We reconsider necessary and suffcient conditions for dynamic inefficiency given in Zilcha (1990, 1991) and a critique by Rangazas and Russell (2005). First, we show that the characterization given in Zilcha (1990) for nonstationary economies is correct and complete Zilcha's proof. Second, using this insight, we complement Rangazas and Russell (2005)'s discussion of the counterexamples to Zilcha...

This paper focuses on product portfolio management in a large multinational medical device organisation. The contribution of this research is to provide insights into the nature, composition and decision making processes of product portfolios in a real world setting. The research is important because portfolio management decisions have a significant impact and influence the performance at each ...

Most of the existing multiple criteria decision-making methods handle one kind of the information imperfections at the same time. Stochastic methods and fuzzy methods constitute typical examples of these methods. However, several multiple criteria modelizations include simultaneously many kinds of the information imperfections. In this work, we propose a multiple criteria aggregation procedure ...