Military Spending and Profit Rate: A Circuit of Capital Model with a Military Sector

2020 ◽  
pp. 1-18
Author(s):  
Adem Y. Elveren
2011 ◽  
Vol 28 (1) ◽  
pp. 55-59 ◽  
Author(s):  
Jan Frelich ◽  
Martin Šlachta ◽  
František Střeleček ◽  
Jana Lososová

Profitability of dairy farming in relation to the type of feeding systemWe investigated the profitability of dairy farms in relation to the type of feeding system (seasonal pasture vs. permanent housing). An economic analysis was carried out of data on the structure and financial health of 50 farms in 2007 using questionnaires filled in by the farmers. The Principal Component Analysis (PCA) was applied to reveal causal relationships between a number of characteristics of the farms. The two axis of PCA explained 40.48% and 16.13% of the variability among the selected farm characteristics. Profitability related more to the number of subsidies, the area of arable land, the number of livestock and to the milk and plant production than to the area of meadows and pastures. Although a better cow performance was achieved on farms with confined herds, the profit per agricultural area and profit rate did not differ significantly between the two feeding strategies (P>0.05). The profit was 3,259 and 3,655 CZK/ha on average and the profit rate 7.9% and 5.6% on average on farms with pastured herds and on farms with confined herds, respectively. A lowering of input costs and a more effective utilisation of grasslands may further enhance profitability.


In this chapter, Haq outlines his optimistic outlook for global world order. For him the end of the Cold War had opened up many more choices for the global community. For the first time global military spending was seen to be declining every year. He saw potential to reallocate ODA aid funds, which were previously tilted in favour of cold war allies. For Haq the challenge is to link economic growth as the means to human development as an objective. He stresses on the need to reform institutions of global governance to translate globalization into opportunities for people.


Author(s):  
Saeed Poormoaied

AbstractInteraction effect across complementary products plays an important role in characterizing the optimal inventory policy. The inventory levels of complementary products are interrelated due to interaction between demand streams. In this paper, we consider a periodic review base-stock policy in the presence of two complementary products with interrelated demands and joint replenishment. Demands are modeled by a Poisson process and any unmet demand is lost. Demands can be in sets of one unit of each or jointly. If an arrival demand requests two products jointly and one of the products is not in stock, then the whole demand is lost. We aim to investigate how this interrelated demand phenomenon influences the optimal base-stock levels and the period length of a periodic review policy. We utilize the renewal reward theorem to derive the explicit expression of the expected profit rate in the system. The goal is to determine the optimal period length and the base-stock levels such that the expected profit rate is maximized. Enumeration and approximation algorithms are employed to find the optimal and near-optimal solutions, respectively. The approximation algorithm is based on a scenario with independent demand processes which results in an explicit expression for the long-run profit per time unit and leads to analytical solutions for optimal policies. Our numerical results reveal that the solutions obtained by the approximation algorithm are close to optimal solutions. Numerical experiences show that the maximum profit in the system is achieved if the proportion of customers with jointly demand increases. Moreover, the interaction effect between demand processes has a significant impact on the control policy performance when the units lost sales and unit holding costs are high, and the demand rare is low.


2021 ◽  
pp. 002234332098082
Author(s):  
Scott Cooper ◽  
Kendall W Stiles

Studies of NATO rely heavily on military spending as a fraction of GDP as the key indicator of members’ contribution to the alliance, but a growing number of scholars have challenged this approach. We suggest that each member’s public goods provision is a better measure of commitment to the alliance. In the case of post-Cold War NATO, out-of-area troop deployments (adjusted for population) constitute one of the strongest indicators of a state’s contribution to public goods. Providing troops for NATO missions in Afghanistan, Kosovo, and Bosnia-Herzegovina is one of the clearest signals of high commitment to the alliance. Using deployment data from 2004 to 2018, we show that there is evidence of disproportionate burden-sharing within the alliance. Countries like Slovenia, Denmark, the USA and UK contributed far more to NATO deployments than others like Turkey, Spain, Poland, and Portugal. We also use the data to begin examining possible causes of these disparities. We find that wealthier countries, countries that spend more on their militaries, and newer alliance members are more likely to contribute. Our indicator and first-cut model open avenues for further research on why some members demonstrate higher commitment to NATO than others.


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