Download or read book External Constraints on Macroeconomic Policy written by George Alogoskoufis and published by Cambridge University Press. This book was released on 1991 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book from the Centre for Economic Policy Research deals with the implications of the exchange rate regimes and capital flows of the 1990s for government macroeconomic policy-making and EC policy co-ordination.

Download or read book Linear quadratic Approximation of Optimal Policy Problems written by Pierpaolo Benigno and published by . This book was released on 2006 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider a general class of nonlinear optimal policy problems involving forward-looking constraints (such as the Euler equations that are typically present as structural equations in DSGE models), and show that it is possible, under regularity conditions that are straightforward to check, to derive a problem with linear constraints and a quadratic objective that approximates the exact problem. The LQ approximate problem is computationally simple to solve, even in the case of moderately large state spaces and flexibly parameterized disturbance processes, and its solution represents a local linear approximation to the optimal policy for the exact model in the case that stochastic disturbances are small enough. We derive the second-order conditions that must be satisfied in order for the LQ problem to have a solution, and show that these are stronger, in general, than those required for LQ problems without forward-looking constraints. We also show how the same linear approximations to the model structural equations and quadratic approximation to the exact welfare measure can be used to correctly rank alternative simple policy rules, again in the case of small enough shocks.

Download or read book Stochastic Teams Games and Control under Information Constraints written by Serdar Yüksel and published by Springer Nature. This book was released on with total page 935 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Challenges for Economic Policy Coordination within European Monetary Union written by Andrew J. Hughes Hallett and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: The launch of European Monetary Union (EMU) marked the beginning of a new era, and its establishment has proved an impressive success at the technical, legal, and procedural level. After all, EMU has accelerated economic and political integration in the European Union and tied the economies of the Member States closer together. However, the performance of the euro, high unemployment rates, uneven output and investment growth, and the issue of structural reforms that have yet to be tackled have raised questions about the performance of EMU in practice. There is a general consensus on the justification for economic policy coordination. The existing literature on economic policy coordination, however, seems far from able to provide robust conclusions about how to organize the necessary interaction of institutions and policies. Therefore, there seems to be a case for re-examining the subject under the new framework set by EMU. The objective of such a reassessment is to enhance the understanding of what type of coordination and what institutional setting for policy coordination can be expected to be most favorable. Challenges for Economic Policy Coordination within European Monetary Union provides an intellectually stimulating contribution to the ongoing debate.

Download or read book Barriers and Bounds to Rationality written by Peter Albin and published by Princeton University Press. This book was released on 2021-10-12 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peter Albin is known for his seminal work in applying the concepts of adaptive dynamical systems, first developed by biologists and physicists, to the study of economic systems. This book is a collection of his pathbreaking articles on the application of cellular automata and complexity theory to economic problems. Duncan Foley provides a thoughtful introduction in which he reviews the disparate analytical sources of Albin's work in the theories of nonlinear dynamical systems, economic dynamics, cellular automata, linguistic and computational complexity, and bounded rationality. Albin has analyzed economic systems as interactions of highly complex components (i.e., intelligent human beings). He uses the theories of generative linguistics and cellular automata to establish that the complexity level of economic systems is, in principle at least, that of a Turing machine or general-purpose computer, establishing that classic economic approaches to the problems of household and firm choice, macroeconomic prediction, and policy evaluation may give rise to undecidable propositions and uncomputable functions. He develops simple models of dynamic economic interaction based on cellular automata which illustrate the inherent complexity of economic interactions and the resulting challenge they pose to traditional theories of rational economic behavior. These models explore the dynamics of the business cycle, decentralized market trading, and the emergence of cooperation in a novel local-interaction version of the repeated prisoners' dilemma game. Albin's work provides a unique and important perspective on economic systems.

Download or read book Constrained Markov Decision Processes written by Eitan Altman and published by Routledge. This book was released on 2021-12-17 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a unified approach for the study of constrained Markov decision processes with a finite state space and unbounded costs. Unlike the single controller case considered in many other books, the author considers a single controller with several objectives, such as minimizing delays and loss, probabilities, and maximization of throughputs. It is desirable to design a controller that minimizes one cost objective, subject to inequality constraints on other cost objectives. This framework describes dynamic decision problems arising frequently in many engineering fields. A thorough overview of these applications is presented in the introduction. The book is then divided into three sections that build upon each other.

Download or read book Recent Advances in Reinforcement Learning written by Leslie Pack Kaelbling and published by Springer. This book was released on 2007-08-28 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent Advances in Reinforcement Learning addresses current research in an exciting area that is gaining a great deal of popularity in the Artificial Intelligence and Neural Network communities. Reinforcement learning has become a primary paradigm of machine learning. It applies to problems in which an agent (such as a robot, a process controller, or an information-retrieval engine) has to learn how to behave given only information about the success of its current actions. This book is a collection of important papers that address topics including the theoretical foundations of dynamic programming approaches, the role of prior knowledge, and methods for improving performance of reinforcement-learning techniques. These papers build on previous work and will form an important resource for students and researchers in the area. Recent Advances in Reinforcement Learning is an edited volume of peer-reviewed original research comprising twelve invited contributions by leading researchers. This research work has also been published as a special issue of Machine Learning (Volume 22, Numbers 1, 2 and 3).

Download or read book Partially Observed Markov Decision Processes written by Vikram Krishnamurthy and published by Cambridge University Press. This book was released on 2016-03-21 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers formulation, algorithms, and structural results of partially observed Markov decision processes, whilst linking theory to real-world applications in controlled sensing. Computations are kept to a minimum, enabling students and researchers in engineering, operations research, and economics to understand the methods and determine the structure of their optimal solution.

Download or read book Decision Processes in Dynamic Probabilistic Systems written by A.V. Gheorghe and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Et moi - ... - si j'avait su comment en revenir. One service mathematics has rendered the je n'y serais point aile: human race. It has put common sense back where it belongs. on the topmost shelf next Jules Verne (0 the dusty canister labelled 'discarded non sense'. The series is divergent; therefore we may be able to do something with it. Eric T. Bell O. Heaviside Mathematics is a tool for thought. A highly necessary tool in a world where both feedback and non linearities abound. Similarly, all kinds of parts of mathematics serve as tools for other parts and for other sciences. Applying a simple rewriting rule to the quote on the right above one finds such statements as: 'One service topology has rendered mathematical physics .. .'; 'One service logic has rendered com puter science .. .'; 'One service category theory has rendered mathematics .. .'. All arguably true. And all statements obtainable this way form part of the raison d'etre of this series.

Download or read book Recent Advances in Constraints written by Brahim Hnich and published by Springer Science & Business Media. This book was released on 2006-05-15 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the thoroughly refereed and extended post-proceedings of the Joint ERCIM/CoLogNet International Workshop on Constraint Solving and Constraint Logic Programming, CSCLP 2005. The 12 revised full papers presented were carefully reviewed and selected for inclusion in the book. The papers are organized in topical sections on global constraints, search and heuristics, language and implementation issues, and modeling.

Download or read book Analytic Perturbation Theory and Its Applications written by Konstantin E. Avrachenkov and published by SIAM. This book was released on 2013-12-11 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mathematical models are often used to describe complex phenomena such as climate change dynamics, stock market fluctuations, and the Internet. These models typically depend on estimated values of key parameters that determine system behavior. Hence it is important to know what happens when these values are changed. The study of single-parameter deviations provides a natural starting point for this analysis in many special settings in the sciences, engineering, and economics. The difference between the actual and nominal values of the perturbation parameter is small but unknown, and it is important to understand the asymptotic behavior of the system as the perturbation tends to zero. This is particularly true in applications with an apparent discontinuity in the limiting behavior?the so-called singularly perturbed problems. Analytic Perturbation Theory and Its Applications includes a comprehensive treatment of analytic perturbations of matrices, linear operators, and polynomial systems, particularly the singular perturbation of inverses and generalized inverses. It also offers original applications in Markov chains, Markov decision processes, optimization, and applications to Google PageRank? and the Hamiltonian cycle problem as well as input retrieval in linear control systems and a problem section in every chapter to aid in course preparation.

Download or read book Recent Advances in Constraints written by Francisco Azevedo and published by Springer. This book was released on 2007-08-19 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the thoroughly refereed and extended post-proceedings of the 11th Annual ERCIM International Workshop on Constraint Solving and Constraint Logic Programming, CSCLP 2006, held in Caparica, Portugal in June 2006. The papers are organized in topical sections on global constraints, search and heuristics, language and implementation issues, and modeling.

Download or read book Encyclopedia of Optimization written by Christodoulos A. Floudas and published by Springer Science & Business Media. This book was released on 2008-09-04 with total page 4646 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of the Encyclopedia of Optimization is to introduce the reader to a complete set of topics that show the spectrum of research, the richness of ideas, and the breadth of applications that has come from this field. The second edition builds on the success of the former edition with more than 150 completely new entries, designed to ensure that the reference addresses recent areas where optimization theories and techniques have advanced. Particularly heavy attention resulted in health science and transportation, with entries such as "Algorithms for Genomics", "Optimization and Radiotherapy Treatment Design", and "Crew Scheduling".

Download or read book Adaptive Control for Robotic Manipulators written by Dan Zhang and published by CRC Press. This book was released on 2017-02-03 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: The robotic mechanism and its controller make a complete system. As the robotic mechanism is reconfigured, the control system has to be adapted accordingly. The need for the reconfiguration usually arises from the changing functional requirements. This book will focus on the adaptive control of robotic manipulators to address the changed conditions. The aim of the book is to summarise and introduce the state-of-the-art technologies in the field of adaptive control of robotic manipulators in order to improve the methodologies on the adaptive control of robotic manipulators. Advances made in the past decades are described in the book, including adaptive control theories and design, and application of adaptive control to robotic manipulators.

Download or read book Constraints on Party Politics written by Thomas M. Meyer and published by ECPR Press. This book was released on 2013-04-30 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political scientists are quite good at predicting ‘optimal’ policy positions that - under the given circumstances - allow parties to get maximal payoffs in terms of policy, office or votes. What we do not know is whether parties are actually able to take these positions or whether they are constrained to do so. This book attempts to narrow this gap. The major argument is that parties do not choose policy positions from scratch and that they cannot freely change their policy platforms. Rather, voters’ lacking perception of changing party platforms and intra-party factors constrain parties when shifting their policy positions. An empirical analysis of party policy shifts in ten Western European democracies shows that these constraints differ across parties and thus affect the parties’ position-taking differently. Considering this variation is important to derive more precise predictions for parties’ policy platforms and for our understanding of party behaviour in general. This book attempts to narrow this gap. The major argument is that parties do not choose policy positions from scratch and that they cannot freely change their policy platforms. Rather, voters’ lacking perception of changing party platforms and intra-party factors constrain parties when shifting their policy positions. An empirical analysis of party policy shifts in ten Western European democracies shows that these constraints differ across parties and thus affect the parties’ position-taking differently. Considering this variation is important to derive more precise predictions for parties’ policy platforms and for our understanding of party behaviour in general.

Download or read book Energy Efficient Scheduling under Delay Constraints for Wireless Networks written by Randal Berry and published by Springer Nature. This book was released on 2022-05-31 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Packet delay and energy consumption are important considerations in wireless and sensor networks as these metrics directly affect the quality of service of the application and the resource consumption of the network; especially, for a rapidly growing class of real-time applications that impose strict restrictions on packet delays. Dynamic rate control is a novel technique for adapting the transmission rate of wireless devices, almost in real-time, to opportunistically exploit time-varying channel conditions as well as changing traffic patterns. Since power consumption is not a linear function of the rate and varies significantly with the channel conditions, adapting the rate has significant benefits in minimizing energy consumption. These benefits have prompted significant research in developing algorithms for achieving optimal rate adaptation while satisfying quality of service requirements. In this book, we provide a comprehensive study of dynamic rate control for energy minimization under packet delay constraints. We present several formulations and approaches adopted in the literature ranging from discrete-time formulations and dynamic programming based solutions to continuous-time approaches utilizing ideas from network calculus and stochastic optimal control theory. The goal of this book is to expose the reader to the important problem of wireless data transmission with delay constraints and to the rich set of tools developed in recent years to address it. Table of Contents: Introduction / Transmission Rate Adaptation under Deadline Constraints / Average Delay Constraints

Download or read book Production and Maintenance Optimization Problems written by Nidhal Rezg and published by John Wiley & Sons. This book was released on 2016-10-14 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on industrial constraints such as subcontracting, warranty, and quality in manufacturing and logistic fields and gives new integrated maintenance strategies. It presents new production and maintenance Control Policies compared to the Hedging Point theory Strategy and different integrated strategies of maintenance are developed under industrial constraints in order to propose a robustness production and maintenance plan.