In this paper, the sustainability of public debt is interpreted as the result of the interaction of fiscal policy with the economic environment, and not as a statistical concept as in most of the recent literature. If debt must not explode over time, policy makers have to respond to the changing conditions in the macroeconomic environment. This paper defines the conditions which will ensure com...

The standard intertemporal model of open economy with a dynamic budget constraint predicts that investment and saving should be cointegrated as long as the economy does not violate its budget constraint. Recent empirical studies of the long run investment-saving comovement for the 1947:1–1987:3 period US data, however, report conflicting findings: some studies find that the time series of inves...

The World Health Organization’s (WHO’s) World Health Report 2010, “Health systems financing, the path to universal coverage,” promoted universal health coverage (UHC) as an aspirational objective for country health systems. Yet, in addition to the dimensions of services and coverage, distribution of coverage in the population, and financial risk protection highlighted by the report, the conside...

Fixed charge solid transportation problems are formulated as profit maximization problems under a budget constraint at each destination. Here item is purchased in different depots at different prices. Accordingly the item is transported to different destinations from different depots using different vehicles. Unitsare sold from different destinations to the customers at different selling prices...

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...