In this paper we study the coordination of the two-echelon supply chain using credit and quantity discount options. We determine the retail price, order quantity for the buyer, and the setup frequency, credit period for the supplier in four different scenarios (with or without coordination and with or without credit option). And we suggest a policy that incorporates both quantity discount and c...

This paper examines the impact of Knightian uncertainty upon optimal climate policy through the prism of a continuous-time real option modelling framework. We analytically determine optimal intertemporal climate policies under ambiguous assessments of climate damages. Additionally, numerical simulations are provided to illustrate the properties of the model. The results indicate that increasing...

A question that arises in the application of environmental choice modelling (CM) studies is whether to present the choice sets in a generic or labelled form. The former involves labelling the policy options to be presented to respondents in a generic way, for example, as ‘option A’, ‘option B’, etc. The labelled approach assigns alternativespecific descriptors to each option. These may relate t...

The temporal world is characterized by dynamic and variance. A lot of machine learning algorithms are difficult to be applied to practical control applications directly, while hierarchical reinforcement learning can be used to deal with them. Meanwhile, it is a commonplace to have some partial solutions available, called options, which are learned from knowledge or predefined by the system, to ...

In Nigeria, the government is implementing the Free Maternal and Child Health Care Programme (FMCHCP). The policy is premised on the notion that financial barriers are one of the most important constraints to equitable access and use of skilled maternal and child healthcare. In Ebonyi State, Southeastern Nigeria the FMCHCP is experiencing implementation challenges including: inadequate human re...

In this paper we deal with the problem of valuing the surrender option embedded in a participating life insurance policy with a minimum interest rate guaranteed. This feature is an American-style put option that enables the policyholder to sell back the contract to the insurer at the surrender value. By means of a recursive binomial tree à la Cox, Ross and Rubinstein (1979) we compute, first of...

The Affordable Care Act (ACA) was designed to increase health insurance coverage while limiting the disruption to individuals with existing sources of insurance coverage, particularly those with employer-sponsored insurance (ESI). To limit disruption to those with coverage, the ACA implements the employer mandate, which requires firms with more than 50 employees to offer health insurance or fac...

Background SUPPORT tools consist of 18 articles addressing the health policy-makers so that they can learn how to make evidence-informed health policies. These tools have been particularly recommended for developing countries. The present study tries to explain the process of evidence utilization for developing policy documents in the Iranian Ministry of Health and Medical Education (MoHME) and...