Problems of deteriorating water quality and the prospects of large invest ments for treatment facilities have motivated government decision makers to seek more cost-effective means to manage water quality. The most preferred policy advocated by economists is based on economic incentives. But the...

Inaccuracy in the information system inventory as compared to the physical inventory may lead to out of stocks. Inaccuracy may occur for many reasons, a principal one being random losses such as theft. One way to reduce this inaccuracy is to adjust the inventory information in the systems at...