Heuristics Or Profit Maximization

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Structure, Evidence, and Heuristic

Author : Armin W. Schulz
Publisher : Routledge
ISBN 13 : 1000067238
Total Pages : 241 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Structure, Evidence, and Heuristic by : Armin W. Schulz

Download or read book Structure, Evidence, and Heuristic written by Armin W. Schulz and published by Routledge. This book was released on 2020-04-22 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first systematic treatment of the philosophy of science underlying evolutionary economics. It does not advocate an evolutionary approach towards economics, but rather assesses the epistemic value of appealing to evolutionary biology in economics more generally. The author divides work in evolutionary economics into three distinct, albeit related, forms: a structural form, an evidential form, and a heuristic form. He then analyzes five examples of work in evolutionary economics falling under these three forms. For the structural form, he examines the parallelism between natural selection and economic decision making, and the parallelism between natural selection and market competition. For the evidential form, he looks at the relationship between animal and human economic decision making, and the evolutionary explanation of diversity in human economic decision making. Finally, for the heuristic form, he focuses on the plausibility of equilibrium modeling in evolutionary ecology and economics. In this way, he shows that linking evolutionary biology and economics can make for a powerful methodological tool that can enable progress in our understanding of various economics questions. Structure, Evidence, and Heuristic will be of interest to scholars and advanced students working in philosophy of science, philosophy of social science, evolutionary biology, and economics.

Non-Profit-Maximizing Behavior in Supply Chain Management

Author : Torsten Gully
Publisher : Springer
ISBN 13 : 3658240881
Total Pages : 189 pages
Book Rating : 4.6/5 (582 download)

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Book Synopsis Non-Profit-Maximizing Behavior in Supply Chain Management by : Torsten Gully

Download or read book Non-Profit-Maximizing Behavior in Supply Chain Management written by Torsten Gully and published by Springer. This book was released on 2019-02-05 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Non-profit-maximizing behavior in supply chain management focuses on the human component in supply chain management. It develops behavioral models that consider individual and social preferences of supply chain members in order to improve our understanding of actual decision-making in supply chain management. The author challenges the common assumption of a selfish homo economicus and introduces the human component in three experimental studies: In the first study, he examines the effect of individual risk preferences in the Newsvendor context. In the second study, a common group identity to overcome incentive conflicts in forecast sharing is studied. The third study explores underlying cognitive processes in contractual decision-making. Potential readership includes scholars and graduate students who are interested in the field of behavioral operations management and practitioners looking for behavioral aspects of decision making in supply chain management.

Profit Maximization Techniques for Operating Chemical Plants

Author : Sandip K. Lahiri
Publisher : John Wiley & Sons
ISBN 13 : 1119532159
Total Pages : 411 pages
Book Rating : 4.1/5 (195 download)

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Book Synopsis Profit Maximization Techniques for Operating Chemical Plants by : Sandip K. Lahiri

Download or read book Profit Maximization Techniques for Operating Chemical Plants written by Sandip K. Lahiri and published by John Wiley & Sons. This book was released on 2020-07-13 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: A systematic approach to profit optimization utilizing strategic solutions and methodologies for the chemical process industry In the ongoing battle to reduce the cost of production and increase profit margin within the chemical process industry, leaders are searching for new ways to deploy profit optimization strategies. Profit Maximization Techniques For Operating Chemical Plants defines strategic planning and implementation techniques for managers, senior executives, and technical service consultants to help increase profit margins. The book provides in-depth insight and practical tools to help readers find new and unique opportunities to implement profit optimization strategies. From identifying where the large profit improvement projects are to increasing plant capacity and pushing plant operations towards multiple constraints while maintaining continuous improvements—there is a plethora of information to help keep plant operations on budget. The book also includes information on: ● Take away methods and techniques for identifying and exploiting potential areas to improve profit within the plant ● Focus on latest Artificial Intelligence based modeling, knowledge discovery and optimization strategies to maximize profit in running plant. ● Describes procedure to develop advance process monitoring and fault diagnosis in running plant ● Thoughts on engineering design , best practices and monitoring to sustain profit improvements ● Step-by-step guides to identifying, building, and deploying improvement applications For leaders and technologists in the industry who want to maximize profit margins, this text provides basic concepts, guidelines, and step-by-step guides specifically for the chemical plant sector.

Theory of Profit with Islamic Directions

Author : Zubair Hasan
Publisher : Paragon Publishing
ISBN 13 : 1782224416
Total Pages : 194 pages
Book Rating : 4.7/5 (822 download)

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Book Synopsis Theory of Profit with Islamic Directions by : Zubair Hasan

Download or read book Theory of Profit with Islamic Directions written by Zubair Hasan and published by Paragon Publishing. This book was released on 2016-07-08 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: THEORY OF PROFIT WITH ISLAMIC DIRECTIONS deals with a controversial and neglected, but nonetheless important subject. Readers will find the narration interesting and innovative, for it does not discuss profit theories of various writers separately in chronological order; instead, it identifies issues in the area and analyses the views of various writers on each to propose restructuring of the theory as per Islamic directions. The issues raised include the definition and seat of profit, the cause of its emergence and sources, the motivational aspects and their impact on allocation of resources and incomes distribution, the nature of profit and the regulatory policy role. The work concludes that the source of prevalent confusion on the subject lies in defining profit as a costs/revenues differential of firms and the insistence that it is exclusively attributable to the entrepreneurs who tend to be vanishing in the modern corporate era. For a reformulation of the theory to get rid of inconsistencies, the work suggests that profit should be viewed only as a cost/revenue differential delinked from reward; the firm – not the entrepreneur – should be the focal point for its study, the surplus beyond normal profit must be shared between capital and labour, subject to a minimum wage constraint, to promote social harmony and distributive justice. This book will appeal to the general reader who is looking for a lucid narration on a topic of common interest. Academics will find it interesting because of its historical updating and novelty of treatment. University students of economics will find this work an invaluable resource.

Metaheuristics

Author : Marc Sevaux
Publisher : Springer Nature
ISBN 13 : 3031629124
Total Pages : 404 pages
Book Rating : 4.0/5 (316 download)

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Book Synopsis Metaheuristics by : Marc Sevaux

Download or read book Metaheuristics written by Marc Sevaux and published by Springer Nature. This book was released on with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Foundation of Complex Evolving Economies

Author : Giovanni Dosi
Publisher : Oxford University Press
ISBN 13 : 0192865927
Total Pages : 753 pages
Book Rating : 4.1/5 (928 download)

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Book Synopsis The Foundation of Complex Evolving Economies by : Giovanni Dosi

Download or read book The Foundation of Complex Evolving Economies written by Giovanni Dosi and published by Oxford University Press. This book was released on 2023-05-02 with total page 753 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Foundation of Complex Evolving Systems seeks to offer an integrated analysis of the anatomy and physiology of the capitalist engine of generation and exploitation of technological organizational and institutional innovations - from the drivers of knowledge accumulation, to the modes in which such knowledge is incorporated into business firms, all the way to the processes of innovation-driven "Schumpeterian competition" and macroeconomic growth. In that, it advances the interpretation of such patterns, in terms of economies seen as complex evolving systems. The basic objects of analysis are the history of the emergence and development of modern capitalist economies and their current functionings. Indeed , the tall ambition of the book is to address two basic questions at the core of the whole economic discipline since its inception. They regard, first, the drivers and patterns of change of the capitalistic machine of production and innovation and, second, the mechanisms of coordination among a multitude of self-seeking economic agents often characterized by conflicting interests. In order to do that, this Manual, in addition to the nature of technology and innovation, considers from a profoundly alternative perspective, all domains of analysis typically addressed (or not) by microeconomic texts, including micro behaviours, the theory of the firm, the theory of production, consumption patterns, market dynamics, and industrial evolution.

Predictably Rational?

Author : Richard B. McKenzie
Publisher : Springer Science & Business Media
ISBN 13 : 3642015867
Total Pages : 319 pages
Book Rating : 4.6/5 (42 download)

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Book Synopsis Predictably Rational? by : Richard B. McKenzie

Download or read book Predictably Rational? written by Richard B. McKenzie and published by Springer Science & Business Media. This book was released on 2009-10-21 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mainstream economists everywhere exhibit an "irrational passion for dispassionate rationality." Behavioral economists, and long-time critic of mainstream economics suggests that people in mainstrean economic models "can think like Albert Einstein, store as much memory as IBM’s Big Blue, and exercise the will power of Mahatma Gandhi," suggesting that such a view of real world modern homo sapiens is simply wrongheaded. Indeed, Thaler and other behavioral economists and psychology have documented a variety of ways in which real-world people fall far short of mainstream economists' idealized economic actor, perfectly rational homo economicus. Behavioral economist Daniel Ariely has concluded that real-world people not only exhibit an array of decision-making frailties and biases, they are "predictably irrational," a position now shared by so many behavioral economists, psychologists, sociologists, and evolutionary biologists that a defense of the core rationality premise of modedrn economics is demanded.

Applications of Modern Heuristic Optimization Methods in Power and Energy Systems

Author : Kwang Y. Lee
Publisher : John Wiley & Sons
ISBN 13 : 1119602297
Total Pages : 896 pages
Book Rating : 4.1/5 (196 download)

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Book Synopsis Applications of Modern Heuristic Optimization Methods in Power and Energy Systems by : Kwang Y. Lee

Download or read book Applications of Modern Heuristic Optimization Methods in Power and Energy Systems written by Kwang Y. Lee and published by John Wiley & Sons. This book was released on 2020-04-14 with total page 896 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews state-of-the-art technologies in modern heuristic optimization techniques and presents case studies showing how they have been applied in complex power and energy systems problems Written by a team of international experts, this book describes the use of metaheuristic applications in the analysis and design of electric power systems. This includes a discussion of optimum energy and commitment of generation (nonrenewable & renewable) and load resources during day-to-day operations and control activities in regulated and competitive market structures, along with transmission and distribution systems. Applications of Modern Heuristic Optimization Methods in Power and Energy Systems begins with an introduction and overview of applications in power and energy systems before moving on to planning and operation, control, and distribution. Further chapters cover the integration of renewable energy and the smart grid and electricity markets. The book finishes with final conclusions drawn by the editors. Applications of Modern Heuristic Optimization Methods in Power and Energy Systems: Explains the application of differential evolution in electric power systems' active power multi-objective optimal dispatch Includes studies of optimization and stability in load frequency control in modern power systems Describes optimal compliance of reactive power requirements in near-shore wind power plants Features contributions from noted experts in the field Ideal for power and energy systems designers, planners, operators, and consultants, Applications of Modern Heuristic Optimization Methods in Power and Energy Systems will also benefit engineers, software developers, researchers, academics, and students.

The General Theory

Author : Professor Geoffrey Harcourt
Publisher : Routledge
ISBN 13 : 1134824211
Total Pages : 840 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis The General Theory by : Professor Geoffrey Harcourt

Download or read book The General Theory written by Professor Geoffrey Harcourt and published by Routledge. This book was released on 2006-08-23 with total page 840 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keynes always intended to write 'footnotes' to his masterwork The General Theory, which would take account of the criticisms made of it and allow him to develop and refine his ideas further. However, a number of factors combined to prevent him from doing so before his death in 1946. A wide range of Keynes scholars - including James Tobin, Paul Davidson and Lord Skidelsky - have written here the 'footnotes' that Keynes never did.

Combinatorial Optimization

Author : A. Ridha Mahjoub
Publisher : Springer
ISBN 13 : 364232147X
Total Pages : 488 pages
Book Rating : 4.6/5 (423 download)

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Book Synopsis Combinatorial Optimization by : A. Ridha Mahjoub

Download or read book Combinatorial Optimization written by A. Ridha Mahjoub and published by Springer. This book was released on 2012-07-05 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the thoroughly refereed post-conference proceedings of the Second International Symposium on Combinatorial Optimization, ISCO 2012, held in Athens, Greece, in April 2012. The 37 revised full papers presented together with 4 invited talks were carefully reviewed and selected from 94 regular and 30 short submissions. They present original research on all aspects of combinatorial optimization, ranging from mathematical foundations and theory of algorithms to computational studies and practical applications.

Handbook of Approximation Algorithms and Metaheuristics

Author : Teofilo F. Gonzalez
Publisher : CRC Press
ISBN 13 : 1420010743
Total Pages : 1434 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Handbook of Approximation Algorithms and Metaheuristics by : Teofilo F. Gonzalez

Download or read book Handbook of Approximation Algorithms and Metaheuristics written by Teofilo F. Gonzalez and published by CRC Press. This book was released on 2007-05-15 with total page 1434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Delineating the tremendous growth in this area, the Handbook of Approximation Algorithms and Metaheuristics covers fundamental, theoretical topics as well as advanced, practical applications. It is the first book to comprehensively study both approximation algorithms and metaheuristics. Starting with basic approaches, the handbook presents the methodologies to design and analyze efficient approximation algorithms for a large class of problems, and to establish inapproximability results for another class of problems. It also discusses local search, neural networks, and metaheuristics, as well as multiobjective problems, sensitivity analysis, and stability. After laying this foundation, the book applies the methodologies to classical problems in combinatorial optimization, computational geometry, and graph problems. In addition, it explores large-scale and emerging applications in networks, bioinformatics, VLSI, game theory, and data analysis. Undoubtedly sparking further developments in the field, this handbook provides the essential techniques to apply approximation algorithms and metaheuristics to a wide range of problems in computer science, operations research, computer engineering, and economics. Armed with this information, researchers can design and analyze efficient algorithms to generate near-optimal solutions for a wide range of computational intractable problems.

A "second Edition" of The General Theory

Author : Geoffrey Colin Harcourt
Publisher : Psychology Press
ISBN 13 : 9780415149426
Total Pages : 838 pages
Book Rating : 4.1/5 (494 download)

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Book Synopsis A "second Edition" of The General Theory by : Geoffrey Colin Harcourt

Download or read book A "second Edition" of The General Theory written by Geoffrey Colin Harcourt and published by Psychology Press. This book was released on 1997 with total page 838 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Web Information Systems Engineering – WISE 2007

Author : Boualem Benatallah
Publisher : Springer
ISBN 13 : 3540769935
Total Pages : 689 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis Web Information Systems Engineering – WISE 2007 by : Boualem Benatallah

Download or read book Web Information Systems Engineering – WISE 2007 written by Boualem Benatallah and published by Springer. This book was released on 2007-11-07 with total page 689 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the proceedings of the 8th International Conference on Web Information Systems Engineering, WISE 2007, held in Nancy, France, in December 2007. The papers are organized in topical sections on querying, trust, caching and distribution, interfaces, events and information filtering, data extraction, transformation, and matching, ontologies, rewriting, routing, and personalisation, agents and mining, QOS and management, modeling, and topics.

Facets of Behaviormetrics

Author : Akinori Okada
Publisher : Springer Nature
ISBN 13 : 9819922402
Total Pages : 335 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis Facets of Behaviormetrics by : Akinori Okada

Download or read book Facets of Behaviormetrics written by Akinori Okada and published by Springer Nature. This book was released on 2023-09-17 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited book is the first one written in English that deals comprehensively with behavior metrics. The term “behaviormetrics” comprehends the research including all sorts of quantitative approaches to disclose human behavior. Researchers in behavior metrics have developed, extended, and improved methods such as multivariate statistical analysis, survey methods, cluster analysis, machine learning, multidimensional scaling, corresponding analysis or quantification theory, network analysis, clustering, factor analysis, test theory, and related factors. In the spirit of behavior metrics, researchers applied these methods to data obtained by surveys, experiments, or websites from a diverse range of fields. The purpose of this book is twofold. One is to represent studies that display how the basic elements of behavior metrics have developed into present-day behavior metrics. The other is to represent studies performed mainly by those who would like to pioneer new fields of behavior metrics and studies that display elements of future behavior metrics. These studies consist of various characteristics such as those dealing with theoretical or conceptual subjects, the algorithm, the model, the method, and the application to a wide variety of fields. This book helps readers to understand the present and future of behavior metrics.

Metaheuristics:

Author : Toshihide Ibaraki
Publisher : Springer Science & Business Media
ISBN 13 : 0387253831
Total Pages : 419 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis Metaheuristics: by : Toshihide Ibaraki

Download or read book Metaheuristics: written by Toshihide Ibaraki and published by Springer Science & Business Media. This book was released on 2006-03-30 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: Metaheuristics: Progress as Real Problem Solvers is a peer-reviewed volume of eighteen current, cutting-edge papers by leading researchers in the field. Included are an invited paper by F. Glover and G. Kochenberger, which discusses the concept of Metaheuristic agent processes, and a tutorial paper by M.G.C. Resende and C.C. Ribeiro discussing GRASP with path-relinking. Other papers discuss problem-solving approaches to timetabling, automated planograms, elevators, space allocation, shift design, cutting stock, flexible shop scheduling, colorectal cancer and cartography. A final group of methodology papers clarify various aspects of Metaheuristics from the computational view point.

Real-World Decision Making

Author : Morris Altman
Publisher : Bloomsbury Publishing USA
ISBN 13 : 1440828164
Total Pages : 532 pages
Book Rating : 4.4/5 (48 download)

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Book Synopsis Real-World Decision Making by : Morris Altman

Download or read book Real-World Decision Making written by Morris Altman and published by Bloomsbury Publishing USA. This book was released on 2015-06-23 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first and only encyclopedia to focus on the economic and financial behaviors of consumers, investors, and organizations, including an exploration of how people make good—and bad—economic decisions. Traditional economic theories speculate how and when people should spend money. But consumers don't always behave as expected and often adopt strategies that might appear unorthodox yet are, at times, more effective than the rule prescribed by conventional wisdom. This groundbreaking text examines the ways in which people make financial decisions, whether it is because they are smart but atypical in their choices ... or just irrational decision makers. A leading authority on behavioral economics, Morris Altman and more than 150 expert contributors delve into key concepts in behavioral economics, economic psychology, behavioral finance, neuroeconomics, experimental economics, and institutional economics to help inform economic models based on reality, not theory. Through 250 informative entries, the book explores various aspects of the subject including decision making, economic analysis, and public policy. In addition to introducing concepts to readers new to the subject, the book sheds light on more advanced financial topics in a manner that is objective, comprehensive, and accessible.

Precision agriculture '13

Author : John V. Stafford
Publisher : Springer
ISBN 13 : 9086867782
Total Pages : 770 pages
Book Rating : 4.0/5 (868 download)

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Book Synopsis Precision agriculture '13 by : John V. Stafford

Download or read book Precision agriculture '13 written by John V. Stafford and published by Springer. This book was released on 2013-09-04 with total page 770 pages. Available in PDF, EPUB and Kindle. Book excerpt: Precision agriculture is now 'main stream' in agriculture and is playing a key role as the industry comes to terms with the environment, market forces, quality requirements, traceability, vehicle guidance and crop management. Research continues to be necessary and needs to be reported and disseminated to a wide audience. This book contains peer reviewed papers presented at the 9th European Conference on Precision Agriculture, held in Lleida, Spain. The papers reflect the wide range of disciplines that impinge on precision agriculture: technology, crop science, soil science, agronomy, information technology, decision support, remote sensing and others. The broad range of research topics reported will be a valuable resource for researchers, advisors, teachers and professionals in agriculture long after the conference has finished.