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In this paper, we formulate and analyse a long-term multi-objective dynamic model for controlling invasive species. This optimization framework is then applied to the case of buffelgrass control in the Arizona desert. The proposed model simultaneously optimizes three objectives corresponding to...
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Mexican Valley is one of the Mexico’s most critical areas of water supply, the groundwater resources are overexploited at a rate of 100% or more, generating ground sinking up to 0.4 cm/year in some areas. Water shortage in this area is already at an alarmingly critical level. The situation is...
Persistent link: https://www.econbiz.de/10010997346
This paper aims to show that delay matters in continuous- and discrete-time framework. It constructs a simple dynamic model of a boundedly rational monopoly. First the existence of the unique equilibrium state is proved under general price and cost function forms. Conditions are derived for its...
Persistent link: https://www.econbiz.de/10010931051
Multi criteria decision making (MCDM) problems are usually under uncertainty. One of these uncertain parameters is the decision maker (DM)'s degree of optimism, which has an important effect on the results. Fuzzy linguistic quantifiers are used to obtain the assessments of this parameter from DM...
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