Author: Michael R. Baye
Publisher: Springer Science & Business Media
ISBN: 3642465870
Category : Business & Economics
Languages : en
Pages : 126
Book Description
This material is based upon work supported by the National Science Foundation under grant #SES-8410190. Any opinions, findings, and conclusions or recommendations expressed in this publication are those of the authors and do not necessari~y reflect the views of the National Science Foundation. This support was crucial to the completion of this project, and we are grateful for it. As is usually the case when doing academic research, we are also indebted to a number of individuals. Robert Gillingham, John Greenlees, Jack Triplett, and Paul Harte-Chen freely gave of their time to share their ideas concerning income-based cost of living indices. Seminar participants at the BLS, the University of Karlsruhe, and Tilburg University provided insightful comments on preliminary portions of the manuscript. Bill Stober provided encouragement, and Desmond Lo and Albert Tsui read parts of the manuscript. We owe a special thanks to Bert Balk for providing detailed handwritten comments on a preliminary draft. Evelyn Buchanan and Audrey Abel did an excellent job of typing and retyping numerous drafts of the manuscript. Finally, a very warm thanks to our wives, for enduring. CONTENTS Page PREFACE PART I.
Consumer Behavior, Cost of Living Measures, and the Income Tax
Author: Michael R. Baye
Publisher: Springer Science & Business Media
ISBN: 3642465870
Category : Business & Economics
Languages : en
Pages : 126
Book Description
This material is based upon work supported by the National Science Foundation under grant #SES-8410190. Any opinions, findings, and conclusions or recommendations expressed in this publication are those of the authors and do not necessari~y reflect the views of the National Science Foundation. This support was crucial to the completion of this project, and we are grateful for it. As is usually the case when doing academic research, we are also indebted to a number of individuals. Robert Gillingham, John Greenlees, Jack Triplett, and Paul Harte-Chen freely gave of their time to share their ideas concerning income-based cost of living indices. Seminar participants at the BLS, the University of Karlsruhe, and Tilburg University provided insightful comments on preliminary portions of the manuscript. Bill Stober provided encouragement, and Desmond Lo and Albert Tsui read parts of the manuscript. We owe a special thanks to Bert Balk for providing detailed handwritten comments on a preliminary draft. Evelyn Buchanan and Audrey Abel did an excellent job of typing and retyping numerous drafts of the manuscript. Finally, a very warm thanks to our wives, for enduring. CONTENTS Page PREFACE PART I.
Publisher: Springer Science & Business Media
ISBN: 3642465870
Category : Business & Economics
Languages : en
Pages : 126
Book Description
This material is based upon work supported by the National Science Foundation under grant #SES-8410190. Any opinions, findings, and conclusions or recommendations expressed in this publication are those of the authors and do not necessari~y reflect the views of the National Science Foundation. This support was crucial to the completion of this project, and we are grateful for it. As is usually the case when doing academic research, we are also indebted to a number of individuals. Robert Gillingham, John Greenlees, Jack Triplett, and Paul Harte-Chen freely gave of their time to share their ideas concerning income-based cost of living indices. Seminar participants at the BLS, the University of Karlsruhe, and Tilburg University provided insightful comments on preliminary portions of the manuscript. Bill Stober provided encouragement, and Desmond Lo and Albert Tsui read parts of the manuscript. We owe a special thanks to Bert Balk for providing detailed handwritten comments on a preliminary draft. Evelyn Buchanan and Audrey Abel did an excellent job of typing and retyping numerous drafts of the manuscript. Finally, a very warm thanks to our wives, for enduring. CONTENTS Page PREFACE PART I.
Consumer Behavior, Cost of Living Measures, and the Income Tax
Author: Michael R. Baye
Publisher: Springer Verlag
ISBN: 9780387167978
Category : Business & Economics
Languages : en
Pages : 0
Book Description
Publisher: Springer Verlag
ISBN: 9780387167978
Category : Business & Economics
Languages : en
Pages : 0
Book Description
Bootstrapping and Related Techniques
Author: Karl-Heinz Jöckel
Publisher: Springer Science & Business Media
ISBN: 3642488501
Category : Mathematics
Languages : en
Pages : 231
Book Description
This book contains 30 selected, refereed papers from an in- ternational conference on bootstrapping and related techni- ques held in Trier 1990. Thepurpose of the book is to in- form about recent research in the area of bootstrap, jack- knife and Monte Carlo Tests. Addressing the novice and the expert it covers as well theoretical as practical aspects of these statistical techniques. Potential users in different disciplines as biometry, epidemiology, computer science, economics and sociology but also theoretical researchers s- hould consult the book to be informed on the state of the art in this area.
Publisher: Springer Science & Business Media
ISBN: 3642488501
Category : Mathematics
Languages : en
Pages : 231
Book Description
This book contains 30 selected, refereed papers from an in- ternational conference on bootstrapping and related techni- ques held in Trier 1990. Thepurpose of the book is to in- form about recent research in the area of bootstrap, jack- knife and Monte Carlo Tests. Addressing the novice and the expert it covers as well theoretical as practical aspects of these statistical techniques. Potential users in different disciplines as biometry, epidemiology, computer science, economics and sociology but also theoretical researchers s- hould consult the book to be informed on the state of the art in this area.
User-Oriented Methodology and Techniques of Decision Analysis and Support
Author: Jaap Wessels
Publisher: Springer Science & Business Media
ISBN: 3662225875
Category : Business & Economics
Languages : en
Pages : 308
Book Description
This book presents selected papers from an international workshop devoted tothe theory, techniques and tools of decision analysis and support. Major trends in the development of this field are stressed, such as the tendency to place the final user of a decision support system in the center of attention, or an emerging connection between tools and software environments for modeling and for decision support. The volume is acontinuation of the reports on earlier meetings which were published in the same series.
Publisher: Springer Science & Business Media
ISBN: 3662225875
Category : Business & Economics
Languages : en
Pages : 308
Book Description
This book presents selected papers from an international workshop devoted tothe theory, techniques and tools of decision analysis and support. Major trends in the development of this field are stressed, such as the tendency to place the final user of a decision support system in the center of attention, or an emerging connection between tools and software environments for modeling and for decision support. The volume is acontinuation of the reports on earlier meetings which were published in the same series.
Generalized Convexity
Author: Sandor Komlosi
Publisher: Springer Science & Business Media
ISBN: 3642468020
Category : Business & Economics
Languages : en
Pages : 406
Book Description
Generalizations of the classical concept of a convex function have been proposed in various fields such as economics, management science, engineering, statistics and applied sciences during the second half of this century. In addition to new results in more established areas of generalized convexity, this book presents several important developments in recently emerging areas. Also, a number of interesting applications are reported.
Publisher: Springer Science & Business Media
ISBN: 3642468020
Category : Business & Economics
Languages : en
Pages : 406
Book Description
Generalizations of the classical concept of a convex function have been proposed in various fields such as economics, management science, engineering, statistics and applied sciences during the second half of this century. In addition to new results in more established areas of generalized convexity, this book presents several important developments in recently emerging areas. Also, a number of interesting applications are reported.
Sequential Binary Investment Decisions
Author: Werner Jammernegg
Publisher: Springer Science & Business Media
ISBN: 364246646X
Category : Business & Economics
Languages : en
Pages : 167
Book Description
This book describes some models from the theory of investment which are mainly characterized by three features. Firstly, the decision-maker acts in a dynamic environment. Secondly, the distributions of the random variables are only incompletely known at the beginning of the planning process. This is termed as decision-making under conditions of uncer tainty. Thirdly, in large parts of the work we restrict the analysis to binary decision models. In a binary model, the decision-maker must choose one of two actions. For example, one decision means to undertake the invest ·ment project in a planning period, whereas the other decision prescribes to postpone the project for at least one more period. The analysis of dynamic decision models under conditions of uncertainty is not a very common approach in economics. In this framework the op timal decisions are only obtained by the extensive use of methods from operations research and from statistics. It is the intention to narrow some of the existing gaps in the fields of investment and portfolio analysis in this respect. This is done by combining techniques that have been devel oped in investment theory and portfolio selection, in stochastic dynamic programming, and in Bayesian statistics. The latter field indicates the use of Bayes' theorem for the revision of the probability distributions of the random variables over time.
Publisher: Springer Science & Business Media
ISBN: 364246646X
Category : Business & Economics
Languages : en
Pages : 167
Book Description
This book describes some models from the theory of investment which are mainly characterized by three features. Firstly, the decision-maker acts in a dynamic environment. Secondly, the distributions of the random variables are only incompletely known at the beginning of the planning process. This is termed as decision-making under conditions of uncer tainty. Thirdly, in large parts of the work we restrict the analysis to binary decision models. In a binary model, the decision-maker must choose one of two actions. For example, one decision means to undertake the invest ·ment project in a planning period, whereas the other decision prescribes to postpone the project for at least one more period. The analysis of dynamic decision models under conditions of uncertainty is not a very common approach in economics. In this framework the op timal decisions are only obtained by the extensive use of methods from operations research and from statistics. It is the intention to narrow some of the existing gaps in the fields of investment and portfolio analysis in this respect. This is done by combining techniques that have been devel oped in investment theory and portfolio selection, in stochastic dynamic programming, and in Bayesian statistics. The latter field indicates the use of Bayes' theorem for the revision of the probability distributions of the random variables over time.
Economic Evolution and Demographic Change
Author: Günter Haag
Publisher: Springer Science & Business Media
ISBN: 3642488080
Category : Business & Economics
Languages : en
Pages : 424
Book Description
The articles collected in this volume have two features in common: they wantto integrate economics, demography and geography, and they want to overcome the stationary approach in modelling in favour of a dynamic one. The book is subdivided into three parts, where Part I is focussing on economic evolution, Part II on geographical development and Part III is related to demographic change. The present volume aims at providing a new look at this triangle in view of the classical background of discussions by introducing new research ideas focussing in nonlinear dynamics and stochastic modelling. Thus the main purpose of this book is to make a contribution to the interdisciplinary work needed to integrate the effortsbetween these three research fields and to serve as a research source in demonstrating the current state of art in dynamic modelling. The book isaddressed to social scientists in general, and those in particular with a background in economics, geographics and demographics. It should also be of interest to mathematicians, physicists, and systems analysts interested in model building and applications of nonlinear dynamics.
Publisher: Springer Science & Business Media
ISBN: 3642488080
Category : Business & Economics
Languages : en
Pages : 424
Book Description
The articles collected in this volume have two features in common: they wantto integrate economics, demography and geography, and they want to overcome the stationary approach in modelling in favour of a dynamic one. The book is subdivided into three parts, where Part I is focussing on economic evolution, Part II on geographical development and Part III is related to demographic change. The present volume aims at providing a new look at this triangle in view of the classical background of discussions by introducing new research ideas focussing in nonlinear dynamics and stochastic modelling. Thus the main purpose of this book is to make a contribution to the interdisciplinary work needed to integrate the effortsbetween these three research fields and to serve as a research source in demonstrating the current state of art in dynamic modelling. The book isaddressed to social scientists in general, and those in particular with a background in economics, geographics and demographics. It should also be of interest to mathematicians, physicists, and systems analysts interested in model building and applications of nonlinear dynamics.
Modern Methods of Optimization
Author: Werner Krabs
Publisher: Springer Science & Business Media
ISBN: 3662028514
Category : Business & Economics
Languages : en
Pages : 358
Book Description
This volume contains the proceedings of the summer school "Modern Methods of Optimization", held at the Schlof3 Thurnau of the University of Bayreuth, October 1-6, 1990. Like other branches of applied mathematics the area of optimization is undergoing a rapid development since the beginning of the computer age. Optimizaiton methods are of increasing importance for both, science and industry. The aim of the summer school was to present state-of-the-art knowledge by inviting 12 specialists from Op timization (and related fields) to present their areas of activity in the form of survey talks. This volume contains 10 of these presentations in slightly extended form. Most lectures started from an undergraduate level and outlinad the developments up to the latest scientifique achievements. This enabled the audience, consisting of about 45 students and young researchers, to get an excellent overview of the latest trends in Optimization as w~ll as a grasp of the breadth of its potential applications. Equally important to the success of the summer school was the "nonmeasurable" part of the activities inherent in such a summer school. Here the inspiring atmosphere of a place like Thurnau helped to establish numerous contacts between "teachers" and "students". The summer school was organized by the Universitii. t Bayreuth together with the Technische Hochschule Darmstadt and was generously sponsored by the Volkswagen stiftung and the Universitii. tsverein Bayreuth. Their interest in the meeting and their support is hereby gratefully acknowledged.
Publisher: Springer Science & Business Media
ISBN: 3662028514
Category : Business & Economics
Languages : en
Pages : 358
Book Description
This volume contains the proceedings of the summer school "Modern Methods of Optimization", held at the Schlof3 Thurnau of the University of Bayreuth, October 1-6, 1990. Like other branches of applied mathematics the area of optimization is undergoing a rapid development since the beginning of the computer age. Optimizaiton methods are of increasing importance for both, science and industry. The aim of the summer school was to present state-of-the-art knowledge by inviting 12 specialists from Op timization (and related fields) to present their areas of activity in the form of survey talks. This volume contains 10 of these presentations in slightly extended form. Most lectures started from an undergraduate level and outlinad the developments up to the latest scientifique achievements. This enabled the audience, consisting of about 45 students and young researchers, to get an excellent overview of the latest trends in Optimization as w~ll as a grasp of the breadth of its potential applications. Equally important to the success of the summer school was the "nonmeasurable" part of the activities inherent in such a summer school. Here the inspiring atmosphere of a place like Thurnau helped to establish numerous contacts between "teachers" and "students". The summer school was organized by the Universitii. t Bayreuth together with the Technische Hochschule Darmstadt and was generously sponsored by the Volkswagen stiftung and the Universitii. tsverein Bayreuth. Their interest in the meeting and their support is hereby gratefully acknowledged.
Estimation of Simultaneous Equation Models with Error Components Structure
Author: Jayalakshmi Krishnakumar
Publisher: Springer Science & Business Media
ISBN: 3642456472
Category : Business & Economics
Languages : en
Pages : 371
Book Description
Economists can rarely perform controlled experiments to generate data. Existing information in the form of real-life observations simply has to be utilized in the best possible way. Given this, it is advantageous to make use of the increasing availability and accessibility of combinations of time-series and cross-sectional data in the estimation of economic models. But such data call for a new methodology of estimation and hence for the development of new econometric models. This book proposes one such new model which introduces error components in a system of simultaneous equations to take into account the temporal and cross-sectional heterogeneity of panel data. After a substantial survey of panel data models, the newly proposed model is presented in detail and indirect estimations, full information and limited information estimations, and estimations with and without the assumption of normal distribution errors. These estimation methods are then applied using a computer to estimate a model of residential electricity demand using data on American households. The results are analysed both from an economic and from a statistical point of view.
Publisher: Springer Science & Business Media
ISBN: 3642456472
Category : Business & Economics
Languages : en
Pages : 371
Book Description
Economists can rarely perform controlled experiments to generate data. Existing information in the form of real-life observations simply has to be utilized in the best possible way. Given this, it is advantageous to make use of the increasing availability and accessibility of combinations of time-series and cross-sectional data in the estimation of economic models. But such data call for a new methodology of estimation and hence for the development of new econometric models. This book proposes one such new model which introduces error components in a system of simultaneous equations to take into account the temporal and cross-sectional heterogeneity of panel data. After a substantial survey of panel data models, the newly proposed model is presented in detail and indirect estimations, full information and limited information estimations, and estimations with and without the assumption of normal distribution errors. These estimation methods are then applied using a computer to estimate a model of residential electricity demand using data on American households. The results are analysed both from an economic and from a statistical point of view.
Batching and Scheduling
Author: Carsten Jordan
Publisher: Springer Science & Business Media
ISBN: 3642484034
Category : Business & Economics
Languages : en
Pages : 191
Book Description
In some manufacturing systems significant setups are required to change production from one type of products to another. The setups render the manufacturing system inflexible as for reacting to changes in demand patterns, hence inventories must be maintained to guarantee an acceptable customer service. In this environment, production scheduling faces a number of problems, and this work deals with mathematical models to support the scheduling decisions. Some more background and motivation is given in the following sections, as well as in a case description in Section 1. 3. The synopsis in Section 1. 4 outlines the topics of the work. 1. 1 Motivation of the Planning Problem Consider the production of metal sheets in a rolling mill. If the width of the next type of sheets is greater than the width of the preceding type, then the roll needs a setup: during the rolling process the edges of a sheet cause grooves on the rolls' surface, thus, the surface must be polished if a greater width is run next. Sheets with a smaller width can be run directly, without a setup. Another example in which setups are sequence dependent is a line where cars are sprayed: if the color of the paint changes, the cleaning of the tools requires a setup depending on the sequence of the colors. Only a small setup may be needed for changing from a light to a dark color, but a thorough cleaning of the tools is 2 CHAPTER 1.
Publisher: Springer Science & Business Media
ISBN: 3642484034
Category : Business & Economics
Languages : en
Pages : 191
Book Description
In some manufacturing systems significant setups are required to change production from one type of products to another. The setups render the manufacturing system inflexible as for reacting to changes in demand patterns, hence inventories must be maintained to guarantee an acceptable customer service. In this environment, production scheduling faces a number of problems, and this work deals with mathematical models to support the scheduling decisions. Some more background and motivation is given in the following sections, as well as in a case description in Section 1. 3. The synopsis in Section 1. 4 outlines the topics of the work. 1. 1 Motivation of the Planning Problem Consider the production of metal sheets in a rolling mill. If the width of the next type of sheets is greater than the width of the preceding type, then the roll needs a setup: during the rolling process the edges of a sheet cause grooves on the rolls' surface, thus, the surface must be polished if a greater width is run next. Sheets with a smaller width can be run directly, without a setup. Another example in which setups are sequence dependent is a line where cars are sprayed: if the color of the paint changes, the cleaning of the tools requires a setup depending on the sequence of the colors. Only a small setup may be needed for changing from a light to a dark color, but a thorough cleaning of the tools is 2 CHAPTER 1.