … from efficiencies associated with item-level visibility. We study the relative price premiums a retailer with RFID tagged …
Persistent link: https://www.econbiz.de/10010871189
As perishable food supply networks become more complex, incidents of contamination in these supply networks have become fairly common. Added to this complexity is the fact that there have been long delays in identifying the contamination source in several such incidents. Even when the...
Persistent link: https://www.econbiz.de/10010595029