The present paper discusses an approach to solve the joint replenishment problem in a production environment with concave production cost functions. Under this environment, the model leads to a global optimization problem, which is investigated by using some standard results from convex...

The present paper discusses an approach to solve the joint replenishment problem in a production environment with concave production cost functions. Under this environment, the model leads to a global optimization problem, which is investigated by using some standard results from convex...

The present paper discusses an approach to solve the joint replenishment problem in a production environment with concave production cost functions. Under this environment, the model leads to a global optimization problem, which is investigated by using some standard results from convex...

The paper discusses chosen issues concerning damaged gas pipelines. Attention is paid to modelling the steady-state flow of natural gas in distribution pipelines, and the most commonly applied models of isothermal and adiabatic flow are evaluated for both the ideal and the real gas properties. A...

Following some of the directives and regulations in the 3rd EU Energy Package, many of the EU members are reconsidering their methodologies to derive the tariffs charged for access and usage of their gas transport systems.

A chain has to decide the location and design for a single new facility in a region where a set of facilities already exists offering the same type of product. Some of the existing facilities belong to the chain and the others are competitors. Since competition comes from outside the chain, the...

We develop an algorithm to compute asset allocations for Kahneman and Tversky’s (Econometrica, 47(2), 263–291, 1979) prospect theory. An application to benchmark data as in Fama and French (Journal of Financial Economics, 47(2), 427–465, 1992) shows that the equity premium puzzle is...

Arnold Zellner and Nagesh Revankar in their well-known paper “Generalized Production Functions” [The Review of Economic Studies, 36(2), pp. 241-250, 1969] introduced a new generalized production function, which was illustrated by an example of fitting the generalized Cobb-Douglas function to...