Using statistical decision theory with reference to a linear decision model with a quadratic welfare function in the endogenous variables, it is shown that (1) the loss function is different than the usual loss functions implied in prediction models; (2) under the Bayesian assumption that a...

It is shown that the proposal for a utility-weighted informational measure discussed by Belis, and Guiasu (Belis, M., S. Guiasu. 1968. A quantitative-qualitative measure of information in cybernetic systems. IEEE Trans. Information Theory 14 593--594.) and others can be formulated in terms of...

The impact of price changes in geometric programming is analyzed in terms of technological substitution relationships. The method can also be applied to sensitivity analysis, which is illustrated by means of a numerical example.