Bøger i Lecture Notes in Economics and Mathematical Systems serien

Integrated supply chain planning is well understood by theory and widely applied in practice - however, only with respect to intra-organisational supply chains. Local planning procedures such as upstream planning, which are usually applied then, result in suboptimal solutions for the supply chain as a whole.

Simulation is used in economics to solve large econometric models, for large-scale micro simulations, and to obtain numerical solutions for policy design in top-down established models.

This volume consists of selected papers presented at the Ninth International Conference on Computer-Aided Scheduling of Public Transport. vehicle and crew scheduling and rostering; and practical experience with scheduling and public transport planning methods.

This volume on experimental economics offers both new research grounds and a bird's eye view on the field. In the second part, selected short papers by researchers from various disciplines present new ideas and concepts to solving problems in the real world.

This book addresses production and inventory management problems where products can be replaced by specified substitutes. It examines the development of graphical modeling approaches for substitution options and production planning models.

First, we show that combining Gibrat's law at all rm levels with random processes of rm's births and deaths yield Zipf's law under a "balance" condition between a rm's growth and death rate.

Thus, tools are presented for the explicit treatment of uncertainties using "synthetic" information composed of available "hard" data from historical observations, the results of possible experiments, and scientific facts, as well as "soft" data from experts' opinions, and scenarios.

Economists have more and more focused on scenarios in which agents' views of the world may be erroneous. This work includes notes which introduce the concept of perfect forecasting rules that provide best least-squares predictions along the evolution of an economic system.

Past cycles of sovereign lending and default suggest that debt crises will recur at some point. Surveying the sovereign bond market, the author provides investors with a useful toolkit for analyzing sovereign bonds and foreseeing trends in the international financial architecture.

The structure of this book follows the decision-making process of Original Equipment Manufacturers investigating the potential of closed loops, including fundamental questions managers must answer when planning a circular supply chain: Does a closed loop fit corporate objectives?

The primary objective of this book is to demonstrate that a firm's financing decisions depend among other things on bargaining power considerations, and to illustrate potential causes for this dependency.

Over the last decades, technological progress has brought about a multitude of standardization problems. Consisting of three models on various aspects of standardization and expectations, this book aims at deepening our understanding of how standards and expectations interact.

Artificial economics aims to provide a generative approach to understanding problems in economics and social sciences. The peer-reviewed contributions in this volume address applications of artificial economics to markets and trading, auctions, networks, management, industry sectors, macroeconomics, and demographics and culture.

Combines two areas of research: cooperative game theory and lot size optimization.

The effect of a change in the regulation regime is presented in the form of two studies: an international secondary analysis of the effects on cost of equity based on event studies of the Anglo-Saxon area and a primary analysis based on the Austrian regulation policy for electricity and gas supply systems.

Promotions are at the same time beloved and feared by both food retailers and branded goods manufacturers in today's retail environment. Based on a joint inventory and pricing model and an empirical analysis, it shows that the supply chain efficiency gains from collaborative promotions result in a win for customers, retailers and the manufacturer.

This book is based on presentations at AE'2006 (Aalborg, Denmark) - the second symposium on Artificial Economics. Coverage in this volume extends to well known questions of economics, like the existence of market efficiency, and to questions raised by new analytical tools, for example networks of social interaction.

The attachment effect can hinder effective negotiation. Parties are influenced by their subjective expectations formed on account of the exchange of offers, they form reference points, and loss aversion potentially leads to a change of preferences when expectations change.

This book analyzes revenue management (RM) problems with flexible products and RM in broadcasting companies. In addition, it contains descriptions of algorithms to generate stochastic demand data streams for general RM problems.

This book revises the well-known capacity control problem in revenue management from the perspective of a risk-averse decision-maker. Modelling an expected utility maximizing decision maker, the problem is formulated as a risk-sensitive Markov decision process. Special emphasis is put on the existence of structured optimal policies.

This book reconciles the existence of technical trading with the Efficient Market Hypothesis. By analyzing a well-known agent-based model, the Santa Fe Institute Artificial Stock Market (SFI-ASM), it finds that when selective forces are weak, financial evolution cannot guarantee that only the fittest trading rules will survive.

The book presents a computation of the minimum endowment which restores economic viability and derives the dynamic laws that regulate both transactions and price fluctuations. The target audience primarily comprises open-minded and mathematically interested economists but the book may also be beneficial for graduate students.

This monograph deals with theoretical and practical aspects of creating course timetables at academic institutions. The book presents an exposition of the basic combinatorial problems and solution methods for course timetabling and related tasks.

If, in addition, all buyers are retailers (i.e., they resell the goods purchased in the analyzed market in a retail market) then the equilibrium vector of the quantities sold in the retail market is sold with the lowest possible selling costs.

It consists of three parts: MCDM Foundation and Theory, MCDM Methodology, and MCDM Applications. In Part I, it covers the historical MCDM development, the influence of MCDM on technology, society and policy, Pareto optimization, and analytical hierarchy process.

This book provides a game theoretic model of interaction among VoIP telecommunications providers regarding their willingness to enter peering agreements with one another.

Artificial economics is a computational approach that aims to explain economic systems by modeling them as societies of intelligent software agents. The individual agents make autonomous decisions, but their actual behaviors are constrained by available resources, other individuals' behaviors, and institutions.

The determinants of yield curve dynamics have been thoroughly discussed in finance models. it enables policy makers to develop new guidelines for monetary policy and for financial supervision of how to cope with evolving financial imbalances.

One might expect that after their identification in the 19th century, all aspects of Giffen goods would have been studied by now. In the past, surprisingly few goods could be categorized as "Giffen." This may be because of a lack of understanding of the character of these goods.