Proposals to substantially reduce or eliminate the state income tax and replace the lost revenue through a higher sales tax rate, an expanded sales tax base, or some combination of the two, are being considered in a dozen states, specifically Georgia, Hawaii, Idaho, Kansas, Louisiana, Missouri, Nebraska, New Jersey, Ohio, Oklahoma, Oregon and South Carolina (Hamilton 2012). While no state has f...

Ramshankar.R Independent Researcher MS(ECE), University of Massachusetts Amherst, MA, USA Ramanarayanan.R Professor of Mathematics (Retired) Veltech Group of Institutions, Chennai India . ABSTRACT: This paper studies two stochastic Models (A) and (B) with bulk production and bulk sales of products with catastrophe. The system has infinite storing capacity and the production and sales sizes are ...

Different prediction methods give different performance predictions when used for daily fresh food sales forecasting. Logistic Regression (LR) is a good choice for binary data, the Moving Average (MA) method is good for simple prediction, while the Back-Propagation Neural Network (BPNN) method is good for long term data. In this study we develop and compare the performance of three sales foreca...

This article shows that in a model of exogenously given sales expansion target with a dominant manufacturer, the relative profitability of coupon and price-reduction schemes depends on the values of coupon redemption rates and the equivalence ratio of price reduction to coupon face value. It is also shown that retailer’s margin has an uncertain impact on the compensation constraint on the manuf...

One of the factors that separated winning hotels from losers in the recession was the hotels’ management of marketing expenses. By matching a group of 100 winners to 106 losers, based on high or low financial performance during the nadir of the recent recession, the study highlights the effects of marketing expenses as one primary driver of revenue and profit. The study compares the two groups’...

We consider a firm that sells seasonal goods. The firm seeks to reach a fixed level of goodwill at the end of the selling period, with the minimum total expenditure in promotional activities. We consider the linear optimal control problem faced by the firm which can only control the communication expenditure rate; communication is performed by means of advertising and sales promotion. Goodwill ...