In this study, wind characteristics and wind energy potential of Armidale, which is a regional rural city (the highest in Australia) in the Northern Tablelands of New South Wales (NSW) are examined and analysed utilizing mean daily wind velocity observations collected during the period 1994 to...

Decision making can be a complex process requiring the integration of several attributes of choice options. Understanding the neural processes underlying (uncertain) investment decisions is an important topic in neuroeconomics. We analyzed functional magnetic resonance imaging (fMRI) data from...

Commodity prices again! The twentieth century has only been the latest spectator to the impacts and importance of commodity price fluctuations. It is reasonably well known that commodity price records have come down to us from the ancient civilizations of India, Mesopotamia, Egypt, Greece and...

This paper develops and estimates a model that integrates two fundamental theories of individual health behaviour: the Becker-Murphy model of rational addiction and the Grossman model of health investment. We define an individual's lifetime smoking consumption pattern and investments in health...

Commodity prices again! The twentieth century has only been the latest spectator to the impacts and importance of commodity price fluctuations. It is reasonably well known that commodity price records have come down to us from the ancient civilizations of India, Mesopotamia, Egypt, Greece and...

This article appeared in Computer Science in Economics and Management (now Computational Economics). Parameter estimation problems for nonlinear systems are typically formulated as nonlinear optimization problems. For such problems, one has the usual difficulty that standard successive...

Rapid urbanization is a fact of live even in the least developed countries (LDCs) where the lion’s share of the population presently lives in rural areas and will continue to do so for decades to come. At the turn of the millennium 75% of the LDCs’ population still lived in rural areas and...

This paper presents an attempt to solve and estimate a structural dynamic non-linear rational expectation model. The main contribution of this paper is to explore the Smolyak operator for numerical approximation and integration in a generic model class which do not suffer exponentially but only...

In recent years, the government, of African Countries has assumed major responsibilities for economic reforms and growth. In attempting to describe their economies, economists (policymakers) in many African Countries have applied certain models that are by now widely known: Linear programming...

The article is dedicated to the questions of cost modeling on the basis of the Petri nets in order to exposure the inconsistency and duplication of operations that make business-processes, and also rational sequence of their implementation. As a result it helps to reduce combined value of...