We propose a supporting framework for the material control system Paired-cell Overlapping Loops of Cards with Authorization (POLCA), which combines the advantages of push systems and pull systems. In our load based version of the POLCA control system, we rely on a multiproduct, multi-machine...

This paper studies job raiding and its effect on incentives to invest in human capital. A firm can offer more attractive wages to new hires than to its current employees, thereby raiding a rival’s workers. Our model shows that firms prefer to raid in equilibrium when given the opportunity to...

In this paper, we study the decision problem of a retailer, who wants to optimize the amount of shelf inventory of a particular product, given that the demand for the product is stochastic and replenishment lead times (from the store’s stockroom to the shelf) are negligible. The shelf...

This paper investigates the impact of an online retailer’s stock-out policy on purchase incidence and choice. We make a distinction between three policies: (1) stock-outs are immediately visible and there are no suggestions, (2) stock-outs are only visible after clicking and (3) a replacement...

We develop a positive non-parametric model of public sector production that allows us to test whether an implicit procedure of cost minimization at shadow prices can rationalize the outcomes of public sector activities. The basic model focuses on multiple C-outputs and does not imply any...

The purpose of this paper is to study tax competition on a parallel road network when different governments have tolling authority on different links of the network. Reflecting many current situations in Europe, each link is used by both local and transit traffic, and transit has a choice of...

This paper provides an in-depth, qualitative analysis of the physician’s prescription decision process. The research approach is designed to meet the full complexity and sensitive nature of the physician’s choice behavior, which appears to be more hybrid and less rational in nature than is...

In this paper, we try to show, using a simple numerical example of a fictive international sports event, that there is a fundamental difference between what is generally called an economic impact study of a sports event and a cost-benefit analysis. The difference is important because an economic...