As large physical capital stock projects need long periods to be built, a time-to-build specification is incorporated in factor demand models. Time-to-build and adjustment costs dynamics are identified since by the first moving average dynamics, whereas by the latter autoregressive dynamics are...

As a new type of technique, simplicial methods have yielded extremely important contributions toward solutions of a system of nonlinear equations. Theoretical investigations and numerical tests have shown that the performance of simplicial methods depends critically on the triangulations...

The main objective of this volume is to provide a presentation and discussion of recent developments in optimization and related fields. Equal emphasis is given to theoretical and practical studies. All the papers in this volume contain original results except two of them which are survey...

This volume gives an overview on new theoretical approaches on computer-aided methods for strategic and operational planning in public mass transit. Interesting results in scheduling theory are shown, using procedures for solving combinatorial problems with more complex structures. Experiences...

This book presents a detailed account of how a state-of-the-art macro model is built, and how it works. Throughout the emphasis is on providing the reader with a hands-on appreciation of the underlying economics, and its practical implementation. The model described, MM, is a leading example of...

This book treats the modelling of individual corporate firms within an economy-wide framework. Microsimulation is used to bridge the gap between partial theories of firm behaviour and economy-wide modelling. The book gives practical guidelines for the construction and application of such...

This monograph is devoted to a rigorous presentation of results about the representation of preference orderings by real-valued order isomorphisms ("utility functions"). The authors have gathered together, from sources scattered throughout a wide range of the literature of mathematics and...

The subject of the book is an approach to the modeling of and the reasoning under uncertainty. It develops the Dempster-Shafer Theory as a theory of the reliability of reasoning with uncertain arguments. A particular interest of this approach is that it yields a new synthesis and integration of...

In order to obtain more reliable optimal solutions of concrete technical/economic problems, e.g. optimal design problems, the often known stochastic variations of many technical/economic parameters have to be taken into account already in the planning phase. Hence, ordinary mathematical programs...

This book deals with dynamic timing decisions under uncertainty in the context of exhaustible resources. Adopting the dynamic programming techniqueof decomposing a large and complex problem into smaller and simpler ones, the book offers a unified treatment of the important subjects of...