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In this paper, we use experimental economics methods to test how well Analytic Hierarchy Process (AHP) fares as a choice support system in a real decision problem. AHP provides a ranking that we statistically compare with three additional rankings given by the subjects in the experiment: one at...
Persistent link: https://www.econbiz.de/10008493039
Decision analysis has traditionally been applied to choices under uncertainty involving a single decision maker. Game theory has been applied to solving games of strategic interaction between two or more players. Building upon recent work of van Binsbergen and Marx (2007. Exploring relations...
Persistent link: https://www.econbiz.de/10005014726
We study properties of the solutions to a parametrized constrained optimization problem in Hilbert spaces. A special …
Persistent link: https://www.econbiz.de/10005835786
strategy that incorporates both environmental and economic goals. Furthermore, optimization using only a single receptor at a … time resulted in significantly higher reduction in emissions compared to optimization that incorporates all the twelve …-receptor optimization) would not penalize the sources of emission compared to locally optimal emission reduction strategy (i.e., single …
Persistent link: https://www.econbiz.de/10005836399
We study properties of the solutions to a parametrized constrained optimization problem in Hilbert spaces. A special …
Persistent link: https://www.econbiz.de/10005837044
The objective of the study is to determine the factors of the optimal level of merchandizing inventory. The study is based on a mathematical model. The results revealed some interesting findings. The most important conclusion is that the 'Usage of Material' or the Sales Volume is not the real...
Persistent link: https://www.econbiz.de/10005837204
. This optimization method requires that players adopt a particular type of probability measure space. Here, we introduce … optimization methods to locate novel equilibria. These variational methods can reconcile game theoretic prediction and observed … human behaviours, as we illustrate by resolving the chain store paradox. Our generalized optimization analysis has …
Persistent link: https://www.econbiz.de/10005837506
Microcredit, being the most unique form of antipoverty intervention in terms of its methodology and outreach, has generated considerable amount of disagreements in recent times. While there may be more serious disagreements surrounding microcredit, this article addresses whether or not...
Persistent link: https://www.econbiz.de/10011251879
The national system of higher education shall solve one of the most difficult and most important social and human issues – the education and training of the young generation, of the labour hand. The system of higher education appears as a subsystem of the national educational system and of the...
Persistent link: https://www.econbiz.de/10011258139
transition probabilities. Our approach is based on an optimization model. More specifically we consider two competing objectives …
Persistent link: https://www.econbiz.de/10011259232