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Taxation policy is driven by many factors, including public opinion, but little research has examined the strength and stability of the public's taxation preferences. This paper demonstrates one way in which preferences for progressiveness depend on the framing of the question asked....
Persistent link: https://www.econbiz.de/10008602741
subjects. Second, heuristics differ by age with older subjects relying more on suboptimal decision rules. In a heuristics …
Persistent link: https://www.econbiz.de/10008611292
The gambler's fallacy and the hot hand belief have been classified as two exemplars of human misperceptions of random sequential events. This article examines the times of pattern occurrences where a fair or biased coin is tossed repeatedly. We demonstrate that, due to different pattern...
Persistent link: https://www.econbiz.de/10008565936
Nowadays railway companies are confronted with high infrastructure maintenance costs. Therefore good strategies are needed to carry out these maintenance activities in a most cost effective way. In this paper we solve the preventive maintenance scheduling problem (PMSP) using genetic algorithms,...
Persistent link: https://www.econbiz.de/10008584796
This paper clarifies some misinterpretations of three foundational concepts in mainstream economics from Islamic viewpoint. These are scarcity of resources, pursuit of self-interest and maximizing behavior of economic agents. It argues that stocks of resources that God has provided are...
Persistent link: https://www.econbiz.de/10009147568
Persistent link: https://www.econbiz.de/10009149874
Given the widespread use of the hub and spoke network architecture and its growing importance to competitiveness in logistics, communication, and mass transportation, there has been considerable interest by practitioners and researchers alike in finding efficient methods for designing such...
Persistent link: https://www.econbiz.de/10009189690
We address the problem of sequencing jobs, each of which is characterized by one of a large number of possible combinations of customer-specified options, on a paced assembly line. These problems arise frequently in the automotive industry. One job must be launched into the system at equal time...
Persistent link: https://www.econbiz.de/10009191205
We consider multimachine scheduling problems with earliness and tardiness costs. We first, analyze problems in which the cost of a job is given by a general nondecreasing, convex function F of the absolute deviation of its completion time from a (common) unrestrictive due-date, and the objective...
Persistent link: https://www.econbiz.de/10009191554
decision variables to facilitate solution. We then develop two heuristics to obtain approximate solutions to the TDP. The first … heuristic is an LP-based method, while the second uses a combination of LP relaxation and branch and bound. The two heuristics …
Persistent link: https://www.econbiz.de/10009191634