An increasing number of States are using a fair-rental approach for reimbursement of nursing home capital costs. In this study, two variants of the fair-rental capital-reimbursement approach are compared with the traditional cost-based approach in terms of after-tax cash flow to the investor, cost to the State, and rate of return to investor. Simulation models were developed to examine the effe...

This paper studies different housing market arrangements in an intertemporal pure consumption economy, consisting of a desirable and an undesirable housing location. Economic agents are heterogenous with respect to the utility premium they derive from living in the desirable location. This utility premium, or match, is drawn independently in every period, and also the popularity ranking of the ...

T paper studies the problem of purchasing and allocating copies of movies to multiple stores of a movie rental chain. A unique characteristic of this problem is the return process of rented movies. We formulate this problem for new movies as a newsvendor-like problem with multiple rental opportunities for each copy. We provide demand and return forecasts at the store-day level based on comparab...

The decision of whether to rent or own a home should involve an evaluation of the relative risks and the relative costs of the two options. It is often assumed that renting is less risky than homeownership, but that is not always the case. Which option is riskier depends on the risk source and household characteristics. This article provides a framework for understanding the sources of risk for...

In this paper we study forecast and inventory control problems for DVD-by-mail operations. Specifically, we focus on inventory management for in-circulation items after the new release rental peak. For such items, the demand volume is usually low and unpredictable. Leveraging on the unique operational feature of DVD-by-mail services, we propose effective forecast models for itemlevel returns an...

Housing is an important component of the consumption basket. Since both rental prices and goods prices are sticky, the literature suggests that optimal monetary policy should stabilize both types of prices, with the optimal weight on rental inflation proportional to the housing expenditure share. In a two-sector DSGE model with sticky rental prices and goods prices, however, we find that the op...

In many real-life situations, there are “package deals”, when customers who buy two or more different items get a special discount. For example, when planning a trip, a deal including airfare and hotel costs less than the airfare and hotel on their own; there are often also special deals when we combine airfare with car rental, and deals that cover all three items plus tickets to local tourist ...

Between 1999 and 2006, there were two episodes during which inflation in the Rent index in the CPI diverged markedly from inflation in the index for Owner’s Equivalent Rent (OER); early in 2007, these series began to diverge again. Such divergence often prompts many to question CPI methods. A key difference between these two series is that OER indexes are based upon rents which have received a ...

Rental of heavy equipment is the main business PT. Tatabumi Adhiraya. In rental business, Adhiraya not want any loss that may be experienced by as owner and customers service users equipment. Reporting system with manually recording still certainly will affect company's performance. It considered less effective efficient in supporting employee productivity satisfaction customer plus their high ...