Download or read book Warsaw Fall Seminars in Mathematical Economics 1975 written by M. W. Los and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mathematical Economics and Game Theory written by R. Henn and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 714 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Convex Analysis and Mathematical Economics written by J. Kriens and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: On February 20, 1978, the Department of Econometrics of the University of Tilburg organized a symposium on Convex Analysis and Mathematical th Economics to commemorate the 50 anniversary of the University. The general theme of the anniversary celebration was "innovation" and since an important part of the departments' theoretical work is con centrated on mathematical economics, the above mentioned theme was chosen. The scientific part of the Symposium consisted of four lectures, three of them are included in an adapted form in this volume, the fourth lec ture was a mathematical one with the title "On the development of the application of convexity". The three papers included concern recent developments in the relations between convex analysis and mathematical economics. Dr. P.H.M. Ruys and Dr. H.N. Weddepohl (University of Tilburg) study in their paper "Economic theory and duality", the relations between optimality and equilibrium concepts in economic theory and various duality concepts in convex analysis. The models are introduced with an individual facing a decision in an optimization problem. Next, an n person decision problem is analyzed, and the following concepts are defined: optimum, relative optimum, Nash-equilibrium, and Pareto-optimum.

Download or read book Risk and Capital written by G. Bamberg and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume invites young scientists and doctoral students in the fields of capital market theory, informational economics, and mana gement science to visualize the many different ways to arrive at a thorough understanding of risk and capital. Rather than focusing on one subject only, the sample of papers collected may be viewed as a representative choice of various aspects. Some contributions have more the character of surveys on the state of the art while others stress original research. We fou~d it proper to group the papers under two main themes. Part I covers information, risk aversion, and capital market theory. Part II is devoted to management, policy, and empirical evidence. Two contributions, we think, deserved to break this allocation and to be placed in a prologue. The ideas expressed by Jost B. Walther, although meant as opening address, draw interesting parallels for risk and capital in genetics and evolution. An old, fundamental pro blem was asked and solved by Martin J. Beckmann: how does risk affect saving? The wise answer (Martin's 60th birthday is in July 1984) is both smart and simple, although the proof requires sophisticated dynamic programming. As always, such a work must be the result of a special occasion.

Download or read book Nondifferentiable Optimization Motivations and Applications written by Vladimir F. Demyanov and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Institute for Applied Systems Analysis (IIASA) in Laxenburg, Austria, has been involved in research on nondifferentiable optimization since 1976. IIASA-based East-West cooperation in this field has been very productive, leading to many important theoretical, algorithmic and applied results. Nondifferentiable optimi zation has now become a recognized and rapidly developing branch of mathematical programming. To continue this tradition, and to review recent developments in this field, IIASA held a Workshop on Nondifferentiable Optimization in Sopron (Hungary) in September 1964. The aims of the Workshop were: 1. To discuss the state-of-the-art of nondifferentiable optimization (NDO), its origins and motivation; 2. To compare-various algorithms; 3. To evaluate existing mathematical approaches, their applications and potential; 4. To extend and deepen industrial and other applications of NDO. The following topics were considered in separate sessions: General motivation for research in NDO: nondifferentiability in applied problems, nondifferentiable mathematical models. Numerical methods for solving nondifferentiable optimization problems, numerical experiments, comparisons and software. Nondifferentiable analysis: various generalizations of the concept of subdifferen tials. Industrial and other applications. This volume contains selected papers presented at the Workshop. It is divided into four sections, based on the above topics: I. Concepts in Nonsmooth Analysis II. Multicriteria Optimization and Control Theory III. Algorithms and Optimization Methods IV. Stochastic Programming and Applications We would like to thank the International Institute for Applied Systems Analysis, particularly Prof. V. Kaftanov and Prof. A.B. Kurzhanski, for their support in organiz ing this meeting.

Download or read book Dynamics of Macrosystems written by Jean-P. Aubin and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Interactive Decision Analysis written by M. Grauer and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the week of September 20-23, 1983, an International Workshop on Interactive Decision Analysis and Interpretative Computer Intelligence was held at the International Institute for Applied Systems Analysis (IIASA) in Laxenburg, Austria. More than fifty scientists representing seventeen coun tries participated. The aim of the Workshop was to review existing approaches to problems involving multiple conflicting objectives, to look at methods and techniques for interactive decision analysis, and to demonstrate theuse of existing interactive decision-support systems. The Workshop was motivated, firstly, by the realization that the rapid development of computers, especially microcomputers, will greatly increase the scope and capabilities of computerized decision-support systems. It is important to explore the potential of these systems for use in handling the complex technological, environmental, economic and social problems thatface the world today. Research in decision-support systems also has another, less tangible but possibly more important, motivation. The development of efficient sys tems for decision support requires a thorough understanding of the dif ferences between the decision-making processes in different nations and cultures. An understanding of the different rationales underlying decision making is not only necessary for the development of efficient decision support systems, but is also an important factor in encouraging inter national understanding and cooperation.

Download or read book Index of Conference Proceedings Received 1974 1978 written by British Library. Lending Division and published by . This book was released on 1980 with total page 1412 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Information Structures in Economics written by M. Nermuth and published by Springer Science & Business Media. This book was released on 2013-03-13 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is intended as a contribution to the theory of markets with imperfect information. The subject being nearly limitless, only certain selected topics are discussed. These are outlined in the Introduction (Ch. 0). The remainder of the book is divided into three parts. All results of economic significance are contained in Parts II & III. Part I introduces the main tools for the analysis, in particular the concept of an information structure. Although most of the material presented in Part I is not original, it is hoped that the detailed and self-contained exposition will help the reader to understand not only the following pages, but also the existing technical and variegated literature on markets with imperfect information. The mathematical prerequisites needed, but not explained in the text rarely go beyond elementary calculus and probability theory. Whenever more advanced concepts are used, I have made an effort to give an intuitive explanation as well, so that the argument can also be followed on a non-technical level (cf. e.g. the treatment of the "generic" viewpoint in Ch. 9). In the same spirit, discussion of mathematical assumptions is limited to those which have economic sig- ficance, whereas purely "technical" assumptions (like differentiability or integrability of certain functions) are usually made without comment whenever convenient. The logical interdependence of chapters is as follows: Ch. 3 . Ch. 1 /~I--=---- Ch. 4 Ch. 2 Ch. 8 ~I -=--- /"'-.... Ch.

Download or read book Econometric Decision Models written by J. Gruber and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mainstream Mathematical Economics in the 20th Century written by PierCarlo Nicola and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: To write everything about nothing, or to write nothing about everything: this is the problem. (Anonym, circa 1996-97) The first idea to write a book on M athematical Economics, more or less ordered in a historical sequence, occurred to me in 1995, when I was asked, by Istituto delta Enciclopedia Italiana, to write the entry "Storia dell'economia 1 2 matematica" , for the collective work "Storia deI XX Secolo". I thought that it would be interesting to elaborate on the text presented to the editors, to turn it into a book aiming at giving a panorama of what, in my opinion, are the main 20th century contributions to mathematical eco nomics. Of course, only a narrow set of the contributions made by economic theorists could be included, both for space limitations and necessity, because 3 of the limited competence of any single author. For instance, I have paid very limited attention to what is now called Macroeconomics, and also to Game Theory, which actually has grown so much as to acquire scientific in dependence as a living branch of applied mathematics. For the same reason, I have also left completely untouched such fields as Mathematical Finance, Public Economics, Theory of Taxation, etc. I have always based my presentation on published material only, assuming that what is contained in working papers still waits to be confirmed, possibly in the first years of the 21th century.

Download or read book Redundancy in Mathematical Programming written by M.H. Karwan and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the Spring of 1979 one of us (Zionts) was invited to visit Erasmus University in Rotterdam, The Netherlands. It was there that Zionts met another of us (Telgen) who was then in the process of completing a dissertation on redundancy in linear programming. At that time, Telgen proposed an extended visit to Buffalo, during which time he and Zionts would do an extensive study on redundancy. Redundancy, hardly an exciting or new topic, does have numerous applications. Telgen and Zionts planned the project for the Summer of 1980, and enlisted the support of all the contributors as well as the other two members of our team (Karwan and Lotfi). Lotfi was then a Ph. D. student in Industrial Engineering searching for a thesis topic. Redundancy became his topic. Karwan and Zionts served as his thesis co-chairmen, with Telgen serving as an outside reader of the thesis. We initially had hoped to complete the study during Telgen's stay in Buffalo, but that was far too optimistic. Lotfi completed his dissertation during the late Spring-early Summer of 1981. As the project took shape, we decided that we had more than enough for an article, or even several articles. Accordingly, not wanting to produce redundant papers, we decided to produce this volume --- a state-of-the-art review of methods for handling redundancy and comprehensive tests of the various methods, together with extensions and further developments of the most promising methods.

Download or read book Essays and Surveys on Multiple Criteria Decision Making written by P. Hansen and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fifth International Conference on Multiple Criteria Decision Making, not suprisingly, had several objectives. First, it aimed at beinq a forum for exchange and intensive discussion of recent ideas on theory and practice of MCDM, following the now well-established tradition of the previous meetings in the series, organized by H. Thiriez and S. Zionts in Jouy-en-Josas (1975), S. Zionts in Buffalo (1977), G. Fandel and T. Gal in Hagen/Konigswinter (1979) and J. Morse in Newark (1980). Second, closer contacts Nere desired between participants in these meetings and other active groups in the field, prominent among which is the European Working Group on Multiple Criteria Decision Aid. Third, participation of senior or junior researchers who had recently developped important new methodolo0ies, such as the Analytical Hierarchy Process, was actively sought for. Fourth, a synthesis of the rapidly expanding field of MCDM was to be made through selective surveys by leading researchers in the various areas it comprises. Fifth, cross-fertilization and multidisciplinary research was to be encouraged through presentations on the connections between MCDM and mathematics, economics, game theory, computer science and other subjects. Sixth, much emphasis was to be given to real-world applications of MCDM, particularly large scale ones and/or pioneering work in new fields. The present volume reflects the general agreement observed among participants that these goals were largely attained.

Download or read book Compilation of Input Output Tables written by J. V. Skolka and published by Springer Science & Business Media. This book was released on 2013-03-08 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Those familiar with input-output analysis know well that compilation of input-output tables is a difficult statistical work. The very first input-output tables (e.g. such as those for the United States economy in 1919 and 1929 or for the Federal Republic of Germany in the fifties) were the results of applied economic research. But soon after, official statistical bodies, who understood that input-output tables consistent with national accounts can very much improve the quality of economic statistics, started systematic work in this field. It was also obvious that international exchange of experience can be useful. The two main internatio nal fora in which discussion of input-output compilation took place were the international input-out put conferences and United Nations bodies. Already at the First International Conference on Input-Output Techniques (Driebergen 1950) several authors analysed the relations between input-output tables and national accounts. The topic was also on the programme of the Second Conference (Varenna 1954). At the Third Conference (Geneva 1961) standardization of input-output statistics was a topic of a panel discussion of eight experts. The relevant papers, which are still of interest, can be found in published conference proceedings.

Download or read book Dynamic Games and Applications in Economics written by Tamer Başar and published by Springer Science & Business Media. This book was released on 1986-03 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains eleven articles which deal with different aspects of dynaoic and differential game theory and its applications in economic modeling and decision making. All but one of these were presented as invited papers in special sessions I organized at the 7th Annual Conference on Economic Dynamics and Control in London, England, during the period June 26-28, 1985. The first article, which comprises Chapter 1, provides a general introduction to the topic of dynamic and differential game theory, discusses various noncooperative equilibrium solution concepts, includ ing Nash, Stackelberg, and Consistent Conjectural Variations equilibria, and a number of issues such as feedback and time-consistency. The second chapter deals with the role of information in Nash equilibria and the role of leadership in Stackelberg problems. A special type of a Stackelberg problem is the one in which one dominant player (leader) acquires dynamic information involving the actions of the others (followers), and constructs policies (so-called incentives) which enforce a certain type of behavior on the followers; Chapter 3 deals with such a class of problems and presents some new theoretical results on the existence of affine incentive policies. The topic of Chapter 4 is the computation of equilibria in discounted stochastic dynamic games. Here, for problems with finite state and decision spaces, existing algorithms are reviewed, with a comparative study of their speeds of convergence, and a new algorithm for the computation of nonzero-sum game equilibria is presented.

Download or read book Index of conference proceedings received by the BLL written by British Library. Lending Division and published by . This book was released on 1976 with total page 858 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Economics of Made to Order Production written by Thomas R. Gulledge and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The airframe industry is usually recognized as being different from most manufacturing industries. These differences, which are characterized by the number of units produced and the frequency of design changes, have been evident for many years. This uniqueness and the corresponding implications for cost estimation became particularly evident during World War II. The aircraft industry generally has been considered unique in that it differs from other manufacturing in the quantity of units manufactured and with the frequency with which changes are made during the course of manufacturing operations. In mass-production industries, manufacturing thousands or hundreds of thousands of identical units, methods and cost of production tend to remain fairly constant after production has been stabilized, whereas in the aircraft industry, method improvements are constantly being made and cost is a variable depending on the number of airplanes being manufactured (Berghell, 1944). These differences, coupled with political considerations, place unusual demands on cost modelers. This has been particularly true in recent years where large cost overruns have generated Congressional demands for better cost estimates. Traditionally, cost estimators in the airframe industry have used one or more of the following estimating techniques: 1. industrial engineering time standards, 2. parametric cost estimating models, 3. learning curves. All of the methods have been used with mixed results in specific situations. The general emphasis of all three approaches is cost estimation for planning purposes prior to beginning production, although some of the techniques may be used during the production phase of a program.