Similar Search Results

Market Structure and Sustainable Use of Natural Resources

Yegorov, Yuri - 2015

Sustainable use of natural resources becomes an important issue today not only due to global warming and pollution issues but also because of critical pressure on the Earth?s regeneration possibility. We cannot use classical microeconomic approach here for two reasons: a) impossibility to create...

Persistent link: https://www.econbiz.de/10011400423

Economic Role of Population Density

Yegorov, Yuri - 2015

also matters. All these 3 factors enter with different power, and optimization with respect to linear scale give different …

Persistent link: https://www.econbiz.de/10011400438

A Pure Binary LP Model to the Facility Layout Problem

Papahristodoulou, Christos - 1999

In facility layout problems, a major concern is the optimal design or remodeling of the facilities of an organization. The decision maker's objective is to arrange the facility in an optimal way, so that the interaction among functions (i.e. machines, inventories, persons) and places (i.e....

Persistent link: https://www.econbiz.de/10010321747

Optimal Balanced Control for Call Centers

Bhulai, Sandjai; Farenhorst-Yuan, Taoying; Heidergott, Bernd - 2010

sequences provide an additional step in optimization and control. This motivates our new approach where we avoid the …

Persistent link: https://www.econbiz.de/10010325903

On the Optimality of Regularity in Mixing Markovian Decision Rules for MDP Control

van der Laan, Dinard - 2010

In this paper we study Markov Decision Process (MDP) problems with the restriction that at decision epochs only a finite number of given Markovian decision rules may be applied. The elements of the finite set of allowed decision rules should be mixed to improve the performance. The set of...

Persistent link: https://www.econbiz.de/10010325920

Learning, Forecasting and Optimizing: An Experimental Study

Bao, Te; Duffy, John; Hommes, Cars - 2012

available information, and 2) given expectations, agents solve optimization problems and these solutions in turn determine … paper we consider both forecasting and optimization decisions in an experimental cobweb economy. We report results from four … experimental treatments: 1) subjects form forecasts only, 2) subjects determine quantity only (solve an optimization problem), 3 …

Persistent link: https://www.econbiz.de/10010326375

The Optimal Share of Variable Renewables. How the Variability of Wind and Solar Power Affects their Welfare-optimal Deployment

Hirth, Lion - 2013

This paper estimates the welfare-optimal market share of wind and solar power; explicitly taking into account their output variability. We present a theoretical valuation framework that consistently accounts for output variability over time; forecast errors; and the location of generators in the...

Persistent link: https://www.econbiz.de/10010328669

Finding efficient frontier of process parameters for plastic injection molding

Chen, Wu-Lin; Huang, Chin-Yin; Huang, Ching-Ya - In: Journal of Industrial Engineering International 9 (2013), pp. 1-11

optimization procedure that can be applied in practice to the injection molding process. …

Persistent link: https://www.econbiz.de/10011551809

A general framework for scheduling equipment and manpower on container terminals

Hartmann, Sönke - 2002

In this paper, we propose a general model for various scheduling problems that occur in container terminal logistics. The scheduling model consists of the assignment of jobs to resources and the temporal arrangement of the jobs subject to precedence constraints and sequence-dependent setup...

Persistent link: https://www.econbiz.de/10011558786

Optimal monetary policy rules for the euro area: an analysis using the area wide model

Dieppe, Alistair; Kuester, Keith; McAdam, Peter - 2004

In this paper, we analyze optimal monetary policy rules in a model of the euro area, namely the ECB’s Area Wide Model, which embodies a high degree of intrinsic persistence and a limited role for forward-looking expectations. These features allow us, in large measure, to differentiate our...

Persistent link: https://www.econbiz.de/10011604406