Increasing efficiency in generating national income and improving equity in its distribution among economic agents is at the forefront of priorities of most modern economies. This book presents a model which aims to maximize a symmetrical welfare function under certain constrain…
The presented work combines two areas of research: cooperative game theory and lot size optimization. One of the most essential problems in cooperations is to allocate cooperative profits or costs among the partners. The core is a well known method from cooperative game theory t…
Towards the Future of Fuzzy Logic
This book provides readers with a snapshot of the state-of-the art in fuzzy logic. Throughout the chapters, key theories developed in the last fifty years as well as important applications to practical problems are presented and discussed from different perspectives, as the auth…
This book describes a system of mathematical models and methods that can be used to analyze real economic and managerial decisions and to improve their effectiveness. Application areas include: management of development and operation budgets, assessment and management of economi…
This book examines empirical and theoretical research on economic inequality from the perspective of dynamic models. By using advanced mathematical tools, it reveals fundamental market dynamics and underlines the role of subsistence constraints and competition in economic distri…
The book is a benefit for graduate and postgraduate students in the areas of operations research, decision theory, optimization theory, linear algebra, interval analysis, and fuzzy sets. The book will also be useful for the researchers in the respective areas. The first part of …
This book deals with 20 voting procedures used or proposed for use in elections resulting in the choice of a single winner. These procedures are evaluated in terms of their ability to avoid five important paradoxes in a restricted domain, viz., when a Condorcet winner exists and…
This book presents the works and research findings of physicists, economists, mathematicians, statisticians, and financial engineers who have undertaken data-driven modelling of market dynamics and other empirical studies in the field of Econophysics. During recent decades, the …
Multiple Criteria Decision Analysis (MCDA) is the study of methods and procedures by which concerns about multiple conflicting criteria can be formally incorporated into the management planning process. A key area of research in OR/MS, MCDA is now being applied in many new areas…
Today it appears that we understand more about the universe than about our interconnected socio-economic world. In order to uncover organizational structures and novel features in these systems, we present the first comprehensive complex systems analysis of real-world ownership …
