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Excerpt from Seasonal Inventories and the Use of Product-Flexible Manufacturing TechnologyUltimately one would like to know how a firm with the option of holding inventory and/or investing in flexible capacity would optimally respond to dynamic, non-stationary uncertainty, particularly unpredictable variability in market conditions. This problem is too complex to be addressed in full generality, but by decomposing the variability into its cons...

In 1999 a scientific committee issued a critique of RAND's 1994 "Controlling Cocaine" report concluding that it did not constitute a pervervasive basis for the formation of cocaine control policy. This volume answers and rebuts these criticisms.

Excerpt from Seasonal Inventories and the Use of Product-Flexible Manufacturing Technology As advancing technology makes Flexible Manufacturing Systems (FMS's)a viable option for an increasing number of firms and products, determining their economic value has become increasingly important. Despite considerable research in this area, the effect of the ability or inability to hold interperiod inventories on the value of FMS's has received relat...

2nd edition. A non-partisan primer on this contentious topic.

Over the next decade, the United States is likely to face a flood of debate and state referendums proposing the legalization of marijuana production and use. Marijuana Legalization will provide readers with a non-partisan primer about the topic, covering everything from the medical definition and benefits and negative consequences of using marijuana, to current laws around the drug, the likely consequences of legalization at the state and nati...

Marijuana Legalization: What Everyone Needs to KnowRG provides readers with a non-partisan primer covering everything from the risks and benefits of using marijuana to what is happening with marijuana laws around the world. This book serves as the price of admission for any serious discussion about marijuana legalization.

Estimates the amount of social benefit that prevention programs generate through reductions in the use of cocaine, marijuana, alcohol, and tabacco

The authors assess the success of US drug policies to date and review possible reasons why they have not been more successful. They recommend management of the drug problem for the long term, use of different policy levers depending on the situation, and tolerance of cross-state policy variation.

Do mandatory minimum sentences decrease the nation's drug consumption?