Under a real-time gross settlement (RTGS) system, there is an incentive for system participants to delay making their outgoing payments to facilitate their funding, and this creates the risk of settlement delays spreading throughout the entire system. Intraday credit facility and market practices have been established to avoid the risk and led to settlement concentration in the morning, as well...

Firms engaged in remanufacturing activities generally adopt more than one recycling channel to collect more used products and gain more profits. This paper explores the optimal strategies for a retailer-dominated closed-loop supply chain (CLSC) with a triple recycling channel in the construction machinery remanufacturing context. In this special system, the retailer is the leader and authorized...

Recovery of gold and other valuable metals from electronic scrap involves a complex metallurgical flow sheet and requires state-of-the-art recovery technologies that are available in large-scale, integrated smelter and refinery operations. At the end of their use, electronic and other electrical product scrap offer an important recycling potential for the secondary supply of gold and silver...

As the title suggests, this paper compares two “formula” or mechanical investment techniques, dollar cost averaging and a relatively new proposal, value averaging, to a form of random investing to determine if any technique yields superior investment performance. Results indicate that value averaging does provide superior expected investment returns when investment prices are quite volatile and...

The mobile online medium (i.e. mobile data communication) allows the creation of context-sensitive profiles for mobile consumers by using identityand context information and thereby enabling the efficient targeting of current consumers' needs. However, current implementations of Mobile Marketing activities do not make use of these beneficial unique features and apply, for instance, content-base...

We separate the “rentier” portion of the budget constraint of the representative agent from the “income-plus-distributed profits” segment. The former’s wealth consists exclusively of returns on government bonds, the latter’s wealth is wage income from working for firms plus the distributed profits of the latter. The non-neoclassical element is the non-imposition of the market-clearing assumptio...

this study aimed to identify problems arising from lack of knowledge in interest groups about wastewater reuse and delphi survey was conducted. according to experts, the most important factor that may cause the public resistance against the use of treated wastewaters is “health concerns”. this factor may be resulted from “lack of trust on the responsible organizations” and “ignorance about trea...