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We numerically solve the classical "Game of Pure Strategy" using linear programming. We notice an intricate even-odd behaviour in the results of our computations that seems to encourage odd or maximal bids.
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Combining concrete policy-oriented modeling strategies of World War II with what was received as traditional neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning "design" model that served many different purposes. As a working object it enabled...
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As the energy market has grown in importance in recent decades, researchers have paid increasing attention to swing option contracts. Early studies evaluated the swing contract as if it were a financial derivative contract, by ignoring its storage constraints. Aided by recent advances in...
Persistent link: https://www.econbiz.de/10013273599
Purpose Ethiopia’s energy sector faces critical challenges to meeting steadily increasing energy demand given limited infrastructure, heavy reliance on hydroelectric power and underdevelopment of alternative energy resources. The purpose of this paper was to identify optimal least cost...
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Proper planning and management of irrigation is vital in achieving food security for the burgeoning global population and sustaining livelihoods. Because irrigated agriculture is expected to provide more food, if managed properly. The comprehensive reviews on the use of various programming...
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This paper describes theNeighbourhood Search, an effectivemethod that we suggest for constructing Pareto sets in multiple objective problems with conegenerated orders. TheNeighbourhood Search is then applied to discounted Markov Decision Processes, resulting in original statements about...
Persistent link: https://www.econbiz.de/10010848013
This paper describes theNeighbourhood Search, an effectivemethod that we suggest for constructing Pareto sets in multiple objective problems with conegenerated orders. TheNeighbourhood Search is then applied to discounted Markov Decision Processes, resulting in original statements about...
Persistent link: https://www.econbiz.de/10010950383