A multi item inventory model with demand dependent on unit price and leading time with limited storage space and set up cost is considered in this paper. The varying production and leading time crashing costs are considered to be continuous functions of unit price and leading time respectively. The model is solved using Karush Kuhn Tucker conditions approach with optimal order quantity, unit pr...

OBJECTIVE To determine the willingness to pay (WTP) and the benefit-cost of modern contraceptives delivered through the public sector in Nigeria. METHODS Data were collected from 4517 randomly selected households. The WTP for the 6 major contraceptive methods available in the public sector was elicited. Logistic regression was used to determine whether the decision to state a positive WTP amo...

To encourage patients to select high-value providers, an insurer-initiated price transparency program that focused on elective advanced imaging procedures was implemented. Patients having at least one outpatient magnetic resonance imaging (MRI) scan in 2010 or 2012 were divided according to their membership in commercial health plans participating in the program (the intervention group) or in n...

by Akshay R. Rao, Mark E. Bergen, and ^ 1 1^ f Scott Davis War I N THE BATTLE TO CAPTURE THE CUSTOMER, companies use a wide range of tactics to ward off competitors. Increasingly, price is the weapon of choice and frequently the skirmishing degenerates into a price war. Creating low-price appeal is often the goal, hut the result of one retaliatory price slashing after another is often a precipi...

There are numerous sources of bias in medical care price indices that lead to non-trivial biases in overall price indices such as the GDP deflator and the Consumer Price Index. I begin by reviewing various uses of price indices and therefore why both biases and changes in those biases matter. I describe the theory underlying official price indices. I next turn to problems of measuring medical p...

A hedonic price function for wine is estimated using Swedish data, 1989-91. Implicit prices for quality attributes are determined not from a regression of variety price on a vector of quality attributes, but rather from a regression of quantity sold (adjusted for weeks of availability) on price and quality attributes. Such a ‘reduced form’ is justified by the assumption that prices and attribut...

Through their communications mix, firms make decisions that have implications for the ease with which consumers can search for product information. A common intuition is that firms would like to make information easily available to consumers, but choose not to because facilitating consumer search is costly to them. The main result of this paper counters this intuition – firms may not want to ma...

We consider two non-interacting systems embedded in a heat bath. If they remain dynamically independent, physical inconsistencies are avoided only if the single-system reduced dynamics is completely positive also beyond the weak-coupling limit.