today, transportation of hazardous materials (i.e., hazmat) is a very important issue for researchersdue to the risk of this transit, which should be considered for development of industries and transportation.therefore, a model that is useful should consider the risk and damage to humanitarianand environmental issues due to transit of hazmat materials. by considering the related cost, thereali...

This paper examines a sustainable supplier’s price discount strategy in competitive environment as it considers building two-level supply chain system consisting of two suppliers and single retailer under the condition uncertain demand, investigates impact suppliers’ on retailer’s expected profits. We find that profit increases increases. When only supplier offers discount, purchasing cost will...

OBJECTIVES Discounting of costs in health-related economic evaluation is generally regarded as uncontroversial, but there is disagreement about discounting health benefits. We sought to explore the current recommendations and practice in health economic evaluations with regard to discounting of costs and benefits. METHODS Recommendations for best practice on discounting for health effects as ...

The levelized cost of energy (LCOE) approach has become popular, especially in the field of renewable energy. We argue that when assessing levelized cost of energy, different rates should be used for borrowing and discount rates. We further argue that the risk-free rate should be used for discounting when assessing and comparing the cost of energy across different producers and technologies. Re...

In this short paper we prove that the classic simplex method with the mostnegative-reduced-cost pivoting rule (Dantzig 1947) for solving the Markov decision problem (MDP) with a fixed discount rate is a strongly polynomial-time algorithm. The result seems surprising since this very pivoting rule was shown to be exponential for solving a general linear programming (LP) problem, and the simplex (...