The purpose of this paper is to present some results of our research in the field of inter-generational learning dynamics and knowledge transfer, with applications in universities. This topic is important because a university is by its own nature a nested knowledge organization, due to a...

Repetitive Stochastic Guesstimation (RSG) is a probabilistic algorithm introduced in Charemza (1996) which mimics the usual guessing of the parameters involved in a complex large macroeconomic model. The paper analyzes the objective function employed by RSG and it establishes sufficient...

The paper analyzes the regression problem for small and undersized sample. Two classical algorithms are compared: Simulated Annealing (SA) versus Repetitive Stochastic Guesstimation (RSG). An improved version of RSG is built and compared to the previous two algorithms. The author concludes that...

The paper presents an econometric estimation for the Aghion and Blanchard (1994) model of the speed of transition for the case of Romania. All the econometric estimations were done by means of three stochastic optimization algorithms (RGS, RSGBOOT and SA), after preliminary Monte Carlo...

We investigate theoretically a voter model or how opinion changes within a community, subject to neighborhood interaction. Under Markov chain modeling, the stationary probability distribution for certain cases is determined in simple analytical form, then its entropy is analyzed.

It is generally admitted that fixed, low input prices for resources cause distortions in the input mix, in the sense of inefficient usage of resources.We consider a particular homogeneous functional form for representing the potential distortions in the input factor quantities in the context of...

According to Daniel Kahneman (2011), our thinking process is based on two systems: system 1 operates automatically and quickly, with little awareness of voluntary control, system2 operates slowly and constructs thoughts in a logic order. System 1 processes actually emotional knowledge using our...

The XXI century has brought along radical transformations in the way the society as a whole is organized and in particular in the way of organization of the university world. For the universities, this transformation/ change process is not a new item; as time flowed these institutions have...

The Bologna process initiated a series of changes in the Romanian higher education structure, such that it will become comparable and compatible with the higher education systems from the other countries which signed the Bologna Declaration, in 1999. Implementing this process requirements and...

In the context of a sustainable economy, knowledge has gained more and more ground, becoming an invaluable resource, the competence to generate and apply new knowledge giving the company a source of competitive advantage. Thus, the understanding and managing of knowledge dynamics become vital...