The purpose of this study is to identify the underlying causes of late payment from the contractors’ perspective in the Malaysian construction industry and to recommend effective solutions to mitigate late payment problems. The target groups of respondents in this study were Grades G3, G5, G6 and G7 contractors with specialization in building works and civil engineering works registered with th...

In IEEE 802.11 based WLANs, nodes sharing an access point (AP) have the equal opportunity to access the link (or channel) through a random access MAC protocol. In consequence, a node sending more packets observes longer delay than other nodes sending less packets. It would be fair enough for best-effort service since the communication cost is not determined by the amount of traffic sent. In a c...

The ‘minimal’ payment—a payment method which minimizes the number of coins in a purse—is presented. We focus on a time series of change given back to a shopper repeating the minimal payment. The delay plot shows visually that the set of successive change possesses a fine structure similar to the Sierpinski gasket. We also estimate effectivity of the minimal-payment method by means of the averag...

Jamal et al. [2000. Optimal payment time for a retailer under permitted delay of payment by the wholesaler. International Journal of Production Economics 66, 59–66] study a wholesaler–retailer supply chain where the retailer is given a permissible credit period to pay back the dues without paying any interest to the wholesaler. The problem is modeled as a cost minimization problem with two deci...

The retailer (buyer) is usually allowed a permissible credit period to pay back the dues without paying any interest to the wholesaler (supplier). In this problem the retailer can pay the wholesaler either at the end of credit period or later incurring interest charges on the unpaid balance for the overdue period. This research develops a retailer's model for optimal cycle and payment times for...

 One of the complex matters in banking law is the problems and mistakes which occur in the process of bank payments. Mistake of banker or error in processing of information in bank networks may result in payment delay or paying money to the account of a person other than who was really intended. This article is about rules for allocation of losses between account holders implicated and t...

This paper presents the results of a laboratory experiment designed to investigate whether the option of a Prize Linked Savings (PLS) product alters the likelihood that subjects choose to delay payment. By comparing PLS and standard savings products in a controlled way, we find strong evidence that a PLS payment option leads to greater rates of payment deferral than does a straightforward inter...