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Business activity can be analyzed through a ‘risk awareness’ perspective and a ‘responsibility awareness’ perspective …. However, risk and responsibility are actually interdependent. Risk-taking triggers responsibility issues and taking … perspectives conceptually. After several introductory illustrations showing how risk and responsibility issues are intertwined, the …
Persistent link: https://www.econbiz.de/10010868511
A model for comparing the inventory costs of purchasing under an economic order quantity (EOQ) with a price discount system and a just-in-time (JIT) order purchasing system concluded that JIT purchasing is virtually always the preferable inventory ordering system. This claim however contradicts...
Persistent link: https://www.econbiz.de/10010869082
Trials and dangers faced by pedestrians and cyclists have not only created an impression of undesirable conditions, but have promoted arguments of injustice and inequality. High rates of death and injury coupled with reporting of poor infrastructure and fear of the behaviour of other road users...
Persistent link: https://www.econbiz.de/10010869257
uncertainty, risk, irreversibility, path dependency and lock-in effects. …
Persistent link: https://www.econbiz.de/10010869258
average returns are obtained. This puts smaller firms into a position of disproportionately high risk. Despite the earlier …
Persistent link: https://www.econbiz.de/10010869343
diagnosis time and for identifying the risk factors associated with each stage. Conventional chronic disease progression studies … hazard-based regression model is also proposed for a further risk analysis. We apply the developed methods to hepatitis C … the conventional model. We also find that the risk factors associated with each stage are more significant, particularly …
Persistent link: https://www.econbiz.de/10010871171
risk-neutral reseller faces an additive or multiplicative demand function and identify sufficient conditions under which … the optimal order quantity and retail price exist and are unique. We then analytically examine the case in which a risk … decisions. Our results also show that for a risk-averse reseller to charge a lower retail price when the spot market liquidity …
Persistent link: https://www.econbiz.de/10010871236
The results of a new experimental study reveal highly systematic violations of expected utility theory. The pattern of these violations is exactly the opposite of the classical common ratio effect discovered by Allais (1953). Two recent decision theories— stochastic expected utility theory...
Persistent link: https://www.econbiz.de/10008625739
Romanian economy is on the verge to experience a recession as the result of the spilling over of the effects of the international financial crisis. We have to admit the transcendence of the good and bad things of the global economy to the individual economies, Romania not being an exception. At...
Persistent link: https://www.econbiz.de/10008631623
We present a new model of forward dynamic utilities. In doing so, we provide unique (viscosity) solutions. In addition, we introduce Hausdorff-continuous viscosity solutions to the portfolio model.
Persistent link: https://www.econbiz.de/10008633344