A discount may be defined by the location in which, and frame by which, it is communicated. Discount framing, particularly the differences etween cents-off and percentage-off discounts, has been widely studied. Discount location (e.g., proximate to or distal from regular price info) has eceived considerably less attention. We employ the proximity-compatibility principle and tenets of human memo...

Supplier selection is one the most important elements of supply chain management. This function involves evaluation of many factors such as, cost of parts/materials, size of order, quality, and delivery performance. Therefore, this problem is categorized as multi-criteria decision making problems. Different approaches have been applied in order to assess and select the suppliers when suppliers ...

Supplier selection and material procurement planning are the most important issues in supply chain management. This decision is complicated when the buyers face with discount price schemes. In real situation, each supplier may apply different methods such as different types of discount schedules and various types of payment in order to increase market share. In this situation, buyers try to sel...

The objective of this paper is to determine the socially optimal discount rate for public investment projects that entail costs and benefits in the very long run. We suppose that there is an exogenous process for the growth of consumption per capita, which is stochastic. We first evaluate the determinants of the discount rate for a specific horizon when the representative agent has a recursive ...

The forensic economics literature hosts a continuing debate about the appropriateness of using historical verses current rates to predict future net discount rates. If the net discount rate series is stationary, which means that shocks are transitory and the series reverts to a long-term mean value, estimates based on historical values are reasonable. Alternatively, if the series exhibits a uni...

This paper presents the economic ordering policies of time-dependent deteriorating items in presence of trade credit using of discounted cash-flows (DCF) approach. In inventory analysis a DCF approach permits a proper recognition of the financial implication of the opportunity cost and out-of-pocket cost. In the inventory model, shortages are not allowed. In this study mathematical models are a...

BACKGROUND The present study aimed to provide better insight on methodological issues related to time preference studies, and to estimate private and social discount rates, using a rigorous systematic review and meta-analysis. METHODS We searched PubMed, EMBASE and Proquest databases in June 2013. All studies had estimated private and social time preference rates for health outcomes through s...

The purpose of this paper is to present a polynomial time algorithm which determines the lot sizes for purchase component in Material Requirement Planning (MRP) environments with deterministic time-phased demand with zero lead time. In this model, backlog is not permitted, the unit purchasing price is based on the all-units discount system and resale of the excess units is possible at the order...