Business Collaboration within the Nazi War Machine: Corporations and the State in the Austrian Semiperiphery

The military strength of German National Socialism was based on the collaboration of large corporations with the Nazi state. Business provided capital, loans, taxes, managerial expertise and production for war industries. I elaborate four ideal‐typical modes of business collaboration. Each mode is illustrated by a case study of a German corporation that acquires an Austrian firm: Krupp (traditional mode); the Reichswerke state conglomerate (coercive); Deutsche Bank (managerial nationalist); and IG Farben (competitive investment mode). The first and the last modes occurred when the state was highly dependent on large businesses for the economic requisites of war. The acquired firms in the Austrian semiperiphery contributed to Nazi war mobilization, as they exploited labor and resources from the peripheral regions of southeastern Europe. Patterns of the state's resource dependency on business led to bargaining interactions between state and business, over time shaping the mix between state and private ownership of war industry.     

A hybrid genetic algorithm/mathematical programming approach to the multi-family flowshop scheduling problem with lot streaming

This paper presents a hybrid genetic algorithm/mathematical programming heuristic for the n-job, m-machine flowshop problems with lot streaming. The number of sublots for each job and the size of sublots are directly addressed by the heuristic and setups may be sequence-dependent. A new aspect of the problem, the interleaving of sublots from different jobs in the processing sequence, is developed and addressed. Computational results from 12 randomly generated test sets of 24 problems each are presented.     

Factors affecting pre-arbitral settlement of rights disputes: Predicting the method of rights dispute resolution

Every arbitrator has had a scheduled arbitration hearing cancelled because the disputants have privately resolved the matter. This article identifies and examines those characteristics of grievance impasses that are associated with pre-arbitral dispute settlement — that is, settlement of a grievance dispute after submission to arbitration but before an award is issued — and those that are associated with arbitral dispute settlement — that is, settlement of a grievance dispute through issuance of an arbitration award. The study concludes that the primary determinant of pre-arbitral settlement is the degree of private, outside, legal representation.     

Book reviews

’Rearing Wolves to Our Own Destruction’: Slavery in Richmond, Virginia, 1782–1865. Midori Takagi. Charlottesville, Virginia: University Press of Virginia. 1999. xi, 187 pp. $37.50 (cloth). ISBN 0–8139–1834–0.

Hidden Lives: The Archaeology of Slave Life at Thomas Jefferson's Poplar Forest. Barbara J. Heath. Charlottesville and London: University of Virginia Press. 1999. x, 81 pp. $12.50 (paper). ISBN 0–8139–1867–7.

Disowning Slavery: Gradual Emancipation and ‘Race’ in New England, 1780–1860. Joannk Pope Melish. Ithaca: Cornell University Press. 1998. xvii, 296 pp. £26.50 (cloth). ISBN 0–8014–3413–0.

American Slaves in Victorian England: Abolitionist Politics in Popular Literature and Culture. Audrey A. Fisch. Cambridge: Cambridge University Press. 2000. x, 139pp. £35.00/$59.95. (cloth). ISBN 0–521–66026–2.

Slaves and Slaveholders in Bermuda, 1618–1782. Virginia Bernhard. Columbia. Missouri: University of Missouri Press. 1999. xviii, 316pp. £29.95. ISBN 0–8262–1227–1.

Centering Woman: Gender Discourses in Caribbean Slave Society. Hilary McD. Becklks. Kingston, Jamaica: Ian Randle Publishers; Princeton: Marcus Weiner Publishers; Oxford: James Currey Publishers. 1999. xxv, 211 pp. £15.95 (paper). ISBN: 976–8123–78–8.

Empire and Antislavery: Spain, Cuba, and Puerto Rico, 1833–1874. Christopher Schmidt‐Nowara. Pittsburgh: University of Pittsburgh Press. 1999. xiii, 239 pp. $50.00(cloth). ISBN 0–8229–4089–2; $22.95 (paper), ISBN 0–8229–5690 X.

Shaping the Discourse on Space: Charity and Its Wards in Nineteenth‐Century San Juan, Puerto Rico. Teresita MartíNez‐Vergne. Austin: University of Texas Press. 1999. xv, 235 pp. $32.50 (cloth). ISBN 0–292–75220–2; $17.95 (paper). ISBN 0–292–75221–0.

The Colonial Caribbean in Transition: Essays on Postemancipation Social and Cultural History. Edited by Bridget Brereton and Kevin Yelvington. Kingston and Gainesville: The Press, University of the West Indies and the University Press of Florida. 1999. xxiii, 319 pp. $49.95 (cloth) ISBN 0–8130–1696–7; $30.00 (paper) ISBN 976–640–030‐X.     

OPTIMAL PORTFOLIO SELECTION WITH UPPER BOUNDS FOR INDIVIDUAL SECURITIES*

In this paper, we consider optimal portfolio selection with no short sales and with upper bounds for individual securities. The solution is reached by directy revising the optimal portfolio without upper bounds. Specifically, our analysis is based on the single-index model, as well as the general multi-index model that provides the return generating process for securities in the arbitrage pricing theory. As demonstrated in a simulation study, the proposed algorithm for optimal portfolio selection usually requires very few iterations. Also, since our approach is developed using intuitive reasoning and simple linear algebra, we are able to provide direct and intuitive justifications for the resulting portfolio choice. Therefore this paper should be of interest to both finance academics and practitioners in portfolio management.