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Dynamic Perspectives on Managerial Decision Making: Essays by Herbert Dawid, Karl F. Doerner, Gustav Feichtinger, Peter M. PDF

By Herbert Dawid, Karl F. Doerner, Gustav Feichtinger, Peter M. Kort, Andrea Seidl

ISBN-10: 3319391186

ISBN-13: 9783319391182

ISBN-10: 3319391208

ISBN-13: 9783319391205

This quantity collects learn papers addressing topical concerns in economics and administration with a selected specialize in dynamic types which permit to investigate and foster the choice making of corporations in dynamic complicated environments. The scope of the contributions levels from day-by-day operational demanding situations organisations face to strategic offerings in dynamic environments and the research of optimum development paths. the quantity additionally highlights contemporary methodological advancements within the parts of dynamic optimization, dynamic video games and meta-heuristics, which aid to enhance our realizing of (optimal) choice making in a quick evolving economy.

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Extra info for Dynamic Perspectives on Managerial Decision Making: Essays in Honor of Richard F. Hartl

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If the decision is to eradicate, then control should be very aggressive, using truly massive levels of both enforcement and treatment relative to the number of users to drive prevalence down as quickly as possible. P. Caulkins and G. , linearly with a positive intercept). So the total level of drug control spending should grow as the epidemic matures, but spending per user would decline. Of all the interventions, optimal spending on primary prevention is least dependent on the stage of the epidemic.

0/ such that an individual’s choice depends not only on the payoffs but also on the initial conditions. An unstable steady state is necessary (but not sufficient) for the existence of different long run outcomes. J/, which is equivalent to a negative determinant, det J < 0; for details see Appendix. 1 The Case of Unique Equilibrium Given the nonlinear two states optimal control problem (thus a four-dimensional phase space of states and co-states) one has to recourse to numerical methods. The following examples focus on multiple equilibria.

For example, O’Brien and Hapgood (2012) use an evolutionary model based on a logistic equation and its modification in order to explain disadvantage of females in scientific career. Their basic assumption is the necessity for woman to work part-time (especially in the period of child bearing), and this prolongs the moment of reaching critical scientific mass of individual research output described by the logistic curve. While this model explains the disparity between males and females in their research careers, this is not the only heterogeneity that should be addressed.

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Dynamic Perspectives on Managerial Decision Making: Essays in Honor of Richard F. Hartl by Herbert Dawid, Karl F. Doerner, Gustav Feichtinger, Peter M. Kort, Andrea Seidl


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