A newsboy model in which a vendor has a limited budget to procure the required items is developed. It is assumed that the manufacturer will either sell the items to the vendor outright or offer the items to the vendor with return policy. In the latter case, the manufacturer buys back from the vendor the unsold items at the end of the selling season. This study considers one item with budget con...

From the introduction of Australia's national health insurance scheme (Medicare) in 1984 until recently, the proportion of the population covered by private health insurance declined steadily. Following an Industry Commission inquiry into the private health insurance industry in 1997, a number of policy changes were effected in an attempt to reverse this trend. The main policy changes were of t...

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The recognition and acknowledgement of how personal purchasing decisions affect the environment may increase the desire to buy products advertised as "environmentally-friendly." Effective and credible advertising and marketing of products deemed ecologically sound, as well as, the specific environmental qualities embodied by such products presumably weighs on the effectiveness of environmentall...