This paper examines optimal policy when agents, private investors and a government, can learn about the economy by observing others. Investors can delay investment in order to exploit future information. Importantly, investors ignore the informational value of their actions to others when...

The invisible hand theorem relates nothing about the attributes of the optimal allocation vector. In this paper, we identify a convex cone of functions such that order on vectors of exogenous heterogeneity parameters induces component-wise order on allocation vectors for firms in an efficient...

Hydrogen energy in combination with fuel cell technology plays an important role in addressing the growing energy demand in the coming decades. This paper analyses the functional and structural factors which affect the development of this technology in Iran. We apply the Technological Innovation...

This paper proposes a new mathematical framework for the open pit mine planning problem, based on continuous functional analysis. The main challenge for engineers is to determine a sequence of nested profiles maximizing the net present value of the mining operation. The traditional models for...

Some studies concerned with the allocation of tolerances have been published, but only a few deal with both cost and function. In order to overcome this drawback, and to tighten the liaison between design and production, work has been carried out in the area of tolerance, with cost, function and...

Purpose – Complex decision-making is often supported not by single messages but by multichannel communication packages that need to be evaluated in their own right. The purpose of this paper is to present a new analytic approach to this package evaluation task combining textual analysis,...

One of the major factors of Polish competitiveness - low-cost labour - has been eroded by the accession of newer European Union members wherein labour can be even twice as cheap. In the context of these circumstances and the changing nature of globalisation, in order for the Polish economy to...

Purpose – The purpose of the paper is to report the investigation results of current practices of strategic asset allocation process, which consists of capital budget planning, monitoring, and control of Hong Kong building contractors. The changes of the said practices are compared with the...

Purpose – The main purpose of this paper is to select the most suitable production model for measuring the production process of some major manufacturing industries in Oman. Design/methodology/approach – This empirical paper looks into an analytical justification to use Cobb‐Douglas...

Purpose – The purpose of this paper is to propose an integrated approach to process integration, automation, and optimization through enhanced business process models. Design/methodology/approach – The approach is based on a framework of process integration for functional applications,...