This paper proposes an easily implementable, scalable decomposition heuristic for determining near optimal base stocks in two-level general inventory systems. In this heuristic, the general system is decomposed into assembly systems—one for each end product. For these assembly systems, the...

In this paper we analyze the distributional effects of family related transfers in the German pension system. In particular based on a stylized microsimulation model in combination withself-collected survey data we study how different transfer programs affect the pension income and help to...