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A plant location model with two major aspects is outlined. First, discrete stochastic programming is used to handle variability in supplies and demands. Second, the cost structure of plants is modelled in more detail and with more realism than is usual. Results from applying the model to the...
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Chicagoan theories of and policies for unpriced natural resources have gathered momentum over the past twenty years and have reached a fair degree of acceptability among some agricultural economists and some governments. The critical evaluation of the logic, explanatory and predictive power of...
This paper is a discourse on how promotion may contribute to the efficiency of consumption. The view is taken that, through its addition to the quantity of search with respect to product characteristics, promotion may enable consumers to allocate their expenditures more efficiently and yield...
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