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rates, probabilistic yields from both the testing and remanufacturing processes, multiple sources of supply originating from … reverse pipeline inventory; we call this latter concept Advance Supply Information (ASI). In this paper we combine all of …
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level. This usually leads to unrealistic and extreme specialization in supply responses. McCarl (1982) introduced the … additional synthetic crop mixes based on estimated supply response elasticities and systematically varied market prices. While … avoiding extreme specialization this approach provides sufficient flexibility when future supply responses can be drastically …
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A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by observable quality and sellers have private reserve prices for their items. The buyer's problem is to select a subset of maximal quality. Money does not enter the buyer's objective function,...
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