Single-period inventory models with uncertain demand are very well known in the business analytics community. Typically, such models are rule-based functions, or sets of functions, of one decision variable (order quantity) and one random variable (demand). In academics, the models are taught selectively and usually not completely. Students are…

The urgent need to correct inequities and shortsighted rural justice practices, i.e., juvenile delinquency problems, makes it crucial that available resources be used wisely and that careful choices be made among the viable alternatives. Twelve basic economic concepts can be helpful in providing a framework or diagnostic perspective that can be…