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:
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 : 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.
Equity And Efficiency Considerations Of Public Higher Education
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Author : Salvatore Barbaro
language : en
Publisher: Springer Science & Business Media
Release Date : 2005-12-16
Equity And Efficiency Considerations Of Public Higher Education written by Salvatore Barbaro 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 2005-12-16 with Business & Economics categories.
It has become part of the conventional wisdom in the economics of education that subsidies to higher education have a regressive distributional effect. Given that relatively more children from wealthier families enroll in higher education, many economist assume that these subsidies to higher education have an unwanted distributional impact. This volume presents new empirical evidence for the cross-sectional point of view and provides an analytical framework for the longitudinal perspective. The present volume also analyzes the equity and efficiency effects of widely-discussed funding reforms and proposes a voluntary graduate tax.
Topics In Dynamic Model Analysis
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Author : Mario Faliva
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-01-20
Topics In Dynamic Model Analysis written by Mario Faliva 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 2006-01-20 with Business & Economics categories.
Classical econometrics - which plunges its roots in economic theory with simultaneous equations models (SEM) as offshoots - and time series econometrics - which stems from economic data with vector autoregr- sive (VAR) models as offsprings - scour, like the Janus's facing heads, the flowing of economic variables so as to bring to the fore their autonomous and non-autonomous dynamics. It is up to the so-called final form of a dy namic SEM, on the one hand, and to the so-called representation theorems of (unit-root) VAR models, on the other, to provide informative closed form expressions for the trajectories, or time paths, of the economic vari ables of interest. Should we look at the issues just put forward from a mathematical standpoint, the emblematic models of both classical and time series econometrics would turn out to be difference equation systems with ad hoc characteristics, whose solutions are attained via a final form or a represen tation theorem approach. The final form solution - algebraic technicalities apart - arises in the wake of classical difference equation theory, display ing besides a transitory autonomous component, an exogenous one along with a stochastic nuisance term. This follows from a properly defined ma trix function inversion admitting a Taylor expansion in the lag operator be cause of the assumptions regarding the roots of a determinant equation pe culiar to SEM specifications.
Nonlinear Dynamics And Heterogeneous Interacting Agents
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Author : Thomas Lux
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-06-06
Nonlinear Dynamics And Heterogeneous Interacting Agents written by Thomas Lux 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 2006-06-06 with Business & Economics categories.
Economic application of nonlinear dynamics, microscopic agent-based modelling, and the use of artificial intelligence techniques as learning devices of boundedly rational actors are among the most exciting interdisciplinary ventures of economic theory over the past decade. This volume provides us with a most fascinating series of examples on "complexity in action" exemplifying the scope and explanatory power of these innovative approaches.
Artificial Markets Modeling
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Author : Andrea Consiglio
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-08-16
Artificial Markets Modeling written by Andrea Consiglio 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 2007-08-16 with Business & Economics categories.
This volume features contributions to agent-based computational modeling from the social sciences and computer sciences. It presents applications of methodologies and tools, focusing on the uses, requirements, and constraints of agent-based models used by social scientists. Topics include agent-based macroeconomics, the emergence of norms and conventions, the dynamics of social and economic networks, and behavioral models in financial markets.
Agent Based Modeling
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Author : Norman Ehrentreich
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-10-25
Agent Based Modeling written by Norman Ehrentreich 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 2007-10-25 with Business & Economics categories.
This book reconciles the existence of technical trading with the Efficient Market Hypothesis. By analyzing a well-known agent-based model, the Santa Fe Institute Artificial Stock Market (SFI-ASM), it finds that when selective forces are weak, financial evolution cannot guarantee that only the fittest trading rules will survive. Its main contribution lies in the application of standard results from population genetics which have widely been neglected in the agent-based community.
Time Continuity In Discrete Time Models
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Author : Christopher Suerie
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-01-17
Time Continuity In Discrete Time Models written by Christopher Suerie 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 2006-01-17 with Technology & Engineering categories.
Production planning problems containing special characteristics from process industries are addressed in this book. The main subject is the development of mathematical programming models that allow to model production plans which are not disrupted by discretization of time. However, discrete time models are used as a basis and are subsequently enhanced to include aspects of time continuity. Their integration is achieved by different building blocks which may be combined freely according to the specific planning situation at hand. The primary area of application of these kinds of models are process industries.
Computer Aided Systems In Public Transport
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Author : Mark Hickman
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-01-23
Computer Aided Systems In Public Transport written by Mark Hickman 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 2008-01-23 with Technology & Engineering categories.
This volume consists of selected papers presented at the Ninth International Conference on Computer-Aided Scheduling of Public Transport. Coverage includes the use of computer-aided methods and operations research techniques to improve: information management; network and route planning; vehicle and crew scheduling and rostering; vehicle monitoring and management; and practical experience with scheduling and public transport planning methods.
Partner Choice And Cooperation In Networks
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Author : Aljaž Ule
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-01-10
Partner Choice And Cooperation In Networks written by Aljaž Ule 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 2008-01-10 with Psychology categories.
In this book, a social dilemma with partner selection is introduced and studied with the methods of formal game theory, experimental economics and computer simulations. It allows exploration of simultaneous dynamics of the network structure and cooperative behavior on this structure. The results of this study show that partner choice strongly facilitates cooperation and leads to networks where free-riders are likely to be excluded.