Your Waterstones card is changing, introducing...
TELL ME MORE
Efficiency versus Sustainability in Dynamic Decision Making: Advances in Intertemporal Compromising - Lecture Notes in Economics and Mathematical Systems 520 (Paperback)
  • Efficiency versus Sustainability in Dynamic Decision Making: Advances in Intertemporal Compromising - Lecture Notes in Economics and Mathematical Systems 520 (Paperback)
zoom

Efficiency versus Sustainability in Dynamic Decision Making: Advances in Intertemporal Compromising - Lecture Notes in Economics and Mathematical Systems 520 (Paperback)

(author)
£83.50
Paperback 254 Pages / Published: 23/07/2002
  • We can order this

Usually despatched within 3 weeks

  • This item has been added to your basket
To all who taught me, and to all who will. Over the past fifteen years the notions of efficiency and sustainability have, more than any others, influenced the academic and public discussion concerning the intertemporal allocation of resources, especially as regards the economics of growth and environment. This treatise formally develops and counterposes these notions by means of the construct of a trajectorial objective, which is here developed, along with its implications, as a natural advance upon the classical scalar objective. In the course of this study it becomes clear that efficiency and sustainability are by no means identical, given that efficiency, on the one hand, is the concept for avoiding wasteful behavior, and sustainability, on the other, is the concept for ensuring that certain critical aspiration levels, which usually reflect the wish for survival, are maintained. Nonetheless, contrary to what may be assumed, these two concepts do not generally yield mutually exclusive solutions; in fact, they can be combined to complement each other in the quest for unimprovable long-term solutions which sustain given and necessary aspiration levels. This treatise develops and analyzes dynamic decision models (DDM) with one trajectorial objective according to the methodology of multi- criteria decision making (MCDM). Moreover, introducing the method of distance maximization crucially augments MCDM and proves to be invaluable for DDMs in the case of a nonexistent utopia trajectory as well as in the case of sustainability as objective.

Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN: 9783540439066
Number of pages: 254
Weight: 840 g
Dimensions: 235 x 155 x 14 mm
Edition: 2002 ed.

You may also be interested in...

Mathematical Economics
Added to basket
Statistics for Business and Economics
Added to basket
PreMBA Analytical Primer
Added to basket
Economics After the Crisis
Added to basket
Mostly Harmless Econometrics
Added to basket
The Skeptical Environmentalist
Added to basket
Introductory Econometrics
Added to basket
Introductory Econometrics for Finance
Added to basket
Introductory Econometrics for Finance
Added to basket
Almost All about Unit Roots
Added to basket
Econometrics For Dummies
Added to basket
Inequality and Instability
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.