Poor communities sometimes resist private investment and destroy economic surplus even if the government has the willingness and ability to redistribute. We interpret such acts of resistance as demands for redistribution: Destruction contains credible information about how affected groups value surplus, which helps the government in implementing the optimal redistribution policy. Destruction is...

An examination of the economic impacts of the diagnosis of Actinobacillus pleuropneumoniae on grower/finisher swine operations indicated that reduced pork production, associated with the diagnosis of A. pleuropneumoniae on the operation, diminished consumer surplus by $53+/-52 million, and resulted in a total loss of $32+/-30 million to the US economy in 1995. Most of the economic surplus lost ...

This report is an e ort to consolidate two di erent avors of a surplus inventory matching problem encountered in the steel industry: Surplus Un nished Inventory Matching, and Surplus Finished Inventory Matching. This report is compiled from two other reports that describe the heuristic solution approaches developed for a real world application of these problems [1, 2]. The focus here is to moti...

We modify the compound Poisson surplus model for an insurer by including liquid reserves and interest on the surplus. When the surplus of an insurer is below a fixed level, the surplus is kept as liquid reserves, which do not earn interest. When the surplus attains the level, the excess of the surplus over the level will receive interest at a constant rate. If the level goes to infinity, the mo...

Materials management function is always a major concern to the management of any industrial organisation as high inventory and an inefficient procurement process affect the profitability to a great extent. Problems multiply due to a very current business environment in India. Hence, existing materials planning and procurement processws and inventory management systems require a re-look with res...

agricultural sector will be most affected by climate change due to its extensive interaction with the environment. and as a result of changing production conditions, community welfare is changed. this study attempted at understanding the welfare effects of changes in climate parameters on the wheat product. therefore, the yield functions were initially estimated. supply, demand and import funct...