"In this book business dynamics refers to a combination of business management and financial objectives embedded in a dynamical system model. The model is subject to a control that optimizes a performance index that takes both management and finance into account. The central idea in this book is...

This paper studies a continuous time dynamic system with a random persistence parameter. The exact discrete time representation is obtained and related to several discrete time random coefficient models currently in the literature. The model distinguishes various forms of unstable and explosive...

"Production planning, operations and control are being transformed by digitization, creating opportunities for automation of decision making, reduction of delays in making and implementing decisions, and significant improvement of production system performance. Meanwhile, to remain competitive,...

In this paper, we discuss the models of continuous dynamics on the 2-simplex that arise when different qualitative restrictions are imposed on the (continuous) functions that generate the dynamics on the 2-simplex. We consider three types of qualitative restrictions: inequality (or...

We provide an axiomatic analysis of dynamic random utility, characterizing the stochastic choice behavior of agents who solve dynamic decision problems by maximizing some stochastic process (U_t) of utilities. We show first that even when (U_t) is arbitrary, dynamic random utility imposes new...

System resilience is the ability for complex, dynamic-adaptive socio-technical systems to absorb and rebound from trauma or stress, and to avoid "jousting with dragons" where results are uncertain and often fatal. In a safety context, the term "dragons" originates from Professor David Woods at...

Under dynamic random utility, an agent (or population of agents) solves a dynamic decision problem subject to evolving private information. We analyze the fully general and non-parametric model, axiomatically characterizing the implied dynamic stochastic choice behavior. A key new feature...

System resilience is the ability for complex, dynamic-adaptive socio-technical systems to absorb and rebound from trauma or stress, and to avoid "jousting with dragons" where results are uncertain and often fatal. In a safety context, the term "dragons" originates from Professor David Woods at...

The mathematical literature has developed a large pool of topological concepts and theorems for dynamic systems analysis. The aim of our paper is to make a first step towards the application of these concepts and theorems in the analysis of (long-run) structural change (in the three-sector...

We investigate the impact of information sharing between rivals in a dynamic auction with asymmetric information. Firms bid in sequential auctions to obtain inputs. Their inventory of inputs, determined by the results of past auctions, are privately known state variables that determine bidding...

We investigate the impact of information sharing between rivals in a dynamic auction with asymmetric information. Firms bid in sequential auctions to obtain inputs. Their inventory of inputs, determined by the results of past auctions, are privately known state variables that determine bidding...

Dynamical systems -- Deterministic linear systems -- Deterministic nonlinear systems -- Stochastic difference equations -- Markov processes -- Ergodic theory and stationary processes -- Dynamic optimization -- Markov decision process model -- Finite-horizon dynamic programming --...

Introduction: A Need of New Framework in Financial Planning with the Case of Life Insurance Demand -- Theoretical Background: A New Theoretical Framework for Financial Planning with the Case of Life Insurance Demand -- Literature Review: Previous Literature for Understanding Life Insurance and...

I Introduction -- II From Reproduction To Evolution (1 Reproduction as Basic Perspective of Political Economy 2 Reproduction of What? 3 Subjects and Needs as Ontological Concept 4 Selection, Adaptation, and Innovation in Evolutionary Process 5 Evolutionary Rationality?)Appendix: Fisher's Theorem...

This book focuses on the latest advances in nonlinear dynamic modeling in economics and finance, mainly—but not solely—based on the description of strategic interaction by using concepts and methods from dynamic and evolutionary game theory. The respective chapters cover a range of...

Introduction: A Need of New Framework in Financial Planning with the Case of Life Insurance Demand -- Theoretical Background: A New Theoretical Framework for Financial Planning with the Case of Life Insurance Demand -- Literature Review: Previous Literature for Understanding Life Insurance and...

The Introduction to the Symposium Issue on “Dynamic Contract and Mechanism Design” of the Journal of Economic Theory provides an overview of the dynamic mechanism design literature. We then introduce the papers that are contained in the Symposium issue and finally conclude by discussing...

There are major differences in regulation among various countries. A particular case is the difference between the EU and US in regulating biotechnology. We develop a formal and dynamic model of government decision-making on regulation. We show that minor differences in consumer preferences can...

Ein wirkungsvolles Instrument für gelingendes Change Management, fundiert und nachvollziehbar dargestellt mit vielen Fallbeispielen. Dieses Buch zeigt anschaulich, wie systemische Aufstellungen als Instrument der Organisations- und Personalentwicklung genutzt werden können und somit den Aufbau...

Übersichtliche Lehrbuchdarstellung zu einem aktuellen theoretischen Thema, insbesondere auch als "Grundlagenforschung" für das Kapitalmarktgeschehen. Aus dem Inhalt: Einleitung. Starkes und schwaches Kausalitätsprinzip. Einführung notwendiger Grundbegriffe. Eingrenzung des Begriffes "Chaos"....

This is the first book to comprehensively examine the asymptotic behavior of dynamic monopolies, duopolies, and oligopolies where firms face information and implementation delays. It considers discrete and continuous timescales, continuously distributed delays, as well as single and multiple...

Providing new knowledge on risk analysis and simulation for megaprojects, this book is essential reading for both academics and practitioners. Its focus is on technical descriptions of a newly developed dynamic systems approach to megaproject risk analysis and simulation.

Providing new knowledge on risk analysis and simulation for megaprojects, this book is essential reading for both academics and practitioners. Its focus is on technical descriptions of a newly developed dynamic systems approach to megaproject risk analysis and simulation. This is backed up by a...

This book covers the broad spectrum of system dynamics methodologies for the modelling and simulation of complex systems: systems thinking, causal diagrams, systems structure of stock and flow diagrams, parameter estimation and tests for confidence building in system dynamics models. It includes...