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The relations between rationality and optimization have been widely discussed in the wake of Herbert Simon's work, with … the common conclusion that the rationality concept does not imply the optimization principle. The paper is partly … from optimization to rationality, which is accepted even by bounded rationality theorists. We discuss three topics in …
Persistent link: https://www.econbiz.de/10011114052
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We have analyzed the application of decision analysis and risk management tools to solve practical problems associated with Climate Change and Risk Detection in the financial services industry. Geoengineering, which is described as an intentional modification of earth’s environment to mitigate...
Persistent link: https://www.econbiz.de/10009429336
Drei große Reformenpakete und eine Reihe kleinerer Begleitmaßnahmen prägen das renten¬politische Erbe der rot-grünen Bundesregierung. Einerseits greifen sie Trends in der Reformpolitik seit Beginn der 90er Jahre auf. So verstärkt die Rentenstrukturreform 2001 beispielsweise die...
Persistent link: https://www.econbiz.de/10009433682
excellence has become a key issue. This book introduces a novel approach focusing on the autonomous optimization of business … Optimization. …
Persistent link: https://www.econbiz.de/10009434602
efficiently control these systems and to satisfy the different interests as good as possible, mathematical optimization models can … be used to support operational decisions. Common approaches for reservoir optimization apply linear optimization … volume in a reservoir or to account for the hydropower equation. When the non-linear equations form a non-convex optimization …
Persistent link: https://www.econbiz.de/10015194328
industrial loads to be able to reduce electricity consumption at any point in time, incentivize a flat demand level. Consequently …
Persistent link: https://www.econbiz.de/10013457858
In the traditional economic order quantity/economic production quantity model, most of the items considered are of perfect type. But this situation rarely takes place in practice. Thus, in this paper, an economic order quantity model with imperfect-quality items is developed....
Persistent link: https://www.econbiz.de/10013470809
The supplier selection and order allocation are two key strategic decisions in purchasing problem. The review presented in this paper focuses on the supplier selection problems (SSP) and order allocation from year 2000 to 2017 in which a new structure and classification of the existing research...
Persistent link: https://www.econbiz.de/10013470833