In multi-item inventory with very large number of items in retail sale stores, purchase dependency in demand amongst the items can be described by association rules mined from sale transaction data. With the knowledge of association rules, inventory replenishment policy can be designed which will result in low inventory cost and better profitability. The relevant inventory costs include the cos...

learns or should have learned of the risk created by its fault.” Jablonski v. Ford Motor Co., 955 N.E.2d 1138, 1159 (Ill. 2011) (emphasis added). See also Comstock v. General Motors Corp., 99 N.W.2d 627, 634 (Mich. 1959); Kozlowski v. John E. Smith’s Sons Co., 275 N.W.2d 915, 922 (Wis. 1979); Downing v. Overhead Door Corp., 707 P.2d 1027, 1032 (Colo. Ct. App. 1985); Wilson v. U.S. Elevator Corp...

The Statute of Budva dates from the time of Nemanjics. This medieval document was approved at the time Budva was under venetian dominion and remained in force until the end of the Venetian Republic. During 17th century the Statute was translated into the Italian language. The document includes regulations which indicate a concern for the health of the public. Among the regulations is one which ...

We propose an equilibrium model to study the impact of short-sale constraints on market prices and liquidity in imperfectly competitive markets where market makers have significant market power and are averse to inventory risk. We show that shortsale constraints decrease bid because of the market power and increase ask because of the risk aversion. Our model can therefore help explain why short...

This paper argues that the introduction of a short-sale constraint in the ArrowRadner framework invalidates standard definitions of complete and incomplete markets. In this constrained set-up, two threshold values with familiar properties arise. The case of a zero short-sale bound set on some security fulfills the standard definition of “incomplete” financial markets. Beyond a particular level ...

one of the most important dimention of the industrial structure is the concentration. in order to determine concentration in iranian industries from 2000 to 2005, the 5-firm concentration ratio is used in terms of sale value, production, value added and employment variables. the results indicate high correlation among concentration ratios in terms of sale, employment, value added and production...

Conventional credit card transactions are not consistent with Islamic principles, as exemplified by the Islamic banking system and the ‘Murabaha sale’. On the other hand, EMV-compliant IC (Integrated Circuit) cards have been developed to secure traditional Point of Sale (POS) transactions. Thus, if Islamic principles are to be applied to card payments, a new and secure card payment process is r...

This article uses the logic of double-entry bookkeeping, as it is universally used in economic life banks, central banks and companies, to precisely define nature claims money. First, shows that these two forms value are always distinct accounting, but claim by unstable, ambivalent, can evolve towards monetary form under certain conditions. Then, a second step, we show has three sources return ...

Using detailed panel data on local alcohol policy changes in Texas, this paper tests whether the effect of these changes on alcohol-related accidents depends on whether the policy change involves where the alcohol is consumed and the type of alcohol consumed. After controlling for both county and year fixed effects, we find evidence that: (i) the sale of beer and wine may actually decrease expe...

Oral cancer is second most common cancer in Pakistan and one of the major contributing factors to its high incidence is smokeless tobacco (SLT) use. 5.3% of Pakistan's youth are current SLT users. The World Health Organization requires the signatories of its "Framework Convention on Tobacco Control" to officially ban the sale of tobacco products to minors. We reviewed the Government of Pakistan...