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Economics is a science which studies human behaviours as a
relationship between ends and scarce means which have alternative
uses. Since economic resources are scarce, optimisation forms an
integral part in the study of economics. In addition, in the
presence of imperfect market structure, externalities, imperfect
information or public goods, the market fails to provide an
efficient allocation mechanism. Optimisation of economic activities
provides an effective remedial measure for market failures. This
contributed volume collects advances in the studies of economics
and optimisation. Contributions cover areas on analysis of optimal
allocation of economic resources, economic optimisation techniques,
the interface economics and optimisation, optimisation under market
mechanism and history of development of optimisation techniques.
The studies assembled in this volume are dedicated to the memory of
a pioneering researcher and Nobel Laureate in the field of economic
optimisation -- Leonid Vitalyevich Kantorovich. In his 100th
birthday tribute in 2012, the International Conference Mathematics,
Economic, Management: Kantorovich-100 in St-Petersburg was held in
his memory. Selected papers from the conference are included in
this Volume. In addition, contributed papers from authors who had
worked closely with Kantorovich are also contained.
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