Consumer Optimization Problem Solving
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Consumer Optimization Problem Solving
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Author : Alfred L Norman
language : en
Publisher: World Scientific
Release Date : 2014-12-15
Consumer Optimization Problem Solving written by Alfred L Norman and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-15 with Business & Economics categories.
What algorithms are tractable depends on the speed of the processor. Given the speed of digital computers, polynomial algorithms are considered tractable. But, a human can take several seconds to make one binary comparison between two pens. Given this slow speed, sublinear algorithms are considered tractable for an unaided human and this defines Simon's concept of bounded rationality.Humans make simplifications to solve the intractable consumer optimization problem. Consumers search for goods and services item-by-item, which greatly reduces the number of alternatives to consider. In addition, consumers have operators that can process a set in a single operation. Also, consumers budget by incremental adjustment.In considering consumer performance the question to ask is how close to optimal is consumer performance and not whether consumers optimize as a yes/no question. Given the ordinal nature of utility theory this creates a basic measurement problem. The book presents a review of the literature on consumer performance.This is an opportune time to study consumer procedures because the Internet provides a media to make substantial improvements in consumer performance. The book includes a case study comparing the performance of a digital camera selection code with the advice of sales people. A field experiment demonstrates that the software code provides better advice.
Numerical Methods And Optimization
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Author : Éric Walter
language : en
Publisher: Springer
Release Date : 2014-07-22
Numerical Methods And Optimization written by Éric Walter and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-22 with Technology & Engineering categories.
Initial training in pure and applied sciences tends to present problem-solving as the process of elaborating explicit closed-form solutions from basic principles, and then using these solutions in numerical applications. This approach is only applicable to very limited classes of problems that are simple enough for such closed-form solutions to exist. Unfortunately, most real-life problems are too complex to be amenable to this type of treatment. Numerical Methods – a Consumer Guide presents methods for dealing with them. Shifting the paradigm from formal calculus to numerical computation, the text makes it possible for the reader to · discover how to escape the dictatorship of those particular cases that are simple enough to receive a closed-form solution, and thus gain the ability to solve complex, real-life problems; · understand the principles behind recognized algorithms used in state-of-the-art numerical software; · learn the advantages and limitations of these algorithms, to facilitate the choice of which pre-existing bricks to assemble for solving a given problem; and · acquire methods that allow a critical assessment of numerical results. Numerical Methods – a Consumer Guide will be of interest to engineers and researchers who solve problems numerically with computers or supervise people doing so, and to students of both engineering and applied mathematics.
Entrepreneurship
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Author : Thomas Grebel
language : en
Publisher: Routledge
Release Date : 2005-10-05
Entrepreneurship written by Thomas Grebel and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-10-05 with Business & Economics categories.
The entrepreneur has been neglected over the years in formal economic theorizing. Previously there has been only eclectic theories such as human capital theory and network dynamics which discuss certain perspectives of entrepreneurial behaviour. This insightful book closes this gap in entrepreneurship literature. Inspired by modern physics, author Thomas Grebel brings together an evolutionary methodology, along the way implicating quantum, graph, and percolation theory. Here, Grebel has provided a synthesis of all the main theories of entrepreneurship. Taking an interdisciplinary approach to the subject, this fascinating book opens up new ideas in modelling and the original thinking contained within will be of interest to all those working in the area of business and management as well as those in economics.
Retail Supply Chain Management
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Author : Narendra Agrawal
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-06-29
Retail Supply Chain Management written by Narendra Agrawal and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-29 with Business & Economics categories.
In today's retail environment, characterized by product proliferation, price competition, expectations of service quality, and advances in technology, many organizations are struggling to maintain profitability. Rigorous analytical methods have emerged as the most promising solution to many of these complex problems. Indeed, the retail industry has emerged as a fascinating choice for researchers in the field of supply chain management. In Retail Supply Chain Management, leading researchers provide a detailed review of cutting-edge methodologies that address the complex array of these problems. A critical resource for researchers and practitioners in the field of retailing, chapters in this book focus on three key areas: (1) empirical studies of retail supply chain practices, (2) assortment and inventory planning, and (3) integrating price optimization into retail supply chain decisions.
Informational Society
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Author : Alfred L. Norman
language : en
Publisher: Springer Nature
Release Date : 2025-06-17
Informational Society written by Alfred L. Norman and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-17 with Business & Economics categories.
This book explores the transition into a future economy where human work is largely replaced by automation. As this transition takes place job destruction will outpace job creation resulting in increasing unemployment. The author theorizes that the key challenges in managing this transition will be providing income for the unemployed, reforming a government dominated by the wealthy and corporate interests, and creating new social structures to replace work as a central focus of life. The book begins with a discussion of the concept of bounded rationality and how it influences the pace of technological adoption. The author also discusses how advances in technology—particularly in automation—affect both physical and informational tasks, transforming industries and reducing employment across sectors. Next, the author turns to government, addressing successes and failures in addressing current issues like climate change, immigration, economic inequality, and government capture by the wealthy and corporations. Government reform is essential for managing the social and economic impacts of automation. Positing that the transition period will begin between 2030 and 2050, the author recommends that planning should begin now to implement solutions, including a negative income tax, affordable housing, and a shift towards leisure-based social organization.
Applied Microeconomic Analysis Stata And Solving Problems
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Author : Alexander Shemetev
language : en
Publisher: Alexander A Shemetev
Release Date : 2020-12-28
Applied Microeconomic Analysis Stata And Solving Problems written by Alexander Shemetev and has been published by Alexander A Shemetev this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-12-28 with Business & Economics categories.
This book can be divided into two parts. The first part is about using stata for the applied microeconomic analysis. We will estimate the local beer market in one of the metropolitan areas of the United States of America. The coding, plotting charts, and some derivations are included in this part. The second part is about the solution to the simple problems in microeconomics (please, see the table of content at the end of this book). Simple tasks are devoted to derivations, writing the first-order conditions, optimization problems, and finding the proper solution. I also put there my theorem on how to solve the social planner problem with the use of the matrices and the Cramer's rule. Although both the solution of this problem and the Cramer's rule is not a new thing, the application of the Cramer's rule for solving the problem of distribution in a social planner problem is a new thing. Although those problems are quite simple, they're not trivial. So I hope you will find this book useful.
Problem Solving And Uncertainty Modeling Through Optimization And Soft Computing Applications
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Author : Saxena, Pratiksha
language : en
Publisher: IGI Global
Release Date : 2016-03-01
Problem Solving And Uncertainty Modeling Through Optimization And Soft Computing Applications written by Saxena, Pratiksha and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-01 with Mathematics categories.
Optimization techniques have developed into a modern-day solution for real-world problems in various industries. As a way to improve performance and handle issues of uncertainty, optimization research becomes a topic of special interest across disciplines. Problem Solving and Uncertainty Modeling through Optimization and Soft Computing Applications presents the latest research trends and developments in the area of applied optimization methodologies and soft computing techniques for solving complex problems. Taking a multi-disciplinary approach, this critical publication is an essential reference source for engineers, managers, researchers, and post-graduate students.
Intermediate Microeconomics
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Author : Steve Erfle
language : en
Publisher: SAGE Publications
Release Date : 2017-09-14
Intermediate Microeconomics written by Steve Erfle and has been published by SAGE Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-14 with Business & Economics categories.
The overarching premise of this text is that microeconomics is most effectively learned in an active learning, interactive environment. Students have access to more than 200 Interactive Excel Figures in the online text that allow them to move the graphs using sliders and click boxes. This interactivity helps students understand how graphic elements relate to one another. These files do not require knowledge of Excel. More figures than are typical and many of the figures involve multiple scenarios of the same basic graph. Often the text employs interactive questions that require interpreting these scenarios; questions posed are answered at the bottom of the page. Despite the geometric orientation this text is not light on algebraic analysis. The geometry is backed up by the relevant algebra. More than 500 equations are numbered for easy reference both within and across chapters. And, just like the geometry, the algebra is essentially error-free because it was used to create the graphs. The geometric orientation is perfect for the non-calculus enhanced classroom but the text can be readily used in a calculus-based class because a calculus treatment of the material is provided in appendices and endnotes, and calculus-based problems are included in the Intermediate Microeconomics: An Interactive Approach Workbook.
Proceedings Of The 1979 Academy Of Marketing Science Ams Annual Conference
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Author : Howard S. Gitlow
language : en
Publisher: Springer
Release Date : 2015-05-28
Proceedings Of The 1979 Academy Of Marketing Science Ams Annual Conference written by Howard S. Gitlow and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-28 with Business & Economics categories.
This volume includes the full proceedings from the 1979 Academy of Marketing Science (AMS) Annual Conference held in Miami, Florida. It provides a variety of quality research in the fields of marketing theory and practice in areas such as consumer behaviour, marketing management, marketing education and international marketing, among others. Founded in 1971, the Academy of Marketing Science is an international organization dedicated to promoting timely explorations of phenomena related to the science of marketing in theory, research, and practice. Among its services to members and the community at large, the Academy offers conferences, congresses and symposia that attract delegates from around the world. Presentations from these events are published in this Proceedings series, which offers a comprehensive archive of volumes reflecting the evolution of the field. Volumes deliver cutting-edge research and insights, complimenting the Academy’s flagship journals, the Journal of the Academy of Marketing Science (JAMS) and AMS Review. Volumes are edited by leading scholars and practitioners across a wide range of subject areas in marketing science.
Mathematics For Economics Fourth Edition
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Author : Michael Hoy
language : en
Publisher: MIT Press
Release Date : 2022-03-29
Mathematics For Economics Fourth Edition written by Michael Hoy and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-29 with Business & Economics categories.
An updated edition of a widely used textbook, offering a clear and comprehensive presentation of mathematics for undergraduate economics students. This text offers a clear and comprehensive presentation of the mathematics required to tackle problems in economic analyses, providing not only straightforward exposition of mathematical methods for economics students at the intermediate and advanced undergraduate levels but also a large collection of problem sets. This updated and expanded fourth edition contains numerous worked examples drawn from a range of important areas, including economic theory, environmental economics, financial economics, public economics, industrial organization, and the history of economic thought. These help students develop modeling skills by showing how the same basic mathematical methods can be applied to a variety of interesting and important issues. The five parts of the text cover fundamentals, calculus, linear algebra, optimization, and dynamics. The only prerequisite is high school algebra; the book presents all the mathematics needed for undergraduate economics. New to this edition are “Reader Assignments,” short questions designed to test students’ understanding before they move on to the next concept. The book’s website offers additional material, including more worked examples (as well as examples from the previous edition). Separate solutions manuals for students and instructors are also available.