based on the “aggregate demand” theory, monetary policies are designed with the aim of achieving desirable level of macroeconomic goals through affecting the stock of money supplyand income velocity of money. thus, the velocity (v)-as well as money supply - has significant impact, particularly on rate of inflation through expansionary or contractionary monetary policy. to focus on the velocity ...

Abstract: A supply chain network perspective for electric power production, supply, transmission, and consumption is developed. The model is sufficiently general to handle the behavior of the various decision-makers, who operate in a decentralized manner and include power generators, power suppliers, the transmitters, as well as the consumers associated with the demand markets. The optimality c...

This paper studies the competitive and cooperative selection of inventory policies in a two-echelon supply chain with one supplier and N retailers. Stochastic demand is monitored continuously. Retailers incur inventory holding and backorder penalty costs. The supplier incurs holding costs for its inventory and backorder penalty costs for backorders at the retailers. The latter cost reflects the...

One essential component of health system reform is to bring the number of physicians in line with the needs of the population. The physician supply policies of prepaid group practice health maintenance organizations have been cited as one model to achieve this goal. Planning for physician supply should be an explicit public-sector activity and should not be left to the private sector, because s...

using the quarterly data of 1990:1 to 2008:1 and in a general equilibrium approach, we investigate the long run equilibrium path of the equilibrium interest rate as well as the potential output. we implement a structural reduced form of a general equilibrium model consistent with iran’s economy and estimate the unobservable variables by employing the kalman filtering technique. a exponential ut...

In this paper, a dynamic model is presented to study retailer’s procurement strategy when supply stability is endogenously determined. The optimal supply stability as well as the optimal purchasing strategy are characterized with a quadratic cost function. Based on these models, the following findings are brought about. Firstly, when the difficulty level of building supply stability exceeds a c...

increasing overall liberalization and improving reliability indexes are the two prime but often conflicting objectives of electricity markets. proper embedding of regulatory intervention of price caps provides an effective means to tradeoff between these two objectives. surprisingly, in the context of the infinitely repeated game paradigm, as in the case of actual electricity markets, the domin...

the acid-base equilibrium of lorazepam was studied by means of potentiometry andmultiwavelengths spectrophotometry. the stoichiometric equilibrium constants were determinedat 25 °c and constant ionic strength 0.1 mol l-1 (nacl). the acidity constants pk1=1.58±0.05and pk2=11.67±0.07 were found by potentiometry, and pk1=1.54±0.02 and pk2=11.61±0.03 bymulti-wavelengths spectrophotometry. potentiom...

We study a supply chain economy that comprises heterogeneous supply chains involving multiple products and competing for multiple markets. The proposed network model is built upon operation links and interface links, representing, respectively, substantial supply chain operations and coordination functions between the operations. The paper presents a variational inequality formulation of the pr...

We show that production economies are tâtonnement stable if consumers satisfy the weak axiom of revealed preference. To ensure that producer supply decisions are well defined, we restrict prices in the tâtonnement so that positive profits cannot occur but do allow supply decisions to be multi-valued. The model therefore permits linear activities and hence the technologies that admit capital the...