Efficiency Versus Sustainability In Dynamic Decision Making
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Efficiency Versus Sustainability In Dynamic Decision Making
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Author : Bodo Glaser
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Efficiency Versus Sustainability In Dynamic Decision Making written by Bodo Glaser 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 2012-12-06 with Business & Economics categories.
To all who taught me, and to all who will. Over the past fifteen years the notions of efficiency and sustainability have, more than any others, influenced the academic and public discussion concerning the intertemporal allocation of resources, especially as regards the economics of growth and environment. This treatise formally develops and counterposes these notions by means of the construct of a trajectorial objective, which is here developed, along with its implications, as a natural advance upon the classical scalar objective. In the course of this study it becomes clear that efficiency and sustainability are by no means identical, given that efficiency, on the one hand, is the concept for avoiding wasteful behavior, and sustainability, on the other, is the concept for ensuring that certain critical aspiration levels, which usually reflect the wish for survival, are maintained. Nonetheless, contrary to what may be assumed, these two concepts do not generally yield mutually exclusive solutions; in fact, they can be combined to complement each other in the quest for unimprovable long-term solutions which sustain given and necessary aspiration levels. This treatise develops and analyzes dynamic decision models (DDM) with one trajectorial objective according to the methodology of multi criteria decision making (MCDM). Moreover, introducing the method of distance maximization crucially augments MCDM and proves to be invaluable for DDMs in the case of a nonexistent utopia trajectory as well as in the case of sustainability as objective.
Efficiency Versus Sustainability In Dynamic Decision Making
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Author : Bodo Glaser
language : en
Publisher:
Release Date : 2002-07-23
Efficiency Versus Sustainability In Dynamic Decision Making written by Bodo Glaser and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-07-23 with categories.
Efficiency Versus Sustainability In Dynamic Decision Making
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Author : Bodo Glaser
language : en
Publisher: Springer Science & Business Media
Release Date : 2002-07-23
Efficiency Versus Sustainability In Dynamic Decision Making written by Bodo Glaser 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 2002-07-23 with Business & Economics categories.
This book develops and analyzes dynamic decision models (DDM) with one trajectoral objective according to the methodology of multi-criteria decision making (MCDM). Moreover, DDMs which concomitantly pursue multiple objectives are analyzed, with special emphasis given to hybrid models with scalar and trajectorial objectives as well as models with multiple trajectorial objectives. Introducing the method of distance maximization crucially augments MCDM and proves to be invaluable for DDMs with nonexistent utopia trajectory or with sustainability as objective. The notions of efficiency and sustainability are formally developed and counterposed by means of the construct of trajectorial objective, which is presented here, along with its implications, as a natural advance upon the classical scalar objective.
A Theory Of Supply Chains
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Author : Carlos F. Daganzo
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
A Theory Of Supply Chains written by Carlos F. Daganzo 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 2012-12-06 with Business & Economics categories.
This work was stimulated by a comment made by a former student (Prof. Alan Erera of Georgia Tech) in connection with an inventory stabil ity game he was going to play in one of his logistics classes. This was the well-known "beer-game" that is often played in business schools to illus trate the "bullwhip" effect in supply chains. Al had said to me that he did not have to tell his students how to reorder replacement parts from the other members of the supply chain because he knew from experience that the order sizes the players would generate as the game progressed would become chaotic anyhow. Since I had not played the beer game, his asser tion was intriguing to me. Why would such an unstructured game always lead to the same undesirable effect? Did it have something to do with psy chology? What is it that players did to generate instabilities? I posed these to other people but could not get completely satisfactory an questions swers. Thus, the bullwhip mystery remained, at least in my mind. Since inventory chains are "conservative" systems analogous to a traffic stream, and since traffic flow models exhibit similar effects (the instability of automobile platoons and of certain numerical methods being two nota ble examples)' I suspected that traffic flow theory might shed some light on the puzzle.
Capacity Reservation For Capital Intensive Technologies
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Author : Stefan Spinler
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Capacity Reservation For Capital Intensive Technologies written by Stefan Spinler 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 2012-12-06 with Business & Economics categories.
Arguably the central problem in operations research and management science (OR/MS) addressed by e-Business is better coordination of supply and de mand, including price discovery and reduction of transactions costs of buyer seller interactions. In capital-intensive industries like chemicals and steel, the out-of-pocket costs of excess capacity and the opportunity costs of underuti lized capacity have been important factors driving the growth of exchanges for improving demand and supply coordination through e-Business platforms. Stefan Spinler addresses in his dissertation one of the most interesting aspects of this evolution for OR/MS, the parallel development of long-term and short-term markets for capacity and output, accompanied by a range of exotic options and forwards as the basic mechanisms supporting transac tions. This is a fascinating research topic because it builds on the powerful framework of real options, while connecting directly to key operations deci sions (capacity planning, staffing, maintenance, and so forth) of the plants and technologies whose output is the focus of contracts. From the perspec tive of practice, the use of these contracting mechanisms, as facilitated by a new breed of B2B exchanges, represents an opportunity for further improving supply chain performance and capital asset productivity.
Corporate Finance Innovation And Strategic Competition
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Author : Cornelia Neff
language : en
Publisher: Springer Science & Business Media
Release Date : 2002-11-13
Corporate Finance Innovation And Strategic Competition written by Cornelia Neff 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 2002-11-13 with Business & Economics categories.
This book analyzes how corporate finance decisions influence strategic competition and innovation of firms in the product market. We consider bank loan financing and venture capital financing. Due to assymetric information, firms must sign special contracts with banks or venture capitalists. The financial contracts, in turn, determine the competitive strategies of firms in the product market. Firms compete in prices for market shares. In addition to that, firms invest in R&D in order to induce product or process innovation. We show that better access to financial resources improves a firm's market position and leads to a higher rate of innovation. Cash-rich firms may even decide to prey upon financially restricted rivals in order to prevent new market entry or to induce market exit. TOC:Introduction.- Financial Structure and Strategic Competition.- Credit Financing and Strategic Competition.- Venture Capital Financing and Strategic Competition.- Conclusion.
Complex Systems Approach To Economic Dynamics
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Author : Abraham C.-L. Chian
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-08-17
Complex Systems Approach To Economic Dynamics written by Abraham C.-L. Chian 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 2007-08-17 with Business & Economics categories.
Statistical analysis of stock markets and foreign exchange markets has demonstrated the intermittent nature of economic time series. A nonlinear model of business cycles is able to simulate intermittency arising from order-chaos and chaos-chaos transitions. This monograph introduces new concepts of unstable periodic orbits and chaotic saddles, which are unstable structures embedded in a chaotic attractor and responsible for economic intermittency.
Analysis Controllability And Optimization Of Time Discrete Systems And Dynamical Games
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Author : Werner Krabs
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Analysis Controllability And Optimization Of Time Discrete Systems And Dynamical Games written by Werner Krabs 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 2012-12-06 with Business & Economics categories.
J. P. La Salle has developed in [20] a stability theory for systems of difference equations (see also [8]) which we introduce in the first chapter within the framework of metric spaces. The stability theory for such systems can also be found in [13] in a slightly modified form. We start with autonomous systems in the first section of chapter 1. After theoretical preparations we examine the localization of limit sets with the aid of Lyapunov Functions. Applying these Lyapunov Functions we can develop a stability theory for autonomous systems. If we linearize a non-linear system at a fixed point we are able to develop a stability theory for fixed points which makes use of the Frechet derivative at the fixed point. The next subsection deals with general linear systems for which we intro duce a new concept of stability and asymptotic stability that we adopt from [18]. Applications to various fields illustrate these results. We start with the classical predator-prey-model as being developed and investigated by Volterra which is based on a 2 x 2-system of first order differential equations for the densities of the prey and predator population, respectively. This model has also been investigated in [13] with respect to stability of its equilibrium via a Lyapunov function. Here we consider the discrete version of the model.
Unemployment Market Structure And Growth
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Author : Rüdiger Wapler
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Unemployment Market Structure And Growth written by Rüdiger Wapler 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 2012-12-06 with Business & Economics categories.
In his Ph. D. thesis, Rudiger Wapler analyses the causes of the persistently high unemployment rates especially in continental Europe. Particular emphasis is placed on imperfect labour and product markets on the one hand, and on the numerous links between unemployment, innovations and growth on the other. Hence, Rudiger Wapler provides an important contribution towards a better understanding of both the development of labour markets as well as the dynamics of growth. To aid readers with only little prior knowledge of labour markets, the book presents the most common theories of unemployment: (1) trade-union models in which union bargaining power leads to wages above their market-clearing level, (2) efficiency-wage models in which employers voluntarily pay higher wages in order to motivate or discipline their workers or to reduce the job turnover rate, as well as (3) matching models in which unemployment is caused by the continuous turnover of jobs and workers. In addition, emphasis is placed on the fact that labour needs to be treated as heterogeneous, a fact often neg lected in the literature. Subsequently, these labour-market foundations are integrated with modern theories of innovations and growth, making the ap proach much more relevant and plausible. Without doubt, the generalisations of the models performed by Rudiger Wapler show that there are limits to such formal analysis. Due to the increasing number of interdependencies, it is doubtful whether even more complex models provide additional (usable) insights.
Healthcare And The Effect Of Technology Developments Challenges And Advancements
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Author : Kabene, Stfane M.
language : en
Publisher: IGI Global
Release Date : 2010-03-31
Healthcare And The Effect Of Technology Developments Challenges And Advancements written by Kabene, Stfane M. and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-31 with Computers categories.
"This book examines current developments and challenges in the incorporation of ICT in the health system from the vantage point of patients, providers, and researchers. The authors take an objective, realistic view of the shift that will result for patients, providers, and the healthcare industry in general from the increased use of eHealth services"--Provided by publisher.