Simulation is a powerful tool for modeling complex systems with intricate relationships between various entities and resources. Simulation optimization refers to methods that search the design space (i.e., the set of all feasible system configurations) to find a system configuration (also called...

The idea that people adapt to poverty and deprivation by suppressing their wants, hopes and aspirations has gained a lot of currency in development ethics.  While the 'adaptation problem' is often cited as one of the primary arguments for abandoning utility based concepts of well-being in...

This paper applies a framework which addresses the vagueness of poverty. The `core poor` are those who are unambiguously poor. In applying the framework we use Sen`s capability approach and results from a recent survey. These results suggest that some South Africans set tough standards for...

Over the last decade Amartya`s Sen`s Capability Approach (CA) has emerged as the leading alternative to standard economic frameworks for thinking about poverty, inequality and human development generally. In countless articles and several books that tackle a range of economic, social and ethical...