Lecture Notes in Economics and Mathematical Systems – serie

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647 produkter

Del 316 - Lecture Notes in Economics and Mathematical Systems
Generalized Fechner-Thurstone Direct Utility Function and Some of its Uses
AvR.L. Basmann,D.J. Slottjem. fl.
Häftad, Engelska, 1988
562 kr
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In this book the foundations and applicability of the Generalized Fechner-Thurstone Utility Function are laid out. It is shown how by removing the constraint of fixed preferences in the neoclassical consumer theory, utility theory can be used to develop non-parametric indices along with elasticities of the marginal rates of substitutions. It is also shown that whereas the existence of a fixed preference utility function is not always guaranteed for different demand functions, there will always exist at least one Generalized Fechner-Thurstone Direct Utility Function. Furthermore, analysis using the Fechner-Thurstone Direct Utility Function is clear and simple and does not rely on ad hoc Taylor expansions. The construction of different true-cost-of-living indices, the comparison of North American consumers, and a habit formation model are developed to show the usefulness of the Generalized Fechner-Thurstone Direct Utility Function.
Del 322 - Lecture Notes in Economics and Mathematical Systems
Rational Expectations Equilibrium Inventory Model
Theory and Applications
AvTryphon Kollintzas
Häftad, Engelska, 1989
546 kr
Skickas inom 10-15 vardagar
This volume consists of six essays that develop and/or apply "rational expectations equilibrium inventory models" to study the time series behavior of production, sales, prices, and inventories at the industry level. By "rational expectations equilibrium inventory model" I mean the extension of the inventory model of Holt, Modigliani, Muth, and Simon (1960) to account for: (i) discounting, (ii) infinite horizon planning, (iii) observed and unobserved by the "econometrician" stochastic shocks in the production, factor adjustment, storage, and backorders management processes of firms, as well as in the demand they face for their products; and (iv) rational expectations. As is well known according to the Holt et al. model firms hold inventories in order to: (a) smooth production, (b) smooth production changes, and (c) avoid stockouts. Following the work of Zabel (1972), Maccini (1976), Reagan (1982), and Reagan and Weitzman (1982), Blinder (1982) laid the foundations of the rational expectations equilibrium inventory model. To the three reasons for holding inventories in the model of Holt et al. was added (d) optimal pricing. Moreover, the popular "accelerator" or "partial adjustment" inventory behavior equation of Lovell (1961) received its microfoundations and thus overcame the "Lucas critique of econometric modelling.
Del 332 - Lecture Notes in Economics and Mathematical Systems
Cost Analysis Applications of Economics and Operations Research
Proceedings of the Institute of Cost Analysis National Conference, Washington, D.C., July 5–7, 1989
AvInstitute Of Cost Analysis,Thomas R. Jr. Gulledgem. fl.
Häftad, Engelska, 1989
562 kr
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Cost Analysis is an emerging sub-discipline of Economics and Operations Research. This is the first collection of readings that spans the discipline. The contributions are both theoretical and applications oriented. This book is directed to researchers in Economics, Operations Research, Industrial Engineering, and Managerial Accounting. In particular, the book provides an overview of the types of problems that are of interest to cost researchers. These papers are a subset of the papers that were presented at the 1989 Joint National Meeting of the Institute of Cost Analysis and the National Estimating Society in Washington, D.C.
Del 338 - Lecture Notes in Economics and Mathematical Systems
DECOMP: an Implementation of Dantzig-Wolfe Decomposition for Linear Programming
AvJames K. Ho,Rangaraja P. Sundarraj
Häftad, Engelska, 1989
562 kr
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For linear optimization models that can be formulated as linear programs with the block-angular structure, i.e. independent subproblems with coupling constraints, the Dantzig-Wolfe decomposition principle provides an elegant framework of solution algorithms as well as economic interpretation. This monograph is the complete documentation of DECOMP: a robust implementation of the Dantzig-Wolfe decomposition method in FORTRAN. The code can serve as a very convenient starting point for further investigation, both computational and economic, of parallelism in large-scale systems. It can also be used as supplemental material in a second course in linear programming, computational mathematical programming, or large-scale systems.
Del 690 - Lecture Notes in Economics and Mathematical Systems
Pairwise Comparisons Method
Theory and Applications in Decision Making
AvJaroslav Ramík
Häftad, Engelska, 2020
869 kr
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This book examines relationships between pairwise comparisons matrices. It first provides an overview of the latest theories of pairwise comparisons in decision making, discussing the pairwise comparison matrix, a fundamental tool for further investigation, as a deterministic matrix with given elements. Subsequent chapters then investigate these matrices under uncertainty, as a matrix with vague elements (fuzzy and/or intuitionistic fuzzy ones), and also as random elements. The second part of the book describes the application of the theoretical results in the three most popular multicriteria decision-making methods: the Analytic Hierarchy Process (AHP), PROMETHEE and TOPSIS. This book appeals to scholars in areas such as decision theory, operations research, optimization theory, algebra, interval analysis and fuzzy sets.
Del 691 - Lecture Notes in Economics and Mathematical Systems
Affective Decision Making Under Uncertainty
Risk, Ambiguity and Black Swans
AvDonald J. Brown
Häftad, Engelska, 2020
869 kr
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This book is an exploration of the ubiquity of ambiguity in decision-making under uncertainty. It presents various essays on behavioral economics and behavioral finance that draw on the theory of Black Swans (Taleb 2010), which argues for a distinction between unprecedented events in our past and unpredictable events in our future. The defining property of Black Swan random events is that they are unpredictable, i.e., highly unlikely random events. In this text, Mandelbrot’s (1972) operational definition of risky random unpredictable events is extended to Black Swan assets – assets for which the cumulative probability distribution or conditional probability distribution of random future asset returns is a power distribution. Ambiguous assets are assets for which the uncertainties of future returns are not risks. Consequently, there are two disjoint classes of Black Swan assets: Risky Black Swan assets and Ambiguous Black Swan assets, a new class of ambiguous assets withunpredictable random future outcomes.The text is divided into two parts, the first of which focuses on affective moods, introduces affective utility functions and discusses the ambiguity of Black Swans. The second part, which shifts the spotlight to affective equilibrium in asset markets, features chapters on affective portfolio analysis and Walrasian and Gorman Polar Form Equilibrium Inequalities. In order to gain the most from the book, readers should have completed the standard introductory graduate courses on microeconomics, behavioral finance, and convex optimization. The book is intended for advanced undergraduates, graduate students and post docs specializing in economic theory, experimental economics, finance, mathematics, computer science or data analysis.
Del 693 - Lecture Notes in Economics and Mathematical Systems
Intertemporal and Strategic Modelling in Economics
Dynamics and Games for Economic Analysis
AvOrlando Gomes
Häftad, Engelska, 2022
895 kr
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This textbook introduces readers to essential tools, techniques and methods for intertemporal and strategic modeling in economics. It presents a variety of analytical models covering both dynamic processes and strategic interaction. Students will learn the basic mechanisms associated with the intertemporal approach, on the one hand, and game theory, i.e., the strategic approach, on the other. In addition, a wide range of applications are explored, including growth models, labor markets, international trade, and individual decision-making. Intended for upper undergraduate and graduate students in economics and related fields with a background in mathematics and calculus, this textbook provides a comprehensive introduction to economic modeling and its applications. By avoiding excessive formalism and exploring straightforward examples and applications, it is optimally suited for graduate courses in economics and finance.
Del 692 - Lecture Notes in Economics and Mathematical Systems
Advanced Mathematical Methods for Economic Efficiency Analysis
Theory and Empirical Applications
AvPedro Macedo,Victor Moutinhom. fl.
Häftad, Engelska, 2023
1 300 kr
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Economic efficiency analysis has received considerable worldwide attention in the last few decades, with Stochastic Frontier Analysis (SFA) and Data Envelopment Analysis (DEA) establishing themselves as the two dominant approaches in the literature. This book, by combining cutting-edge theoretical research on DEA and SFA with attractive real-world applications, offers a valuable asset for professors, students, researchers, and professionals working in all branches of economic efficiency analysis, as well as those concerned with the corresponding economic policies.The book is divided into three parts, the first of which is devoted to basic concepts, making the content self-contained. The second is devoted to DEA, and the third to SFA. The topics covered in Part 2 range from stochastic DEA to multidirectional dynamic inefficiency analysis, including directional distance functions, the elimination and choice translating algorithm, benefit-of-the-doubt composite indicators,and internal benchmarking for efficiency evaluations. Part 3 also includes exciting and cutting-edge theoretical research on e.g. robustness, nonparametric stochastic frontier models, hierarchical panel data models, and estimation methods like corrected ordinary least squares and maximum entropy.
Del 694 - Lecture Notes in Economics and Mathematical Systems
Dial-A-Ride Problems in Transportation Service
AvJonathan Grimm
Häftad, Engelska, 2025
1 192 kr
Skickas inom 5-8 vardagar
Although the dial-a-ride problem currently plays a crucial role in providing transportation services to specific demographics such as the elderly, those with serious illnesses, or individuals with limited mobility due to disabilities, its potential impact on the overall mobility of the population remains underexplored. Surprisingly, the focus is often narrow, leaving potentials untapped and negatively impacting service providers’ profitability. This book proposes several solutions, including strategies for increasing revenue, offering supplementary services, and fostering collaboration. Further, it presents ideas and approaches that address the corresponding problems using operations research methods. The proposals presented here can be used not only to enhance the economic viability of dial-a-ride systems but also boost their impact and visibility. As such, the book shares fundamental insights into solving the dial-a-ride problem and anticipates future trends, leading the way to new frontiers of research.The book offers a valuable resource for academics and professionals engaged in the field of transportation or those interested in the design and development of advanced mathematical programming techniques.
Del 697 - Lecture Notes in Economics and Mathematical Systems
Heterogeneous Agents in Asset Pricing, Vol 1
Foundations
AvHamilton Galindo Gil
Häftad, Engelska
1 581 kr
Kommande
This textbook provides a comprehensive foundation for developing asset-pricing models with heterogeneous investors. Volume I in a two-volume set, this book covers topics such as stochastic calculus, dynamic programming, representative agent models, and a numerical method (finite difference) for solving them. The book takes a step-by-step approach, carefully show the underlying object of the models and the implementation of the finite difference method and Upwind scheme to solve dynamic programming problems in asset pricing. Where appropriate, chapters include MATLAB code for ease of replication. This book will be of interest to advanced undergraduate and graduate students of finance, economics, mathematics, and statistics.
Del 697 - Lecture Notes in Economics and Mathematical Systems
Heterogeneous Agents in Asset Pricing, Vol 1
Foundations
AvHamilton Galindo Gil
Häftad, Engelska, 2026
784 kr
Skickas inom 10-15 vardagar
This textbook provides a comprehensive foundation for developing asset-pricing models with heterogeneous investors. Volume I in a two-volume set, this book covers topics such as stochastic calculus, dynamic programming, representative agent models, and a numerical method (finite difference) for solving them. The book takes a step-by-step approach, carefully show the underlying object of the models and the implementation of the finite difference method and Upwind scheme to solve dynamic programming problems in asset pricing. Where appropriate, chapters include MATLAB code for ease of replication. This book will be of interest to advanced undergraduate and graduate students of finance, economics, mathematics, and statistics.
Del 670 - Lecture Notes in Economics and Mathematical Systems
Time and Money
How Long and How Much Money is Needed to Regulate a Viable Economy
AvJean-Pierre Aubin
Häftad, Engelska, 2013
546 kr
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This authored monograph presents an unconventional approach to an important topic in economic theory. The author is an expert in the field of viability theory and applies this theory to analyze how an economy should be dynamically endowed so that it is economically viable. Economic viability requires an assumption on the joint evolution of transactions, fluctuations of prices and units of numeraire goods: the sum of the “transactions values” and the “impact of price fluctuations” should be negative or equal to zero. The book presents a computation of the minimum endowment which restores economic viability and derives the dynamic laws that regulate both transactions and price fluctuations.The target audience primarily comprises open-minded and mathematically interested economists but the book may also be beneficial for graduate students.
Del 671 - Lecture Notes in Economics and Mathematical Systems
Capacity and Inventory Planning for Make-to-Order Production Systems
The Impact of a Customer Required Lead Time Distribution
AvKlaus Altendorfer
Häftad, Engelska, 2013
618 kr
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The book presents different models for the simultaneous optimization problem of capacity investment and work release rule parameterization. The overall costs are minimized either including backorder costs or considering a service level constraint. The available literature is extended with the integration of a distributed customer required lead time in addition to the actual demand distribution. Furthermore, an endogenous production lead time is introduced. Different models for make-to-order production systems with one or multiple serial processing stages are developed. Capacity investment is linked to the processing rates of the machines or to the number of the machines. Results are equations for service level, tardiness, and FGI lead time in such a production system. For special cases with M/M/1 and M/M/s queues explicit solutions of the optimization problems or optimality conditions concerning capacity investment and work release rule parameterization are provided.
Del 669 - Lecture Notes in Economics and Mathematical Systems
Artificial Economics and Self Organization
Agent-Based Approaches to Economics and Social Systems
AvStephan Leitner,Friederike Wall
Häftad, Engelska, 2013
562 kr
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This volume presents recent advances in the dynamic field of Artificial Economics and its various applications. Artificial Economics provides a structured approach to model and investigate economic and social systems. In particular, this approach is based on the use of agent-based simulations and further computational techniques. The main aim is to analyze the outcomes at the overall systems’ level as results from the agents’ behavior at the micro-level. These emergent characteristics of complex economic and social systems can neither be foreseen nor are they intended. The emergence rather makes these systems function. Artificial Economics especially facilitates the investigation of this emergent systems’ behavior.
Del 675 - Lecture Notes in Economics and Mathematical Systems
Decision Making and Knowledge Decision Support Systems
VIII International Conference of RACEF, Barcelona, Spain, November 2013 and International Conference MS 2013, Chania Crete, Greece, November 2013
AvAnna Maria Gil-Lafuente,Constantin Zopounidis
Häftad, Engelska, 2014
562 kr
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This book presents recent advancements of research, new methods and techniques, applications and projects in decision making and decision support systems. It explores expert systems and neural networks, knowledge engineering and management, fuzzy sets and systems and computational methods for optimization, data analysis and decision making. It presents applications in Economics, Finance, Management and Engineering. The book undertakes to stimulate scientific exchange, ideas and experiences in the field of decision making in Economy and Management. Researchers and practitioners alike will benefit from this book, when they are dealing with imprecision, vagueness and uncertainty in the context of decision making.
Del 674 - Lecture Notes in Economics and Mathematical Systems
Optimizing Hospital-wide Patient Scheduling
Early Classification of Diagnosis-related Groups Through Machine Learning
AvDaniel Gartner
Häftad, Engelska, 2015
562 kr
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Diagnosis-related groups (DRGs) are used in hospitals for the reimbursement of inpatient services. The assignment of a patient to a DRG can be distinguished into billing- and operations-driven DRG classification. The topic of this monograph is operations-driven DRG classification, in which DRGs of inpatients are employed to improve contribution margin-based patient scheduling decisions. In the first part, attribute selection and classification techniques are evaluated in order to increase early DRG classification accuracy. Employing mathematical programming, the hospital-wide flow of elective patients is modelled taking into account DRGs, clinical pathways and scarce hospital resources. The results of the early DRG classification part reveal that a small set of attributes is sufficient in order to substantially improve DRG classification accuracy as compared to the current approach of many hospitals. Moreover, the results of the patient scheduling part reveal that the contribution margin can be increased as compared to current practice.
Del 673 - Lecture Notes in Economics and Mathematical Systems
Dynamic and Stochastic Multi-Project Planning
AvPhilipp Melchiors
Häftad, Engelska, 2015
546 kr
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This book deals with dynamic and stochastic methods for multi-project planning. Based on the idea of using queueing networks for the analysis of dynamic-stochastic multi-project environments this book addresses two problems: detailed scheduling of project activities, and integrated order acceptance and capacity planning. In an extensive simulation study, the book thoroughly investigates existing scheduling policies. To obtain optimal and near optimal scheduling policies new models and algorithms are proposed based on the theory of Markov decision processes and Approximate Dynamic programming. Then the book presents a new model for the effective computation of optimal policies based on a Markov decision process. Finally, the book provides insights into the structure of optimal policies.
Del 672 - Lecture Notes in Economics and Mathematical Systems
Balanced and Cyclical Growth in Models of Decentralized Economy
AvAlexander P. Abramov
Häftad, Engelska, 2014
546 kr
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This book is devoted to the study of dynamical models of decentralized economic systems. The models considered are based on the Leontief simple dynamic model with various mechanisms for decentralized planning and management. Branches of the economic system are treated as fully independent economic agents that plan their work according to their own purposes. It is shown that the lack of coordination between economic agents leads to a limit cycle for some economic indicators. Conversely, the exchange of information between the economic agents enables a move toward balanced growth. These results are generalized for the model with dynamics of the productive assets and for the model with the final consumption. The analysis also considers a problem of endogenous technological progress in a decentralized economy. The appendix includes a short review of non-negative matrices. The book offers a valuable resource for mathematical economists and graduate students specializing in mathematical economics.
Del 677 - Lecture Notes in Economics and Mathematical Systems
Decision Making and Optimization
Special Matrices and Their Applications in Economics and Management
AvMartin Gavalec,Jaroslav Ramíkm. fl.
Häftad, Engelska, 2014
546 kr
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The book is a benefit for graduate and postgraduate students in the areas of operations research, decision theory, optimization theory, linear algebra, interval analysis and fuzzy sets. The book will also be useful for the researchers in the respective areas. The first part of the book deals with decision making problems and procedures that have been established to combine opinions about alternatives related to different points of view. Procedures based on pairwise comparisons are thoroughly investigated. In the second part we investigate optimization problems where objective functions and constraints are characterized by extremal operators such as maximum, minimum or various triangular norms (t-norms). Matrices in max-min algebra are useful in applications such as automata theory, design of switching circuits, logic of binary relations, medical diagnosis, Markov chains, social choice, models of organizations, information systems, political systems and clustering. The input data in real problems are usually not exact and can be characterized by interval values.
Del 676 - Lecture Notes in Economics and Mathematical Systems
Advances in Artificial Economics
AvFrédéric Amblard,Francisco J. Miguelm. fl.
Häftad, Engelska, 2014
1 085 kr
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The book presents a peer-reviewed collection of papers presented during the 10th issue of the Artificial Economics conference, addressing a variety of issues related to macroeconomics, industrial organization, networks, management and finance, as well as purely methodological issues. The field of artificial economics covers a broad range of methodologies relying on computer simulations in order to model and study the complexity of economic and social phenomena. The grounding principle of artificial economics is the analysis of aggregate properties of simulated systems populated by interacting adaptive agents that are equipped with heterogeneous individual behavioral rules. These macroscopic properties are neither foreseen nor intended by the artificial agents but generated collectively by them. They are emerging characteristics of such artificially simulated systems.
Del 678 - Lecture Notes in Economics and Mathematical Systems
Fairness in Academic Course Timetabling
AvMoritz Mühlenthaler
Häftad, Engelska, 2015
546 kr
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This monograph deals with theoretical and practical aspects of creating course timetables at academic institutions. The task is typically to create a timetable that suits the requirements of the stakeholders – students, lecturers, and the administration – as well as possible. The book presents an exposition of the basic combinatorial problems and solution methods for course timetabling and related tasks. It provides a rigorous treatment of fairness issues that arise in the course timetabling context and shows how to deal with the potentially conflicting interests of the stakeholders. The proposed methods are also readily applicable to other classes of scheduling problems such as staff rostering. Finally, it presents a comprehensive case study on the implementation of an automated course timetabling system at the school of engineering of the University of Erlangen-Nuremberg. The case study includes a detailed description of the problem model as well as an evaluation of stakeholder satisfaction.
Del 679 - Lecture Notes in Economics and Mathematical Systems
Income Modeling and Balancing
A Rigorous Treatment of Distribution Patterns
AvThomas Kämpke,Franz Josef Radermacher
Häftad, Engelska, 2015
546 kr
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This book presents a rigorous treatment of the mathematical instruments available for dealing with income distributions, in particular Lorenz curves and related methods. The methods examined allow us to analyze, compare and modify such distributions from an economic and social perspective. Though balanced income distributions are key to peaceful coexistence within and between nations, it is often difficult to identify the right kind of balance needed, because there is an interesting interaction with innovation and economic growth. The issue of justice, as discussed in Thomas Piketty’s bestseller “Capital in the Twenty-First Century” or in the important book “The Price of Inequality” by Nobel laureate Joseph Stiglitz, is also touched on. Further, there is a close connection to the issue of democracy in the context of globalization. One highlight of the book is its rigorous treatment of the so-called Atkinson theorem and some extensions, which help to explain under which type of societal utility functions nations tend to operate either in the direction of more balance or less balance. Finally, there are some completely new insights into changing the balance pattern of societies and the kind of coalitions between richer and poorer parts of society to organize political support in democracies in either case. Oxford University's Sir Tony Atkinson, well known for his so-called Atkinson theorem, writes in his foreword to the book: “[The authors] contribute directly to the recent debates that are going on in politics. […] with this book the foundation of arguments concerning a proper balance in income distribution in the sense of identifying an ‘efficient inequality range’ has got an additional push from mathematics, which I appreciate very much.”
Del 680 - Lecture Notes in Economics and Mathematical Systems
Retail Analytics
Integrated Forecasting and Inventory Management for Perishable Products in Retailing
AvAnna-Lena Sachs
Häftad, Engelska, 2014
1 006 kr
Skickas inom 10-15 vardagar
This book addresses the challenging task of demand forecasting and inventory management in retailing. It analyzes how information from point-of-sale scanner systems can be used to improve inventory decisions, and develops a data-driven approach that integrates demand forecasting and inventory management for perishable products, while taking unobservable lost sales and substitution into account in out-of-stock situations. Using linear programming, a new inventory function that reflects the causal relationship between demand and external factors such as price and weather is proposed. The book subsequently demonstrates the benefits of this new approach in numerical studies that utilize real data collected at a large European retail chain. Furthermore, the book derives an optimal inventory policy for a multi-product setting in which the decision-maker faces an aggregated service level target, and analyzes whether the decision-maker is subject to behavioral biases based on real data forbakery products.
Del 682 - Lecture Notes in Economics and Mathematical Systems
Computational Management Science
State of the Art 2014
AvRaquel J. Fonseca,Gerhard-Wilhelm Weberm. fl.
Häftad, Engelska, 2015
1 117 kr
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This volume contains contributions from the 11th International Conference on Management Science (CMS 2014), held at Lisbon, Portugal, on May 29-31, 2014. Its contents reflect the wide scope of Management Science, covering different theoretical aspects for a quite diverse set of applications. Computational Management Science provides a unique perspective in relevant decision-making processes by focusing on all its computational aspects. These include computational economics, finance and statistics; energy; scheduling; supply chains; design, analysis and applications of optimization algorithms; deterministic, dynamic, stochastic, robust and combinatorial optimization models; solution algorithms, learning and forecasting such as neural networks and genetic algorithms; models and tools of knowledge acquisition, such as data mining; and all other topics in management science with the emphasis on computational paradigms.
Del 684 - Lecture Notes in Economics and Mathematical Systems
Short-Run Approach to Long-Run Equilibrium in Competitive Markets
A General Theory with Application to Peak-Load Pricing with Storage
AvAnthony Horsley,Andrew J. Wrobel
Häftad, Engelska, 2016
546 kr
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The authors present a new formal framework for finding the long-run competitive market equilibrium through short-run equilibria by exploiting the operating policies and plant valuations. This “short-run approach” develops ideas of Boiteux and Koopmans. Applied to the peak-load pricing of electricity generated by thermal, hydro and pumped-storage plants, it gives a sound and practical method of valuing the fixed assets—in this case, the river flows and the geological sites suitable for reservoirs. Its main mathematical basis is the producer’s short-run profit maximization programme and its dual; their solutions have relatively simple forms that can greatly ease the fixed-point problem of solving for the general equilibrium. Since the optimal values (profit and cost functions) are usually nondifferentiable—this is so when there are joint costs of production such as capacity constraints—nonsmooth calculus is employed to resolve long-standing discrepancies between textbook theory andindustrial reality by giving subdifferential extensions of basic results of microeconomics, including the Wong-Viner Envelope Theorem.
Del 686 - Lecture Notes in Economics and Mathematical Systems
Capacitated Planned Maintenance
Models, Optimization Algorithms, Combinatorial and Polyhedral Properties
AvTorben Kuschel
Häftad, Engelska, 2016
546 kr
Skickas inom 10-15 vardagar
This book examines the problem of maintenance planning and scheduling in industrial production systems. It presents two practically relevant, deterministic mathematical models: the capacitated planned maintenance problem (CPMP) and the weighted uncapacitated planned maintenance problem (WUPMP). It introduces specific optimization algorithms such as construction heuristics, Lagrangean and tabu search metaheuristics. A problem independent hybrid approach links and alternates between two Lagrangean relaxations. It also analyzes the solvability with respect to the computational complexity of several problem classes, polyhedral properties and lower bounds. Computational studies demonstrate the performance of the heuristics, lower bounds, subgradients obtained from heuristics and the quality of dual information. This unique book includes implementation details and an introduction to the necessary theory making it suitable for upper undergraduate students.
Del 683 - Lecture Notes in Economics and Mathematical Systems
Complex Networks and Dynamics
Social and Economic Interactions
AvPasquale Commendatore,Mariano Matilla-Garcíam. fl.
Häftad, Engelska, 2016
869 kr
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This volume sheds light on the current state of complex networks and nonlinear dynamics applied to the understanding of economic and social phenomena ranging from geographical economics to macroeconomics and finance, and its purpose is to give readers an overview of several interesting topics for research at an intermediate level. Three different and interdisciplinary, but complementary, aspects of networks are put together in a single piece, namely: (i) complex networks theory, (ii) applied network analysis to social and economic interrelations, and (iii) dynamical evolution of systems and networks. The volume includes contributions from excellent scholars in economics and social sciences as well as leading experts in the fields of complex networks and nonlinear dynamics.
Del 685 - Lecture Notes in Economics and Mathematical Systems
Lectures on Inequality, Poverty and Welfare
AvAntonio Villar
Häftad, Engelska, 2016
869 kr
Skickas inom 10-15 vardagar
These lectures aim to help readers understand the logics and nature of the main indicators of inequality and poverty, with special attention to their social welfare underpinnings. The key approach consists in linking inequality and poverty measurement with welfare evaluation. As concern for inequality and poverty stems from ethical considerations, the measurement of those aspects necessarily involves some value judgments. Those value judgments can be linked, directly or indirectly, to welfare assessments on the distribution of personal and social opportunities. Inequality and poverty are thus considered to be partial aspects of the welfare evaluation of the opportunities in a given society. The volume includes two applications that illustrate how the models can be implemented. They refer to inequality of opportunity and poverty in education, using PISA data.
Del 687 - Lecture Notes in Economics and Mathematical Systems
Control Systems and Mathematical Methods in Economics
Essays in Honor of Vladimir M. Veliov
AvGustav Feichtinger,Raimund M. Kovacevicm. fl.
Häftad, Engelska, 2018
1 300 kr
Skickas inom 10-15 vardagar
Since the days of Lev Pontryagin and his associates, the discipline of Optimal Control has enjoyed a tremendous upswing – not only in terms of its mathematical foundations, but also with regard to numerous fields of application, which have given rise to highly active research areas. Few scholars, however, have been able to make contributions to both the mathematical developments and the (socio-)economic applications; Vladimir Veliov is one of them. In the course of his scientific career, he has contributed highly influential research on mathematical aspects of Optimal Control Theory, as well as applications in Economics and Operations Research. One of the hallmarks of his research is its impressive breadth. This volume, published on the occasion of his 65th birthday, accurately reflects that diversity. The mathematical aspects covered include stability theory for difference inclusions, metric regularity, generalized duality theory, the Bolza problem from a functional analytic perspective, and fractional calculus. In turn, the book explores various applications of control theory, such as population dynamics, population economics, epidemiology, optimal growth theory, resource and energy economics, environmental management, and climate change. Further topics include optimal liquidity, dynamics of the firm, and wealth inequality.
Del 689 - Lecture Notes in Economics and Mathematical Systems
Essays on Wage Bargaining in Dynamic Macroeconomics
AvOliver Claas
Häftad, Engelska, 2019
728 kr
Skickas inom 10-15 vardagar
This book addresses collective bargaining in an intertemporal monetary macroeconomy of the aggregate supply–aggregate demand (AS–AD) type with overlapping generations of consumers and with a public sector. The results are presented in a unified framework with a commodity market that clears competitively. By analyzing the implications of three variants of collective bargaining – efficient bargaining in a uniform and a segmented labor market and “right-to-manage” wage bargaining – it identifies the quantity of money, price expectations, union power, and union size as the determinants of temporary equilibria. In the three scenarios, it characterizes and compares the temporary equilibria using both analytical and numerical techniques, with an emphasis on allocations, welfare, and efficiency. It also discusses the dynamic evolution under rational expectations and its steady states in nominal and real terms. Lastly, it demonstrates conditions for stability regarding a balanced monetary expansion of the economy.

Lecture Notes in Economics and Mathematical Systems – serie

Generalized Fechner-Thurstone Direct Utility Function and Some of its Uses

Rational Expectations Equilibrium Inventory Model

Cost Analysis Applications of Economics and Operations Research

DECOMP: an Implementation of Dantzig-Wolfe Decomposition for Linear Programming

Pairwise Comparisons Method

Affective Decision Making Under Uncertainty

Intertemporal and Strategic Modelling in Economics

Advanced Mathematical Methods for Economic Efficiency Analysis

Dial-A-Ride Problems in Transportation Service

Heterogeneous Agents in Asset Pricing, Vol 1

Heterogeneous Agents in Asset Pricing, Vol 1

Time and Money

Capacity and Inventory Planning for Make-to-Order Production Systems

Artificial Economics and Self Organization

Decision Making and Knowledge Decision Support Systems

Optimizing Hospital-wide Patient Scheduling

Dynamic and Stochastic Multi-Project Planning

Balanced and Cyclical Growth in Models of Decentralized Economy

Decision Making and Optimization

Advances in Artificial Economics

Fairness in Academic Course Timetabling

Income Modeling and Balancing

Retail Analytics

Computational Management Science

Short-Run Approach to Long-Run Equilibrium in Competitive Markets

Capacitated Planned Maintenance

Complex Networks and Dynamics

Lectures on Inequality, Poverty and Welfare

Control Systems and Mathematical Methods in Economics

Essays on Wage Bargaining in Dynamic Macroeconomics