New efficiency theory refers to the various parametric and semi-parametric methods of estimating production and cost frontiers, which include data envelopment analysis (DEA) with its diverse applications in management science and operations research. This monograph develops and generalizes the...

I. Introductory problems -- 1. Stochastic optimization: examples and applications -- 2. Stochastic optimization in linear economic models -- II. Linear quadratic models -- 3. Informetric analysis of dynamic decision rules in applied economic models. -- 4. Optimal output—inventory decisions in...