Demand fluctuations that cause variations in output levels will affect a firm’s technical inefficiency. To assess this demand effect, a demand-truncated production function is developed and an “effectiveness” measure is proposed. Often a firm can adjust some input resources influencing the output level in an attempt to match demand. We proposes a short-run capacity planning method, termed proac...

The domain of knowledge1 is more encompassing than that of wealth and materials. For dealing with utility of knowledge, all factors (its scarcity, its total utility, its marginal utility, specifically its diminishing marginal utility, its utilitarian value, its exchange value, etc.) that influence the evaluation need to be considered. From a communication perspective, knowledge can be traced ba...

Intangible Cultural Heritage has penetrated into lots of tourism fields and the experience tourists since introduced China. Marginal diminishing effects in intangible cultural heritage describes decreasing satisfaction as proportion increases a specific atmosphere. In this paper, Guangzhou Qixi Natural Resort will be selected research object to conduct qualitative based on interviews analysis. ...

introduction: marginal adaptation of cast restorations is essential for their long-term success. as dentists usually assign ditching of dies to laboratory technicians, and ditching has a significant effect on marginal adaptation, the aim of this study was to compare ditching by laboratory technicians and standard approach on marginal adaptation of cast restoration. materials and methods: in thi...

Which ads should we display in sponsored search in order to maximize our revenue? How should we dynamically rank information sources to maximize value of information? These applications exhibit strong diminishing returns: Selection of redundant ads and information sources decreases their marginal utility. We show that these and other problems can be formalized as repeatedly selecting an assignm...

Which ads should we display in sponsored search in order to maximize our revenue? How should we dynamically rank information sources to maximize the value of the ranking? These applications exhibit strong diminishing returns: Redundancy decreases the marginal utility of each ad or information source. We show that these and other problems can be formalized as repeatedly selecting an assignment o...

We implement a dynamic asset pricing experiment in the spirit of Lucas (1978) with storable assets and non-storable cash. In one treatment we impose diminishing marginal returns to cash to incentivize consumption-smoothing across periods, while in a second treatment there is no induced motive for trade. In the former case we find that subjects use the asset to smooth consumption though the asse...

Diminishing marginal utility (DMU) is a basic tenet of economic and psychological models of judgment and choice, but its determinants are little understood. In the research reported here, we tested whether insensitivities in valuations of dollar amounts (e.g., $40, $100) may be due to inexact mappings of symbolic numbers (i.e., "40," "100") onto mental magnitudes. In three studies, we demonstra...