Combining standardized time series area and Cramér–von Mises variance estimators

We propose three related estimators for the variance parameter arising from a steady‐state simulation process. All are based on combinations of standardized‐time‐series area and Cramér–von Mises (CvM) estimators. The first is a straightforward linear combination of the area and CvM estimators; the second resembles a Durbin–Watson statistic; and the third is related to a jackknifed version of the first. The main derivations yield analytical expressions for the bias and variance of the new estimators. These results show that the new estimators often perform better than the pure area, pure CvM, and benchmark nonoverlapping and overlapping batch means estimators, especially in terms of variance and mean squared error. We also give exact and Monte Carlo examples illustrating our findings.© 2007 Wiley Periodicals, Inc. Naval Research Logistics, 2007     

Technical note: Worst‐case performance of power‐of‐two policies for serial inventory systems with incremental quantity discounts

This study presents power‐of‐two policies for a serial inventory system with constant demand rate and incremental quantity discounts at the most upstream stage. It is shown that an optimal solution is nested and follows a zero‐inventory ordering policy. To prove the effectiveness of power‐of‐two policies, a lower bound on the optimal cost is obtained. A policy that has a cost within 6% of the lower bound is developed for a fixed base planning period. For a variable base planning period, a 98% effective policy is provided. An extension is included for a system with price dependent holding costs. © 2007 Wiley Periodicals, Inc. Naval Research Logistics, 2007     

Landmarks in defense literature

A Study of War by Quincy Wright, Second edition. Chicago: University of Chicago Press, 1965, 1,637 pp.     

Book reviews

Use of Force: The Practise of States by A. Mark Weisburd, Penn: Penn State Press, University Park, 1997, ISBN 0-271-01679-5 (hbk), $65.00/£58.00, ISBN 0-271-01680-9 (pbk), $25.00/£22.50

Late Breaking Foreign Policy: the News Media's Influence on Peace Operations by Warren P. Strobel, Washington DC: United States Insititute of Peace Press, 1997, ISBN 1-878379-68-2 (hbk), £23.25, ISBN 1-878379-67-4 (pbk)

The Reluctant Sheriff: The United States After the Cold War by Richard N. Haass, New York: Council on Foreign Relations, 1997, 148pp, index, ISBN 0-87609-201-6 (hbk), $24.95

The UN, Peace and Force edited by Michael Pugh, London: Frank Cass, 1997, ISBN 0-7146-4795-4 (hbk), £29.50, ISBN 0-7146-4320-3 (pbk), £15.00

Confidence-Building in South East Asia by Malcolm Chalmers, Oxford: Westview Press, 1996, ISBN 1-85143-116-0 (pbk), £19.95

Britain's Strategic Nuclear Deterrent: From Before the V-Bomber to Beyond Trident by Robert H. Paterson, London: Frank Cass, 1997, ISBN 0-7146470-3 (hbk), £35.00, ISBN 0-7146-4297-5 (pbk) £18.00

OSS in China: Prelude to Cold War by Maochun Yu, London: Yale University Press, 1997, ISBN 0 300 06698-8 (hbk), £25.00

Preventing Violent Conflicts: A Strategy for Preventive Diplomacy by Michael S. Lund, Washington DC: US Institute of Peace Press, 1996, ISBN 1-878379-52-6 (pbk), £11.75