This paper studies a supply chain with one supplier and multiple heterogeneous retailers where base-stock policies are practiced. The supplier's performance, in terms of optimal cost, optimal stocking level, and implied service level, is investigated under different retailer replenishment...

The saving rate of China is high from many perspectives - historical experience, international standards and the predictions of economic models. Furthermore, the average saving rate has been rising over time, with much of the increase taking place in the 2000s, so that the aggregate marginal...

This paper extends the decomposition of marginal effects suggested by McDonald and Moffitt [The Review of Economics and Statistics 62: 318-321, 1980] to a nonlinear tobit model, considering the increasing use of tobit analysis and substantive economic implications of the decomposition. The...

China’s saving rate is high from many perspectives – historical experience, international standards and model predictions. Furthermore, the average saving rate has been rising over time, with much of the increase taking place in the 2000s. What sets China apart from the rest of the...

China’s saving rate is high from many perspectives – historical experience, international standards and model predictions. Furthermore, the average saving rate has been rising over time, with much of the increase taking place in the 2000s. What sets China apart from the rest of the world is...

With dual pressures of climate change and energy crisis, the development of low-carbon economy has become the biggest national economic and social development problem, which is also explicitly proposed in China׳s 12th Five-Year Plan Outline. Power generation enterprises in China have...

Air pollution and climate change increased the importance of renewable energy resources like solar energy in the last decades. Rack-mounted PhotoVoltaics (PV) and Building Integrated PhotoVoltaics (BIPV) are the most common photovoltaic systems which convert incident solar radiation on façade...