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Modelling our Changing World (Palgrave Texts in Econometrics)
by David F. Hendry Jennifer L. CastleThis open access book focuses on the concepts, tools and techniques needed to successfully model ever-changing time-series data. It emphasizes the need for general models to account for the complexities of the modern world and how these can be applied to a range of issues facing Earth, from modelling volcanic eruptions, carbon dioxide emissions and global temperatures, to modelling unemployment rates, wage inflation and population growth.Except where otherwise noted, this book is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0.
Modelling the Efficiency of Family and Hired Labour: Illustrations from Nepalese Agriculture (Routledge Revivals)
by Prem Jung ThapaThis title was first published in 2003.The principal economic units in most developing countries are family based farm households. Empirical models that recognize the dual role of the farm household as producer and consumer in a theoretically consistent manner are essential tools for policy analyses. This book provides an important extension of the conventional farm household model by developing an analytical framework that allows for efficiency differences between family and hired labour as inputs in farm production. The model is estimated with survey data from the southern lowland region of Nepal. The estimation strategy is a two-step process. The first step estimates a farm-level production function in which is embedded a test for heterogeneity between family and hired labour. The labour heterogeneity detected in the production function estimation is incorporated, at the second step, in the labour supply estimation in a theoretically consistent manner. The methodological novelty is to relate the shadow wage rate for family labour to the observed market wage rate for hired labour, adjusted for the differential productivity of family and hired labour detected in the production function estimation.
Modelling the Energy Transition: Cultures, Visions, Narratives (Poetics of Modelling)
by Klaus Stierstorfer Robert Matthias Erdbeer Veit HagenmeyerThis open access book reconfigures Energy Transition as a global discourse from a multidisciplinary perspective. Energy Transition is not only one of the most daring technological endeavours of the present, it is also its new master narrative. Focusing on modelling both as a cultural technique and as a strategy of innovation, the chapters provided in this volume throw into relief the visions, but also the blind spots of modelling the challenges of climate change. Thus, in a rare encounter, major voices from the Sciences and the Humanities, from Energy Systems Design, Mechanical Engineering, Theory of Science, Science and Technology Studies, Literary Studies and the Arts, have gathered here to overcome the cultural divide between the technological and the societal dimensions of this global task. In doing so, they offer a new form of model criticism, pointing to the impacts of what may be termed the ‘Energy Imaginary’ on the technosocial mindsets of our time.
Modelling the Middle Ages: The History and Theory of England's Economic Development
by Mark Bailey John HatcherAuthors examine the structure and test the validity of these conflicting models from a variety of perspectives. In the course of their investigations they provide not only detailed reconstructions of the economic history of England in the middle ages and sustained critical commentaries on the work of leading historians, but also discussions of the philosophy and methods of history and the social sciences.
Modelling the Socio-Economic Implications of Sustainability Issues in the Housing Market: A Stated Choice Experimental Approach
by Clinton Aigbavboa Wellington Thwala Solomon Pelumi Akinbogun Trynos GumboThis book discusses sustainable housing issues in urban areas throughout the Global South, revealing their complexity in terms of urban dynamics, housing markets and human interactions with the environment. Its main focus is on the location of graves within private residences, cemeteries in the immediate vicinity of private residences, and the implications of these factors for renters’ choices and rents. The book addresses the economics of land use for graves in connection with housing choices and the implications for the rented sector of the property market. By means of several model-based simulations, it demonstrates that the neoclassical economics remedy to the negative externality of graves in or near private residences remains generally unacceptable. Providing readers with a clear understanding of tenants’ priorities in their choice of housing, as well as a new approach to the negative externality of graves in the rented sector, the book will be of interest to policymakers, urban planners, investors in residential housing and land economists alike.
Modelling the Stress-Strain Relationship in Work Settings (Routledge Progress in Psychology)
by Meni KoslowskyMeni Koslowsky presents here for the first time a way of modelling stress-strain that will enable researchers to both assess examples from the literature and correctly define and use the model in their own investigations. All stages from construction of the model to data analysis are covered, along with possible pitfalls.This book enables investigators to develop and test models for describing stress phenomena in their own settings. It provides an essential research tool for all those who assess stress and strain in their working lives.
Modelling with the Master Equation: Solution Methods and Applications in Social and Natural Sciences
by Günter HaagThis book presents the theory and practical applications of the Master equation approach, which provides a powerful general framework for model building in a variety of disciplines. The aim of the book is to not only highlight different mathematical solution methods, but also reveal their potential by means of practical examples.Part I of the book, which can be used as a toolbox, introduces selected statistical fundamentals and solution methods for the Master equation. In Part II and Part III, the Master equation approach is applied to important applications in the natural and social sciences.The case studies presented mainly hail from the social sciences, including urban and regional dynamics, population dynamics, dynamic decision theory, opinion formation and traffic dynamics; however, some applications from physics and chemistry are treated as well, underlining the interdisciplinary modelling potential of the Master equation approach. Drawing upon the author’s extensive teaching and research experience and consulting work, the book offers a valuable guide for researchers, graduate students and professionals alike.
Modelling, Computation and Optimization in Information Systems and Management Sciences: Proceedings of the 4th International Conference on Modelling, Computation and Optimization in Information Systems and Management Sciences - MCO 2021 (Lecture Notes in Networks and Systems #363)
by Hoai An Le Thi Hoai Minh Le Tao Pham DinhThe proceedings consist of 34 papers which have been submitted to the 4th international conference on Modelling, Computation & Optimization in Information Systems and Management Science (MCO 2021) held on 11-13 December, 2021 at Hanoi, Vietnam. The book is composed of 3 parts: Optimization of complex systems - models and methods, Machine Learning - algorithms and applications, and Cryptography. All chapters in the books discuss theoretical and algorithmic as well as practical issues connected with modelling, computation & optimization in Information Systems and Management Science. Researchers and practitioners in related areas will find a wealth of inspiring ideas and useful tools & techniques for their own work.
Models and Methods for Interval-Valued Cooperative Games in Economic Management
by Deng-Feng LiThis book proposes several commonly used interval-valuedsolution concepts of interval-valued cooperative games with transferable utility. It thoroughly investigates these solutions,thereby establishing the properties, models, methods, and applications. Thefirst chapter proposes the interval-valued least square solutions and quadraticprogramming models, methods, and properties. Next, the satisfactory-degree-basednon-linear programming models for computing interval-valued cores andcorresponding bisection algorithm are explained. Finally, the book explores severalsimplification methods of interval-valued solutions: the interval-valued equal division and equalsurplus division values; the interval-valued Shapley, egalitarian Shapley, and discountedShapley values; the interval-valued solidarity and generalized solidarity values;and the interval-valued Banzhaf value. This book is designed for individuals fromdifferent fields and disciplines, such as decision science, game theory, managementscience, operations research, fuzzy sets or fuzzy mathematics, appliedmathematics, industrial engineering, finance, applied economics, expert system,and social economy as well as artificial intelligence. Moreover, it is suitablefor teachers, postgraduates, and researchers from different disciplines:decision analysis, management, operations research, fuzzy mathematics, fuzzysystem analysis, applied mathematics, systems engineering, project management,supply chain management, industrial engineering, applied economics, and hydrologyand water resources.
Models and Methods for Management Science (Management for Professionals)
by Hao ZhangThis textbook introduces systems science as an entry point to present a basic introduction to research models and methods in management science (operation research). This textbook selects the classic quantitative models and methods as well as rich cases and detailed examples, which are suitable for students with a certain management and economics knowledge for further study, and helps to develop the abilities of using the basic models in real life.
Models and Methods in Economics and Management Science
by Fouad El Ouardighi Konstantin KoganWith this book, distinguished and notable contributors wish to honor Professor Charles S. Tapiero's scientific achievements. Although it covers only a few of the directions Professor Tapiero has taken in his work, it presents important modern developments in theory and in diverse applications, as studied by his colleagues and followers, further advancing the topics Tapiero has been investigating. The book is divided into three parts featuring original contributions covering the following areas: general modeling and analysis; applications to marketing, economy and finance; and applications to operations and manufacturing. Professor Tapiero is among the most active researchers in control theory; in the late sixties, he started to enthusiastically promote optimal control theory along with differential games, successfully applying it to diverse problems ranging from classical operations research models to finance, risk and insurance, marketing, transportation and operations management, conflict management and game theory, engineering, regional and urban sciences, environmental economics, and organizational behavior. Over the years, Professor Tapiero has produced over 300 papers and communications and 14 books, which have had a major impact on modern theoretical and applied research. Notable among his numerous pioneering scientific contributions are the use of graph theory in the behavioral sciences, the modeling of advertising as a random walk, the resolution of stochastic zero-sum differential games, the modeling of quality control as a stochastic competitive game, and the development of impulsive control methods in management. Charles Tapiero's creativity applies both in formulating original issues, modeling complex phenomena and solving complex mathematical problems.
Models for Energy Policy (Routledge New International Studies in Economic Modelling #Vol. 1)
by Jean-Baptiste Lesourd Jacques Percebois François ValetteEnergy policy is a key area in each of the world's economies. The oil shocks of the 1970's emphasised how important energy had become. In recent years a growing awareness of environmental issues has had a major impact on perceptions of energy use as growing numbers of people express concern at the relationship between energy and the greenhouse effect, acid rain and the depletion of the ozone layer. All of this has created a demand for more, and better, models of energy use.
Models for Multidisciplinary Arrangements: A State-By-State Review of Options (APA Practitioner's Toolbox Series)
by Will Mcdermott Emory McdermottAs a result of the expansion in insurance coverage for mental health care services, a substantial percentage of Americans have third-party insurance for professional psychological services. Increasingly, however, this development is creating significant problems for psychologists as more payers are limiting patients' ability to choose their own therapists as well as the number of treatment sessions that will be covered. This book discusses options for mental health professionals on a state-by-state basis, as well as limitations. Good reference tool for mental health professionals.
Models for Optimum Decision Making: Crude Oil Production and Refining (International Series in Operations Research & Management Science #286)
by Katta G. MurtyThis book considers the problem of determining how many barrels of crude oil an oil-producing and exporting country should produce annually for export―along with several other important problems that decision-makers in the crude oil industry face―and discusses procedures for finding optimum solutions for them. It considers the important Objective Functions they need in making these critical decisions, and discusses procedures to find the best solutions. Outputs from the treatment units, in an oil refinery are only semi-finished products; these are blended into finished products like gasoline, diesel oil, etc., meeting various specifications that the marketplace demands. The book discusses models for solving these problems optimally with examples.
Models for Practical Routing Problems in Logistics
by Sanjay Mohapatra K. Ganesh S. P. AnbuudayasankarThis book deals with complex variants of Travelling Salesman Problem (TSP) and Vehicle Routing Problem (VRP) within the manufacturing and service industries. The objective is to develop heuristics for these supply chain problems in order to offer practical solutions to improve operational efficiency. These heuristics are evaluated using benchmark and derived data-sets. Case studies pertaining to logistics in different industries including textile machinery manufacturing and banking are also included to demonstrate the created heuristics. High competition in today's global market has forced the organizations to invest in and focus on their logistics system. The critical function of logistics is the transportation within and across various supply chain entities. Both supply and distribution procedure require effective transportation management. A small improvement in routing problems can lead to huge logistics savings in absolute terms. This book should appeal to executives, researchers and consultants seeking supply chain management solutions.
Models for Sustainable Framework in Luxury Fashion: Luxury And Models (Textile Science And Clothing Technology Ser.)
by Subramanian Senthilkannan MuthuThis book highlights the models developed to create a sustainable framework suitable for luxury in the textile sector and the innovative attempts in the luxury fashion and fabrics industry. The three chapters in this book discuss these issues by means of case studies and the future of such models.
Models of Balance of Payments Constrained Growth
by Elias Soukiazis Pedro A. CerqueiraThis book extends Thirlwall's model and adapts its implications to the current problems facing developed and emerging economies. In this context, this book combines theoretical models and empirical applications, unveiling new results and highlighting the importance of the balance of payments as a constraint to growth.
Models of Capitalism in the European Union
by Beáta FarkasThis book uses comparative economic analysis to provide a common conceptual framework for all current European Union member states. Based on empirical investigation, the author identifies the Nordic, North-western, Mediterranean, and Central and Eastern models of capitalism on the threshold of the 2008 global financial and economic crisis. The chapters also examine the resulting institutional responses to the crisis and the methods of crisis management adopted by each member state. The analysis reveals that the crisis has not triggered radical institutional change but, instead, highlighted deep institutional differences not between the old and new member states, but between the Nordic, North-western, Mediterranean, and Central and Eastern European countries. These institutional differences are so significant that they require the rethinking of European integration theory. Models of Capitalism in the European Union serves as a useful handbook for academics, advanced students, policy-makers and advisors who are interested in European economic issues.
Models of Endowment Management: King's College, Cambridge
by Elena Corsi Luis M. Viceira David Chambers Elroy DimsonOne of the University of Cambridge's Colleges evaluates different asset management options for its endowment fund. The King's College, one of the constituent colleges of the University of Cambridge in the UK, had most of its endowment invested in equity index funds. Its committee was to discuss whether they should overhaul their investment strategy. The college had three options. One was to invest in a new pooled fund created by the University, in which other colleges were also investing, another was to invest through a private multi-asset investment firm also used by other colleges, Partners Capital, or remain in index funds.
Models of Futures Markets (Routledge Studies in the Modern World Economy)
by Barry A. GossThis volume presents an entirely new analysis of the economics of futures markets, that will be of interest to both specialists in the area and the generalist economist seeking a new perspective. Through a combination of theoretical investigation and empirical application, three important themes are explored: the gains from futures trading and the efforts of emerging markets to reap these benefits; rationality and rival hypotheses of trader behaviour, such as noise trading; and the effect of regulatory tools on price formation.
Models of Imperfect Information in Politics (Fundamentals Of Pure And Applied Economics Ser. #Vol. 6)
by R. CalvertSurveys the models of political phenomena that incorporate imperfect information, concentrating on 'full-rationality' approaches as opposed to bounded rationality models.
Models of Multiparty Electoral Competition (Fundamentals Of Pure And Applied Economics Ser.)
by K. ShepsleKenneth A. Shepsle surveys the formal literature on multiparty electoral competition.
Models of Opportunity
by Gerard George Adam J. BockEntrepreneurship is changing. Technology and social networks create a smaller world, but widen the opportunity horizon. Today's entrepreneurs build organisations and create value in entirely new ways and with entirely new tools. Rather than just exploit new ideas, innovative entrepreneurs design organisations to make sense of unlikely opportunities. The time has come to overhaul what we know about entrepreneurship and business models. Models of Opportunity links scholarly research on business models and organisational design to the reality of building entrepreneurial firms. It provides actionable advice based on a deeper understanding of how business models function and change. The six insights extend corporate strategy and entrepreneurship in a completely new direction. Case studies of innovative companies across industries demonstrate how visionary entrepreneurs achieve unexpected results. The insights, tools and cases, provide a fresh perspective on emerging trends in entrepreneurship, organisational change and high-growth firms.
Models of Political Economy
by Hannu NurmiModels of Political Economy will introduce students to the basic methodology of political economics. It covers all core theories as well as new developments including: decision theory game theory mechanism design games of asymmetric information. Hannu Nurmi's text will prove to be invaluable to all students who wish to understand this increasingly technical field.
Models of Proposal Planning and Writing
by Jeremy T. Miner Lynn E. MinerGrantseeking has become an increasingly competitive process. Beginning grantwriters sometimes assemble a collection of facts and present that information to grantmakers, hoping to receive support. However, sponsors rarely award grant funding just because a grantseeker supports a specific cause or works for a specific organization. Grantseekers must persuade sponsors to invest in their projects and organization. Successful grantseekers know that persuasion, not information, attracts funding. Persuasive proposals present a seamless argument that stands the test of reason, addresses psychological concerns, and connects project ideas to the values of the sponsor.