To iteratively solve large scale optimization problems in various contexts like planning, operations, design etc., we need to generate descent directions that are based on linear system solutions. Irrespective of the optimization algorithm or the solution method employed for the linear systems,...

Author’s earlier paper, ‘European Economic Community: Underlying Motives and Their Implications’ (Working Paper No.841, January 1990) analysed four basic motives underlying formation of EEC. Analysis indicated that for Monnet (Father of EEC), the Common Market was a strategy to unify...

The paper critically analyzes the historical processes of the evolution of energy policy in India and its relationship with development strategies. The paper is divided into three time periods related to global energy situation: upto first energy crisis 1973; upto second and third energy crisis...

Econometric theory, as developed till today includes a number of estimation procedures whose small and large sample properties have been analysed at different places by different authors. Looking at these works one can find a few contradictions regarding efficiency of some powerful methods of...

The paper reviews the forces affecting supply of and demand for agricultural labour in India, their interaction as expressed in wage levels; and, the characteristics of the agricultural labour market. The simplistic assumption of perfectly elastic labour supply cannot be sustained at the...

In this paper we extend the analysis of optimum ordering interval for inventory, carried out by Mukherjee(2), to incorporate random price schedules observed by firms. We obtain the expression for optimum cycle length by minimizing the expected total cost per unit time. In effect we carry out a...

Empirical investigation of the economic benefits of public housing in India has largely remained a relatively unexplored field of research. The present study tires to make a small contribution towards filling this crucial gap in our understanding of the economics of housing in India by...

Boom conditions are prevailing in the economy but there is a danger of inflation raising its head again as the foreign exchange reserves go on increasing. The RBI’s target of 55 billion of foreign capital which it can manage by open market policy will be breached very soon and the bank would...

As under-graduate student at an elite technological institute like the IIT, spends anywhere upto 12 thousands academic hours over five years in the most formative years of his life. Since the pre-independence days there was a plan to establish an Indian MIT and this had found concrete expression...

How do we conceptualize the process of learning in public development organizations which are designed to deal with only articulated, aggregated and persistent demand from the clients. I have listed in this paper some lessons which have been culled from the experience of ‘developmental...