A Conference Summary By Richard J. Sullivan and Zhu Wang From the early days of automated card sorting to the more recent times of the Internet and check imaging, payments and payments processing have continually embraced new technology. At the same time, the industry has been shaped by its share of entry and exit, through startups, mergers, and the reorganization of businesses seeking the prop...

The paper argues that the world economy might experiment inflationary pressures (or restrictive policies aimed at fighting them) when the economic depression triggered by the financial crisis is stabilized. The primary cause is that bad money has been (endogenously) delivered which did not lead to a proportionate increase of real wealth, thereby creating an artificial purchasing power into the ...

In the early postwar years, during the heyday of fiscal fine-tuning, monetary policy was not widely considered a particularly interesting or important topic. The predominant view was that the main function of monetary policy was to “stimulate” debt-financed purchases by keeping interest rates low. Inflation was first considered a useful lubricant to be traded for lower unemployment, and inflati...

We investigate the situation where a customer experiencing an inventory stockout at a retailer potentially leaves the firm’s market. In classical inventory theory, a unit stockout penalty cost has been used as a surrogate to mimic the economic effect of such a departure; in this study we explicitly represent this aspect of consumer behavior, incorporating the diminishing effect of the consumers...

this article seeks to identify and classify the micro factors affecting the implementation of poverty reduction policy in iran. the existence and spread of poverty in society, in spite of the existent policy programs is the sign of some weaknesses in the executive models of policy. policy making in the field of poverty reduction theoretically is classified into several categories different fact...

Health claims may contribute to better informed and healthier food choices and to improved industrial competitiveness by marketing foods that support healthier lifestyles in line with consumer preferences. With the more stringent European Union regulation of nutrition and health claims, insights into consumers' health-related goal patterns and their reactions towards such claims are needed to i...

BACKGROUND Immigrants often experience economic hardship in their host country and tend to belong to economically disadvantaged groups. Individuals of lower socioeconomic status tend to be more sensitive to cigarette price changes. This study explores the cigarette purchasing patterns among Chinese Canadian male immigrants. METHODS Semi-structured in-depth interviews were conducted with 22 Ch...

This paper investigates the optimal replenishment policy under conditions of permissible delay in payments within the economic production quantity (EPQ) framework. In 1985, Goyal assumed that: (1) The unit selling price and the unit purchasing price are equal. (2) The replenishment rate is infinite. (3) At the end of the credit period, the account is settled. The retailer starts paying for high...

In 1985, Goyal considered the retailer’s inventory replenishment problem under trade credit independent of the order quantity and the retailer’s unit selling price and the purchasing price per unit were equal. In this paper, the restrictive assumptions of the trade credit independent of the order quantity and the retailer’s unit selling price equaled to the purchasing price per unit are relaxed...