The objective of this paper is to analyze the conditions needed to achieve sustainable private sector growth in the Visegrad countries. The analyzes focuses on (i) the "enabling" environment (legal and regulatory framework, institutional capacity); (ii) privatization of state enterprises; and...

We address the problem of choosing the cutting speed of a flexible machine-tool to minimize the expected total processing time. The tool life is a random variable with a known distribution. Tool failures cause a set-up time and thus increase processing time. We assume the coefficient of...