This article estimates the mortality cost of smoking based on the first labor market estimates of the value of statistical life by smoking status. Using these values in conjunction with the increase in the mortality risk over the life cycle due to smoking, the value of statistical life by age and gender, and information on the number of packs smoked over the life cycle, produces an estimate of ...

This article estimates the mortality cost of smoking using the first labor market estimates of the value of statistical life by smoking status. The value of statistical life is $7 million for both smokers and nonsmokers. Using this value in conjunction with the increase in the mortality risk over the life cycle due to smoking, the value of statistical life by age and gender, and information on ...

Original scientific paper High uncertainty and variability of acquirable cores can lead to some difficulties of operations management in the remanufacturing process. Two acquisition models with quantity discount and carbon tax scheme were established to analyze the effect of quality variability and condition uncertainty and to reduce these difficulties. In the first model, quality variability w...

In this paper, a realistic replenishment model with multiple warehouses (one is primary warehouse (PW) from where the items are sold and others are secondary warehouses (SWs) where the items are stored) is developed with fuzzy lead-time under the assumption that the capacities of the warehouses are finite. Inflation and time value of money are taken into account. The items of secondary warehous...

Lignocellulosic biomass feedstock transportation bridges biomass production, transformation, and conversion into a complete bioenergy system. Transportation and associated logistics account for a major portion of the total feedstock supply cost and energy consumption, and therefore improvements in transportation can substantially improve the cost-competitiveness of the bioenergy sector as a who...

This paper considers a supply chain that includes one supplier and retailer, in which the retailer has more accurate demand forecast. The blockchain technology can verify authenticity of information, then choose to truly share information with by adopting such costly technology. We discuss three scenarios based on signaling game: bears all cost (no subsidy), part providing direct subsidy or who...

Despite the obstacles caused by the data constraints and diversity of industrial structure, analysis of the service sector is growing in importance. Focusing on one service industry in particular—freight transportation—a research team led by Senior Fellow Yoko Konishi set about analyzing the time cost as well as the monetary cost—cost of gasoline, expressway tolls, drivers' wages, and so forth—...

In this paper, we consider the fuzzy fixed-charge transportation problem (FFCTP). Both of fixed and transportation cost are fuzzy numbers. Contrary to previous works, Electromagnetism-like Algorithms (EM) is firstly proposed in this research area to solve the problem. Three types of EM; original EM, revised EM, and hybrid EM are firstly employed for the given problem. The latter is being firstl...

We thank the editor and an anonymous referee. Any errors are our own. Abstract Using the WACC to Value Real Options We present a real option valuation using the weighted average cost of capital (WACC). This is an alternative to risk-neutral real option valuation. Using the WACC involves a marginal increase in mathematical complexity, but it is easy to implement in a spreadsheet, and it is easy ...