In this note the Nearest Neighbour Index is investigated in three cases, linear, 2-dimensional and 3-dimensional. In each case the formula is investigated and the numerical values for the data points to be viewed as attracting each other, repelling each other or being randomly distributed are justified. Also, in each of the three cases mentioned…

Benford's law of the "first digits" states that in spite of intuitively expected equal frequency of 1/9 of the decimal digits r = 1, ... , 9 appearance on the first place of any number, various empirical studies show another pattern of these frequencies distribution, which is log[subscript 10](1 + 1/r). The article considers this law and other…

An inventory replenishment policy is developed for a deteriorating item and price-dependent demand. The rate of deterioration is taken to be time-proportional and the time to deterioration is assumed to follow a two-parameter Weibull distribution. A power law form of the price dependence of demand is considered. The model is solved analytically…