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Efficiency versus Sustainability in Dynamic Decision Making - Advances in Intertemporal Compromising (Paperback, 2002 ed.) Loot Price: R1,478
Discovery Miles 14 780
Repayment Terms: R139 pm x 12*
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Efficiency versus Sustainability in Dynamic Decision Making - Advances in Intertemporal Compromising (Paperback, 2002 ed.):...

Efficiency versus Sustainability in Dynamic Decision Making - Advances in Intertemporal Compromising (Paperback, 2002 ed.)

Bodo Glaser

Series: Lecture Notes in Economics and Mathematical Systems, 520

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Loot Price R1,478 Discovery Miles 14 780 | Repayment Terms: R139 pm x 12*

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This book develops and analyzes dynamic decision models (DDM) with one trajectoral objective according to the methodology of multi-criteria decision making (MCDM). Moreover, DDMs which concomitantly pursue multiple objectives are analyzed, with special emphasis given to hybrid models with scalar and trajectorial objectives as well as models with multiple trajectorial objectives. Introducing the method of distance maximization crucially augments MCDM and proves to be invaluable for DDMs with nonexistent utopia trajectory or with sustainability as objective. The notions of efficiency and sustainability are formally developed and counterposed by means of the construct of trajectorial objective, which is presented here, along with its implications, as a natural advance upon the classical scalar objective.

General

Imprint: Springer-Verlag
Country of origin: Germany
Series: Lecture Notes in Economics and Mathematical Systems, 520
Release date: July 2002
First published: 2002
Authors: Bodo Glaser
Dimensions: 235 x 155 x 14mm (L x W x T)
Format: Paperback
Pages: 254
Edition: 2002 ed.
ISBN-13: 978-3-540-43906-6
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Economics > Econometrics > General
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LSN: 3-540-43906-4
Barcode: 9783540439066

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