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eBook Empirical production analysis and optimal technological choice for economists : a dynamic programming approach ePub

eBook Empirical production analysis and optimal technological choice for economists : a dynamic programming approach ePub

by Judy A. Whitehead

  • ISBN: 0566071053
  • Subcategory: No category
  • Author: Judy A. Whitehead
  • Publisher: Avebury (1990)
  • ePub book: 1288 kb
  • Fb2 book: 1556 kb
  • Other: lit mobi txt doc
  • Rating: 4.6
  • Votes: 599

Description

A conditional choice probability (CCP) estimator of a dynamic empirical model solves both a dynamic programming .

A conditional choice probability (CCP) estimator of a dynamic empirical model solves both a dynamic programming problem and a maximum likelihood problem. The estimator can dispatch the former problem before tackling the latter when the utility function is linearly parameterized, otherwise it must nest the former within the latter. Dynamic Random Subjective Expected Utility (DR-SEU) allows to model choice data observed from an agent or a population of agents whose beliefs about objective payoff-relevant states and tastes can both evolve stochastically.

The dynamics of the optimal lifetime is investigated analytically and numerically under technological .

The dynamics of the optimal lifetime is investigated analytically and numerically under technological change in the cases of one and several technological breakthroughs. It is shown that the breakthroughs cause irregularities (anticipation echoes) in the asset lifetime before the breakthrough time. We formulate the sequential decision (keep, overhaul, or replace) problem as a dynamic programming model and obtain an optimal policy that minimizes total cost over T. Numerical examples are presented using several hypothetical data sets to illustrate the structure of optimal solution and its sensitivity against the change in parameter values.

Are you sure you want to remove Empirical production analysis and optimal . a dynamic programming approach. by Judy A. Whitehead.

Are you sure you want to remove Empirical production analysis and optimal technological choice for economists from your list? Empirical production analysis and optimal technological choice for economists. Published 1990 by Avebury in Aldershot, Brookfield, USA. Appropriate technology, Costs, Dynamic programming, Manufacturing processes. Includes bibliographical references (p. 305-311) and index.

Technological change (TC) or technological development, is the overall process of invention, innovation and diffusion of technology or processes

Technological change (TC) or technological development, is the overall process of invention, innovation and diffusion of technology or processes

1995) programming ns production analysis in different time periods is illustrated Balvers and Economic OECD countries Offers insight . Production function is one way to assess productivity and is widely used by economists

Production function is one way to assess productivity and is widely used by economists.

How do coupons change demand? MICROECONOMICS: AN INTUITIVE APPROACH WITH CALCULUS explains the economic theory underlying day-to-day choices. The A sections of each chapter introduce concepts using intuition, a conversational writing style, everyday examples, and graphs.

Dynamic Economics" is the sort of book I wish I had written. Unlike other recent work in this area, Adda and Cooper's book discusses econometric methods for estimating the unknown parameters of these models as well as summarizing some of the most promising computational methods for solving them.

21 Uciński, . A Dynamic Programming Approach to Sensor Trajectory Design. for Parameter Estimation of Spatiotemporal Systems. Strong mathematical statement of problem of choice for the optimal activities for a model with non-adequate results of experiments was developed by . That program was lectured in the State Institute of rare metals and semiconductors (GIREDMET), in the Moscow Institute of Chemical Technology named by . Mendeleev, on Chemical Faculty of Moscow State University. Broader version of the program included 64 hours of lectures and 40 hours of exercises.

W. W. Norton & Company has been independent since its founding in 1923, when William Warder Norton and Mary D. Herter Norton rst published lec-tures delivered at the People’s Institute, the adult education division of New York City’s Cooper Union. The rm soon expanded its program beyond the In-stitute, publishing books by celebrated academics from America and abroad. I think that this approach manages to convey the idea that calculus is not just a footnote to the argument of the text, but is instead a deeper way to examine the same issues that one can also explore verbally and graphically. The Production of the Book.