OBJECTIVE To evaluate the cost-effectiveness and cost benefit of Safer Choices, a school-based human immunodeficiency virus, other sexually transmitted diseases, and unintended pregnancy prevention intervention for high school students. METHODS The baseline cost-effectiveness and cost benefit were derived in 4 steps: (1) estimation of intervention costs; (2) adaptation of the Bernoulli model ...

Eastern Germany’s recovery from the “unification shock” has been characterized by deep structural change – with apparent repercussions for the West as well – and an integration process involving both capital deepening (extensive and intensive investment) and labor thinning (net out-migration). I propose a constant-returns neoclassical model of economic integration which can account for these fa...

We study a stochastic inventory model of a firm, that sources the product from a make-to-order manufacturer, and can ship orders by a combination of two freight modes. The two freight modes differ in lead-times, and each has a fixed and a quantity proportional cost for each use. The ordering decisions are made periodically; however, the inventory holding and back-order penalty costs are incurre...

In this paper, we first look at the issue of non-shortages in models with proportional imperfect quality, when the proportion of the imperfects is a random variable. More specifically we revisit the papers of Salameh and Jaber (Int. J. Prod. Econom. 64 (2000) 59) and Chan et al. (Prod. Plann. Control 14 (2003) 588) and we point out that the sufficient conditions given in these papers to ensure ...

In this paper, the classical economic production quantity (EPQ) model is developed for non-instantaneous deteriorating items by considering a relationship between the holding cost and the ordering cycle length. Two models are developed. First, the proposed model is considered when backorders are not permitted and this condition is waived for the second case. The cost functions associated with t...

This paper develops a game theoretic model of a one-manufacturer and one-retailer supply chain allowing the second ordering to investigate how to coordinate the order quantity and advertising investment via a markdown money-cooperative advertising contract. We focus on the effects of allowing the second ordering on equilibrium outcome and coordination mechanism. We find: the relationship betwee...

We study a perishable inventory system that requires to maintain a fresh and large quantity of inventory at all times. For example, certain pharmaceuticals are kept for emergency preparedness and response operations. We aim to maximize the profit by optimizing the joint problem of the ordering and issuing policies while maintaining a minimum amount of perishable inventory. First, we consider a ...

We develop a tractable two-country overlapping-generations model and show that cross-country differences in financial development can explain three recent empirical patterns of international capital flows: Financial capital flows from relatively poor to relatively rich countries, while foreign direct investment flows in the opposite direction; net capital flows go from poor to rich countries; d...

T his paper studies echelon stock (R, nQ) policies in serial production/inventory systems with stochastic demand. We provide a recursive procedure to compute the steady state echelon inventory levels of the systems, which can be used to evaluate the long-run average holding and backorder costs as well as other performance measures. The procedure is based upon an observation of a relationship be...

This paper considers a multistage serial inventory system with Markov-modulated demand. Random demand arises at Stage 1, Stage 1 orders from Stage 2, etc., and Stage N orders from an outside supplier with unlimited stock. The demand distribution in each period is determined by the current state of an exogenous Markov chain. Excess demand is backlogged. Linear holding costs are incurred at every...