The price-setting newsvendor: review and extensions

The newsvendor problem is a staple of operations management research, pedagogy and practice. From its humble roots as a single-period problem for a price-taking newspaper seller, this problem (and its solutions) has inspired generations of researchers and students while contributing to inventory management at countless firms. One major extension of the newsvendor problem was the extension of the decision variables to include price as well as quantity. This extension has been known for decades, but recently gained new life, as researchers have expended considerable energy in analysing and exploring this scenario. We trace major developments in the single-period, price- and quantity-setting newsvendor problem in the recent past and propose extensions of these developments. We also extend a relatively unexplored model describing a price-setting newsvendor faced with a fixed stock level to show that there is a unique optimising price and that, as in the price- and quantity-setting newsvendor problem, the optimal price depends heavily on the form of the demand uncertainty.     

Another look at technical efficiency in American states, 1979–2000

A recently developed stochastic frontier production function methodology is used to estimate econometrically how technical efficiency, technological progress, and returns to scale contributed to US states’ economic growth in 1979–2000. Improved regional human capital data that are superior to the traditional “years of school” data are included. In support of the prior literature, overall technical inefficiency is found to be low but unlike earlier studies diverging over time with almost no shifting of the aggregate frontier. Efficiency is positively associated with relative historical wealth, human capital, relatively worse recession experience, greater market concentration, and a smaller informal economy.     

Effects of NOM properties on copper release from model solid phases

This study examined impacts of concentrations and properties of natural organic matter (NOM) on copper release from characteristic copper solid model phases such as tenorite CuO and malachite Cu₂(OH)₂CO₃. Unaltered Aldrich humic acid (AHA) and standard Suwannee River fulvic acid (SRFA) strongly increased copper release from the model phases but NOM alteration by chlorination or ozonation gradually suppressed or, at higher oxidant doses, eliminated these effects. The nature of NOM changes induced by chlorination and ozonation was examined using differential absorbance spectroscopy (DAS) and high-performance size-exclusion chromatography (HPSEC). The data of these methods show that NOM molecules with higher apparent molecular weight (AMW), higher aromaticities and contributions of protonation-active phenolic and carboxylic groups play a key role in adsorption and colloidal dispersion of the model solids. The data also show that metal release from model phases was well correlated with a number of spectroscopic parameters characterizing NOM properties, notably SUVA₂₅₄, spectral slopes of NOM absorbance, and differential absorbance at wavelength of 280 nm and 350 nm that is indicative of the contributions of carboxylic and phenolic functional groups. Changes of ζ-potential of the model solid phases were the strongest predictor of the enhancement of copper release especially in the system controlled by malachite. While effects of NOM on the ζ-potential of tenorite and malachite were prominent for unaltered NOM, its oxidation by chlorine and ozone was accompanied by a gradual decrease and ultimately disappearance of its surface activity.     

Thermal Properties of (Zr,TM)B2 Solid Solutions with TM = Hf,Nb, W,Ti, and Y

The thermal properties were investigated for hot‐pressed zirconium diboride—transition‐metal boride solid solutions. The transition‐metal additives included hafnium, niobium, tungsten, titanium, and yttrium. The nominal additions were equivalent to 3 at.% of each metal with respect to zirconium. Powders were hot‐pressed to nearly full density at 2150°C using 0.5 wt% carbon as a sintering aid. Thermal diffusivity was measured using the laser flash method. Thermal conductivity was calculated from the thermal diffusivity results using temperature‐dependent values for density and heat capacity. At 25°C, the thermal conductivity ranged from 88 to 34 W·(m·K)^?1 for specimens with various additives. Electrical resistivity measurements and the Wiedemann–Franz law were used to calculate the electron contribution of the thermal conductivity and revealed that thermal conductivity was dominated by the electron contribution. The decrease in thermal conductivity correlated with a decrease in unit cell volume, indicating that lattice strain may affect both phonon and electron transport in ZrB₂.     

Analysis of Serum Advanced Glycation Endproducts Reveals Methylglyoxal-Derived Advanced Glycation MG-H1 Free Adduct Is a Risk Marker in Non-Diabetic and Diabetic Chronic Kidney Disease

Accumulation of advanced glycation endproducts (AGEs) is linked to decline in renal function, particularly in patients with diabetes. Major forms of AGEs in serum are protein-bound AGEs and AGE free adducts. In this study, we assessed levels of AGEs in subjects with and without diabetes, with normal renal function and stages 2 to 4 chronic kidney disease (CKD), to identify which AGE has the greatest progressive change with decline in renal function and change in diabetes. We performed a cross-sectional study of patients with stages 2–4 CKD, with and without diabetes, and healthy controls (n = 135). Nine protein-bound and free adduct AGEs were quantified in serum. Most protein-bound AGEs increased moderately through stages 2–4 CKD whereas AGE free adducts increased markedly. Methylglyoxal-derived hydroimidazolone MG-H1 free adduct was the AGE most responsive to CKD status, increasing 8-fold and 30-fold in stage 4 CKD in patients without and with diabetes, respectively. MG-H1 Glomerular filtration flux was increased 5-fold in diabetes, likely reflecting increased methylglyoxal glycation status. We conclude that serum MG-H1 free adduct concentration was strongly related to stage of CKD and increased in diabetes status. Serum MG-H1 free adduct is a candidate AGE risk marker of non-diabetic and diabetic CKD.     

Electron-probe micro-analyser examination of worn cutting edges*

A technique is outlined for wear and machinability studies on certain cemented carbide tool materials using electron-probe micro-analysis. Results of metallic interdiffusion and adherence are presented and are illustrated by characteristic X-ray scanning images for certain of the chemical elements involved.     

A clamp to hold electron-microscope grids for shadowing

The construction and use of a clamp to hold electron-microscope grids for shadowing is described. The clamp holds up to twelve grids at one time and is particularly useful for undergraduate teaching.     

Nanorod heterostructures showing photoinduced charge separation

Size- and shape-dependent property modifications of semiconductor nanocrystals have been a subject of intense interest because of their potential for future engineering devices. The bandgap and related optical-property tuning of these materials are mainly governed by the nature of their band edges. In addition, fusing one type of nanocrystal over another enables further control of material properties that are dependent on the relative alignments of their energy levels. On a molecular scale, the synthesis of supramolecular compounds has inspired advances in theories for photoinduced charge transfer. Heterostructured nanocrystals potentially provide a nanoscale analog of such systems. A method for preparing heterostructured nanocrystals of complex morphologies showing photoinduced charge separation is presented. It is shown that the energy and lifetime of the charge-transfer photoluminescence band can be tuned by changing the relative alignment of band edges in CdSe/CdTe heterostructure nanorods. The long-lived charge transfer states in these type II semiconductors may make them attractive for photovoltaic applications.