Optimization Methods for a Stakeholder Society: A Revolution in Economic Thinking by Multi-objective Optimization / Edition 1

Optimization Methods for a Stakeholder Society: A Revolution in Economic Thinking by Multi-objective Optimization / Edition 1

by W.K. Brauers
     
 

For both public and private managers, the book Optimization Methods for a Stakeholder Society is today's key to answer the problem of a sustainable development world. This world has to take into account the meaning of all stakeholders involved and has to reconcile a number of objectives, such as economic growth, employment and preservation of the ecosystem.

See more details below

Overview

For both public and private managers, the book Optimization Methods for a Stakeholder Society is today's key to answer the problem of a sustainable development world. This world has to take into account the meaning of all stakeholders involved and has to reconcile a number of objectives, such as economic growth, employment and preservation of the ecosystem. Traditional methods, such as cost-benefit, are outmoded as they translate all these objectives into monetary costs, a materialistic approach. On the contrary, objectives have rather to stick to their own units, eventually indicators. The author is in favor of the use of nonlinear methods in multi-objective optimization. Therefore, several nonlinear approaches are proposed, illustrated with many applications from different fields such as: privatization in the public sector, regional versus national economic policy in a country, location of a seaport, arms procurement, industrialization of a developing country, updating or replacement of old industry, pre- and post-evaluation of projects, performance management, marketing and distribution.

Read More

Product Details

ISBN-13:
9781402076817
Publisher:
Springer US
Publication date:
11/30/2003
Series:
Nonconvex Optimization and Its Applications (closed) Series, #73
Edition description:
2004
Pages:
342
Product dimensions:
9.21(w) x 6.14(h) x 0.81(d)

Meet the Author

Table of Contents

Introduction1
Pt. 1The Link with More Traditional Economics
Ch. 1New economics against the history of economic thought9
Ch. 2Success and shortcomings of econometric models17
Pt. 2The Advent of New Economics
Ch. 1Creative and prospective thinking37
Ch. 2Simulation and Sensitivity Analysis65
Ch. 3Scenario Writing71
Pt. 3New Economics for a Stakeholder Society
Ch. 1Introduction to multiple objective utility theory87
Ch. 2Some traditional methods to approach the problem of multiple objectives111
Ch. 3Multifarious comparisons for objectives and attributes125
Ch. 4The indifference method139
Ch. 5How to optimize in a stakeholder society?147
Pt. 4Reference Point Theory a Method to Compare until Now Incomparable Alternatives
Ch. 1Reference point theory as a solution for multiobjective utility151
Ch. 2Project planning, analysis and evaluation171
Ch. 3Reference point theory in seaport planning189
Ch. 4Privatization and reference point theory205
Ch. 5Marketing with multiple objectives for consumer goods with applications for a department store215
Pt. 5A Multiplicative Form for Multiobjective Optimization
Ch. 1The multiplicative representation of multiobjective optimization227
Ch. 2The multiplicative representation in scenarios for an optimal economic policy in Belgium247
Ch. 3An application for arms procurement261
Ch. 4Multiplicative representation and project planning for a developing country267
Ch. 5An optimal input-output structure for a developing country such as Tanzania281
Pt. 6Ratio Analysis a Separate Method for Multiple Objectives Optimization?
Ch. 1Mechanical methods and multiobjective optimization293
Ch. 2Ratio analysis for a department store297
Ch. 3Ratio analysis for arms procurement311
Ch. 4Ratio analysis and project planning for a developing country317
Ch. 5Conclusions on ratio systems323
Ch. 6General conclusions of the book329
Index337

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >