Rebates, inventories, and intertemporal price discrimination

We demonstrate that universally redeemed rebates can increase manufacturer profits by reducing the incentives of downstream retailers to hoard inventories when optimal wholesale prices vary predictably over time. By bypassing retailers and making direct contracts with buyers, the manufacturer can increase the variations in effective prices paid by consumers without concomitantly creating larger incentives for retailers to hold inventories. During profitable, high-demand periods, manufacturer revenues are ordinarily constrained by'competition'from retailer inventories, thus limiting profits. However, by selectively offering rebates to consumers while maintaining high wholesale prices, low-demand periods can be accommodated without inducing retailer hoarding.     

Electronics: The new revolution

Electronics has produced a succession of remarkable accomplishments within the lifetime of living men. Yet, new developments in the field are so vast and exciting that they may be viewed as the advent of an Electronic Revolution comparable to the Industrial Revolution.     

THE EFFECTS OF INTERDISCIPLINARY EDUCATIONAL FORMATS ON CONCEPT RETENTION AND PROBLEM–SOLVING ABILITY*

The purpose of this study was to examine the effects of different interdisciplinary problem-oriented formats on a student's knowledge of and retention of disciplinary concepts and principles, his application of these concepts and principles to disciplinary problems, and his use of a discipline in his analysis of a complex problem. Performances of students enrolled in the experimental sections were compared to those of students enrolled in standard lecture-discussion sections. Regression analysis was used to analyze students' performance in order to control the effects of differences in student backgrounds. It was found that altering the pedagogical format and reward system within the experimental sections had no significant effect upon student performances in the experimental, problem-oriented program. In general, this study indicates that students taught in the standard lecture-discussion format in which grades are determined by examination over course material retain concepts and principles, apply these concepts and principles to disciplinary problems, and integrate disciplinary concepts into their analysis of complex problems as well as, if not better than, students taught in an interdisciplinary, problem-solving format.     

AMBIGUOUS IDENTITY IN AN UNAMBIGUOUS SEX/GENDER STRUCTURE:

This article explores bisexual identity as an ambiguous social category within the dominant dualistic sex/gender structure. The article documents the stigmatization of the bisexual category in the discourse of both the Religious Right and lesbian feminist communities, then examines the impact of dual stigmatization on bisexual women, who often see bi identity as disrupting the dominant sexual binary. Drawing from interviews with bisexual women, the article argues that bisexual women's discourse on sexual subjectivity does not escape the influence of binary structures, although it does at times reconfigure the binary along the queer/nonqueer and bisexual/monosexual axes. While the bisexual identity category may work as a discursive stabilizing device during the sex/gender crisis provoked by the AIDS epidemic, its politicization by bi feminists also allows the category to be strategically deployed for feminist and queer political projects.
At the present time, the regions where the grid is tightest, where the black squares are most numerous, are those of sexuality and politics; as if discourse, far from being that transparent or neutral element in which sexuality is disarmed and politics pacified, is in fact one of the places where sexuality and politics exercise in a privileged way some of their most formidable powers.
-Michel Foucault
No wonder people think we [bisexual women] are all sleazy.
-Bisexual woman     

Rising prices,financial statements and fundamental research

Adequate consideration cannot be given to the subject of inflation accounting without a rigorous reappraisal of the nature and usefulness of published financial statements. It is argued that much fundamental research is a necessary prerequisite for the evaluation of methods of accounting in a period of inflation. Such research should begin with a consideration of the purposes to be served by the publication of financial statements. A framework is presented for such fundamental research and the results of some preliminary work outlined to assess the usefulness of financial statements in providing information to assist investors to make investment decisions. The use of financial statements by investors for this purpose is one of a number of possible objectives for financial statements.     

Manufacturing productivity

The general theory of engineering systems suggests that to produce desired order (to make a machine that works, to reduce the entropy, or even to improve productivity) the agent needs access to sources of (i) information, or useful messages; (ii) energy, or motivation; (iii) resources, including skills. A manufacturing economy, being an engineering system, obeys the same rules, so that an objective examination of 11 of them may be instructive. Since Belgium has no native energy and very few native resources, her post-1968 success in raising her productivity suggests significant improvement in her information systems. The author suggests what this improvement may have been.     

Economic lot disposition policies for single attribute sampling plans

Traditionally, single sampling plans have provided but two possible lot disposition policies, either to (1) accept or reject and screen, or to (2) accept or reject and scrap. This is particularly true of statistical designs. Economically based plans, however, provide a framework wherein several lot disposition policies may be invoked in accordance with estimated lot quality. This paper illustrates how such designs may be realized.     

The nature of action learning

Action Learning has developed to such an extent that there is now a demand to ‘know’ what it is. There is one way, and one way alone, of getting to ‘know’ what action learning is, and that is by doing it. For those who most clamour to ‘know’ what something might be are usually the victims of an educational system that leaves the vast majority who pass through it ignorant of the meaning of the verb to ‘know’ .... If, for example, I am asked “Do you know that woman?”, it is most probable that the questioner does not ‘know’ what he is asking me. Does he mean “Do I know her name? Or where she lives? Or am I able to introduce him to her? Or what she does for a living? Or do I recognise her by sight? Or have I been to bed with her? And, if so, what progress did I make?...” Thus, with action learning: “Have I read a book about it? Or attended a seminar at which somebody was trying to sell places on an action learning programme? Or visited a set of participants meeting as part of such a programme? Or tried to organise real persons tackling real problems in real time, and trying thereby to learn with and from each other? Or been an active participant myself in such a programme?...” To ‘know’ what action learning is, one must have been responsibly involved in it; since this cannot have been done merely by reading about action learning, it is impossible in this, or any other, note to convey more than the vaguest impression of what this educational approach may be. The day action learning becomes explicable in words alone will be the day to abandon the practice of it.