Academic literature on the topic 'Cost Optimality'

Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles

Select a source type:

Consult the lists of relevant articles, books, theses, conference reports, and other scholarly sources on the topic 'Cost Optimality.'

Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.

You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.

Journal articles on the topic "Cost Optimality"

1

Whang, Seungjin. "Cost Allocation Revisited: An Optimality Result." Management Science 35, no. 10 (1989): 1264–73. http://dx.doi.org/10.1287/mnsc.35.10.1264.

Full text
APA, Harvard, Vancouver, ISO, and other styles
2

Hernández-Lerma, O., J. C. Hennet, and J. B. Lasserre. "Average cost Markov Decision Processes: Optimality conditions." Journal of Mathematical Analysis and Applications 158, no. 2 (1991): 396–406. http://dx.doi.org/10.1016/0022-247x(91)90244-t.

Full text
APA, Harvard, Vancouver, ISO, and other styles
3

Faenza, Yuri, and Telikepalli Kavitha. "Quasi-Popular Matchings, Optimality, and Extended Formulations." Mathematics of Operations Research 47, no. 1 (2022): 427–57. http://dx.doi.org/10.1287/moor.2021.1139.

Full text
Abstract:
Let [Formula: see text] be an instance of the stable marriage problem in which every vertex ranks its neighbors in a strict order of preference. A matching [Formula: see text] in [Formula: see text] is popular if [Formula: see text] does not lose a head-to-head election against any matching. Popular matchings generalize stable matchings. Unfortunately, when there are edge costs, to find or even approximate up to any factor a popular matching of minimum cost is NP-hard. Let [Formula: see text] be the cost of a min-cost popular matching. Our goal is to efficiently compute a matching of cost at m
APA, Harvard, Vancouver, ISO, and other styles
4

Jiang, Xiaoyue, Kan Cheng, and Viliam Makis. "On the optimality of repair-cost-limit policies." Journal of Applied Probability 35, no. 4 (1998): 936–49. http://dx.doi.org/10.1239/jap/1032438389.

Full text
Abstract:
An optimal repair/replacement problem for a single-unit repairable system with minimal repair and random repair cost is considered. The existence of the optimal policy is established using results of the optimal stopping theory, and it is shown that the optimal policy is a ‘repair-cost-limit’ policy, that is, there is a series of repair-cost-limit functions gn(t), n = 1, 2,…, such that a unit of age t is replaced at the nth failure if and only if the repair cost C(n, t) ≥ gn(t); otherwise it is minimally repaired. If the repair cost does not depend on n, then there is a single repair cost limi
APA, Harvard, Vancouver, ISO, and other styles
5

Jiang, Xiaoyue, Kan Cheng, and Viliam Makis. "On the optimality of repair-cost-limit policies." Journal of Applied Probability 35, no. 04 (1998): 936–49. http://dx.doi.org/10.1017/s0021900200016648.

Full text
Abstract:
An optimal repair/replacement problem for a single-unit repairable system with minimal repair and random repair cost is considered. The existence of the optimal policy is established using results of the optimal stopping theory, and it is shown that the optimal policy is a ‘repair-cost-limit’ policy, that is, there is a series of repair-cost-limit functionsgn(t),n= 1, 2,…, such that a unit of agetis replaced at thenth failure if and only if the repair costC(n,t) ≥gn(t); otherwise it is minimally repaired. If the repair cost does not depend onn, then there is a single repair cost limit function
APA, Harvard, Vancouver, ISO, and other styles
6

Bettiol, Piernicola, and Nathalie Khalil. "Necessary optimality conditions for average cost minimization problems." Discrete & Continuous Dynamical Systems - B 24, no. 5 (2019): 2093–124. http://dx.doi.org/10.3934/dcdsb.2019086.

Full text
APA, Harvard, Vancouver, ISO, and other styles
7

Brauner, Nadia, Gerd Finke, Yakov Shafransky, and Dzmitry Sledneu. "Lawler’s minmax cost algorithm: optimality conditions and uncertainty." Journal of Scheduling 19, no. 4 (2015): 401–8. http://dx.doi.org/10.1007/s10951-014-0413-x.

Full text
APA, Harvard, Vancouver, ISO, and other styles
8

Thépot, Jacques, and Jean-Luc Netzer. "On the optimality of the full-cost pricing." Journal of Economic Behavior & Organization 68, no. 1 (2008): 282–92. http://dx.doi.org/10.1016/j.jebo.2008.04.007.

Full text
APA, Harvard, Vancouver, ISO, and other styles
9

Hahn, Minhi, and Jin-Sok Hyun. "Advertising Cost Interactions and the Optimality of Pulsing." Management Science 37, no. 2 (1991): 157–69. http://dx.doi.org/10.1287/mnsc.37.2.157.

Full text
APA, Harvard, Vancouver, ISO, and other styles
10

Kuo, Yueh-Cheng, and Tsung-Lin Lee. "Tracking local optimality for cost parameterized optimization problems." Computer Physics Communications 185, no. 2 (2014): 572–77. http://dx.doi.org/10.1016/j.cpc.2013.10.021.

Full text
APA, Harvard, Vancouver, ISO, and other styles
More sources

Dissertations / Theses on the topic "Cost Optimality"

1

Løtveit, Sjur Vullum. "Cost Optimality of Energy Systems in Zero Emission Buildings in Early Design Phase." Thesis, Norges teknisk-naturvitenskapelige universitet, Institutt for fysikk, 2013. http://urn.kb.se/resolve?urn=urn:nbn:no:ntnu:diva-23249.

Full text
Abstract:
The building sector accounts for a significant proportion of industrial countries total energy use, thus a cut in this sector has been regarded necessary to reach future climate goals. An important measure in this context is the introduction of zero emission buildings, buildings which can be defined as having a net zero annual energy demand. This master thesis is centered around finding cost optimal energy supply systems for zero emission buildings at an early stage of the building process. This thesis is closely linked to the Ådland project, currently the largest pilot project for the Re
APA, Harvard, Vancouver, ISO, and other styles
2

Barbado, Baranda Pablo. "Cost Optimality of Energy Systems in Zero Emission Buildings in Early Design Phase." Thesis, Norges teknisk-naturvitenskapelige universitet, Institutt for energi- og prosessteknikk, 2014. http://urn.kb.se/resolve?urn=urn:nbn:no:ntnu:diva-26088.

Full text
Abstract:
Abstract During the uncontrolled consumption period the building sector has come to account one of the greatest proportions of greenhouse gas emissions and energy use in industrial countries. In this context, European countries have decided to address the environmental challenge by promoting the use of renewable energies and the implementation of low energy consumption requirements. For these reasons, zero emission buildings, which have a net zero annual energy demand, were regarded as a possible solution. And everything points to believe that they will continue to be crucial in a recent fut
APA, Harvard, Vancouver, ISO, and other styles
3

Brown, Geoffrey L. "Nonlinear Locomotion: Mechanics, energetics, and optimality of walking in circles and other curved paths." The Ohio State University, 2012. http://rave.ohiolink.edu/etdc/view?acc_num=osu1339169797.

Full text
APA, Harvard, Vancouver, ISO, and other styles
4

Handford, Matthew Lawrence. "Simulating human-prosthesis interaction and informing robotic prosthesis design using metabolic optimization." The Ohio State University, 2018. http://rave.ohiolink.edu/etdc/view?acc_num=osu1539707296618987.

Full text
APA, Harvard, Vancouver, ISO, and other styles
5

Liang, Yifan. "Separation optimality and generalized source-channel coding for time-varying channels /." May be available electronically:, 2008. http://proquest.umi.com/login?COPT=REJTPTU1MTUmSU5UPTAmVkVSPTI=&clientId=12498.

Full text
APA, Harvard, Vancouver, ISO, and other styles
6

Brathwaite, Joy Danielle. "Value-informed space systems design and acquisition." Diss., Georgia Institute of Technology, 2011. http://hdl.handle.net/1853/43748.

Full text
Abstract:
Investments in space systems are substantial, indivisible, and irreversible, characteristics that make them high-risk, especially when coupled with an uncertain demand environment. Traditional approaches to system design and acquisition, derived from a performance- or cost-centric mindset, incorporate little information about the spacecraft in relation to its environment and its value to its stakeholders. These traditional approaches, while appropriate in stable environments, are ill-suited for the current, distinctly uncertain and rapidly changing technical, and economic conditions; as such,
APA, Harvard, Vancouver, ISO, and other styles
7

Brassard, Serge. "Méthodologie et modélisation floues des connaissances dans l'activité de conception en électrotechnique : application à la réalisation d'un système expert d'aide à la conception de l'appareillage électrique." Grenoble INPG, 1989. http://www.theses.fr/1989INPG0093.

Full text
Abstract:
La conception de l'appareillage électrique relève dune méthodologie généralement fort complexe. Les problèmes posés par la conception de l'appareillage électrique sont analysés et montrent l'inefficacité des méthodes mathématiques. Une approche ensembliste floue est exposée et permet de modéliser l'aspect heuristique du problème ainsi que les aspects scientifiques et industriels de la conception. Un système expert d'aide à la conception des disjoncteurs à arc tournant a été réalisé. Les résultats obtenus sont commentés et montrent l'intérêt d'une telle approche
APA, Harvard, Vancouver, ISO, and other styles
8

Cai, Jiatu. "Méthodes asymptotiques en contrôle stochastique et applications à la finance." Sorbonne Paris Cité, 2016. http://www.theses.fr/2016USPCC338.

Full text
Abstract:
Dans cette thèse, nous étudions plusieurs problèmes de mathématiques financières liés à la présence d’imperfections sur les marchés. Notre approche principale pour leur résolution est l’utilisation d’un cadre asymptotique pertinent dans lequel nous parvenons à obtenir des solutions approchées explicites pour les problèmes de contrôle associés. Dans la première partie de cette thèse, nous nous intéressons à l’évaluation et la couverture des options européennes. Nous considérons tout d’abord la problématique de l’optimisation des dates de rebalancement d’une couverture à temps discret en présenc
APA, Harvard, Vancouver, ISO, and other styles
9

De, Roquemaurel Marie. "Planification de coût optimal basée sur les CSP pondérés." Phd thesis, Université Paul Sabatier - Toulouse III, 2009. http://tel.archives-ouvertes.fr/tel-00394415.

Full text
Abstract:
Un des challenges actuels de la planification est la résolution de problèmes pour lesquels on cherche à optimiser la qualité d'une solution telle que le coût d'un plan-solution. Dans cette thèse, nous développons une méthode originale pour la planification de coût optimal dans un cadre classique non temporel et avec des actions valuées.<br /><br />Pour cela, nous utilisons une structure de longueur fixée appelée graphe de planification. L'extraction d'une solution optimale, à partir de ce graphe, est codée comme un problème de satisfaction de contraintes pondérées (WCSP). La structure spécifiq
APA, Harvard, Vancouver, ISO, and other styles
10

Buonasera, Tammy Yvonne. "Expanding Archaeological Approaches to Ground Stone: Modeling Manufacturing Costs, Analyzing Absorbed Organic Residues, and Exploring Social Dimensions of Milling Tools." Diss., The University of Arizona, 2012. http://hdl.handle.net/10150/268534.

Full text
Abstract:
Although ground stone artifacts comprise a substantial portion of the archaeological record, their use as an important source of information about the past has remained underdeveloped. This is especially true for milling tools (mortars, pestles, grinding slabs and handstones) used by hunter-gatherers. Three studies that apply novel techniques and approaches to prehistoric milling technology are presented here. Together they demonstrate that substantial opportunities exist for new avenues of inquiry in the study of these artifacts. The first combines a simple optimization model from behavioral
APA, Harvard, Vancouver, ISO, and other styles
More sources

Books on the topic "Cost Optimality"

1

Newberry, David M. Cost recovery from optimally designed roads. University of Cambridge Department of Applied Economics, 1987.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
2

Cohen, Susan I. On the optimality of incentive contracts in the presence of joint costs. College of Commerce and Business Administration, University of Illinois at Urbana-Champaign, 1988.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
3

Frisse, Mark E., and Karl E. Misulis, eds. Essentials of Clinical Informatics. Oxford University Press, 2019. http://dx.doi.org/10.1093/med/9780190855574.001.0001.

Full text
Abstract:
The American healthcare system is increasingly dependent on clinical informatics professionals to ensure that information technology contributes fully to measurably improve patient outcomes, enhance individual and organizational efficiency, and lower overall healthcare costs. Although the United States is the most expensive (per capita) healthcare system in the world, it ranks among the lowest in patient access and health outcomes. In the future, an aging population, complex comorbidities, family financial distress, changing cultural expectations, and unsustainable healthcare prices will neces
APA, Harvard, Vancouver, ISO, and other styles
4

Kallis, Aristotle. The Minimum Dwelling Revisited. Bloomsbury Publishing Plc, 2023. http://dx.doi.org/10.5040/9781350346215.

Full text
Abstract:
This book provides an intellectual history of the modernist ‘minimum dwelling’, exploring how early modernism saw mass housing as a primary vehicle for achieving the utopian transformation of society. It reappraises the often-overlooked 2nd and 3rd CIAM conferences (1929-31), addressing their engagement with the 'minimum dwelling' and revealing them both as milestones in the organisation's annals and as seminal moments in the history of interwar modernism. In 1929, an eclectic international group of avant-garde modernist architects, including Ernst May, Mart Stam, Walter Gropius and Le Corbusi
APA, Harvard, Vancouver, ISO, and other styles

Book chapters on the topic "Cost Optimality"

1

Marinakis, Yannis, Athanasios Migdalas, and Panos M. Pardalos. "Cost Allocation in Combinatorial Optimization Games." In Pareto Optimality, Game Theory And Equilibria. Springer New York, 2008. http://dx.doi.org/10.1007/978-0-387-77247-9_9.

Full text
APA, Harvard, Vancouver, ISO, and other styles
2

Behrmann, Gerd, Ansgar Fehnker, Thomas Hune, Kim Larsen, Paul Pettersson, and Judi Romijn. "Efficient Guiding Towards Cost-Optimality in UPPAAL." In Tools and Algorithms for the Construction and Analysis of Systems. Springer Berlin Heidelberg, 2001. http://dx.doi.org/10.1007/3-540-45319-9_13.

Full text
APA, Harvard, Vancouver, ISO, and other styles
3

Guo, Xianping, and Weiping Zhu. "Optimality Conditions for CTMDP with Average Cost Criterion." In Markov Processes and Controlled Markov Chains. Springer US, 2002. http://dx.doi.org/10.1007/978-1-4613-0265-0_10.

Full text
APA, Harvard, Vancouver, ISO, and other styles
4

Lin, Yaning, and Weihai Zhang. "Pareto-Based Guaranteed Cost Control of the Uncertain Mean-Field Stochastic Systems." In Essays on Pareto Optimality in Cooperative Games. Springer Nature Singapore, 2022. http://dx.doi.org/10.1007/978-981-19-5049-0_6.

Full text
APA, Harvard, Vancouver, ISO, and other styles
5

Bischof, Holger, Sergei Gorlatch, and Emanuel Kitzelmann. "Cost Optimality and Predictability of Parallel Programming with Skeletons." In Euro-Par 2003 Parallel Processing. Springer Berlin Heidelberg, 2003. http://dx.doi.org/10.1007/978-3-540-45209-6_97.

Full text
APA, Harvard, Vancouver, ISO, and other styles
6

Subrahmanyam, M. Bala. "Necessary Conditions for Optimality in Problems with Nonstandard Cost Functionals." In Finite Horizon H∞ and Related Control Problems. Birkhäuser Boston, 1995. http://dx.doi.org/10.1007/978-1-4612-4272-7_1.

Full text
APA, Harvard, Vancouver, ISO, and other styles
7

Secomandi, Nicola. "An Opportunity Cost View of Base-Stock Optimality for the Warehouse Problem." In The Handbook of Integrated Risk Management in Global Supply Chains. John Wiley & Sons, Inc., 2011. http://dx.doi.org/10.1002/9781118115800.ch16.

Full text
APA, Harvard, Vancouver, ISO, and other styles
8

Mandl, P., F. Jaumann, M. Unterreiner, et al. "Speed Control in the Presence of Road Obstacles: A Comparison of Model Predictive Control and Reinforcement Learning." In Lecture Notes in Mechanical Engineering. Springer Nature Switzerland, 2024. http://dx.doi.org/10.1007/978-3-031-70392-8_14.

Full text
Abstract:
AbstractThe paper compares two optimal control methods — Reinforcement Learning and Model Predictive Control — for adaptive speed control in the presence of road obstacles to enhance ride comfort. Both methods use a model for training or prediction and a reward or cost function to achieve a desired control objective. Using the same quarter-car model and objective function for both methods, differences in planned speed profiles, optimality of the control objective, and differences in computational time are analysed through simulations over a series of cosine-shaped road bumps.
APA, Harvard, Vancouver, ISO, and other styles
9

Sethi, Suresh P., and Hanqin Zhang. "Hierarchical Production Controls for a Stochastic Manufacturing System with Long-Run Average Cost: Asymptotic Optimality." In Stochastic Analysis, Control, Optimization and Applications. Birkhäuser Boston, 1999. http://dx.doi.org/10.1007/978-1-4612-1784-8_37.

Full text
APA, Harvard, Vancouver, ISO, and other styles
10

Beyer, Dirk, Suresh P. Sethi, and Ramaswamy Sridhar. "Average-Cost Optimality of a Base-Stock Policy for a Multi-Product Inventory Model with Limited Storage." In Decision & Control in Management Science. Springer US, 2002. http://dx.doi.org/10.1007/978-1-4757-3561-1_13.

Full text
APA, Harvard, Vancouver, ISO, and other styles

Conference papers on the topic "Cost Optimality"

1

Demirci, Yunus Emre, Ali Devran Kara, and Serdar Yüksel. "Average Cost Optimality of Partially Observed MDPs: Contraction of Non-Linear Filters and Existence of Optimal Solutions and Approximations." In 2024 American Control Conference (ACC). IEEE, 2024. http://dx.doi.org/10.23919/acc60939.2024.10644804.

Full text
APA, Harvard, Vancouver, ISO, and other styles
2

Ghanem, Fred, Purnima M. Kodate, Gerard M. Capellades, and Kirti M. Yenkie. "Optimal Design of Antibody Extraction Systems using Protein A Resin with Multicycling." In Foundations of Computer-Aided Process Design. PSE Press, 2024. http://dx.doi.org/10.69997/sct.170492.

Full text
Abstract:
Antibody therapies are important in treating life-threatening ailments such as cancer and autoimmune diseases. Purity of the antibody is essential for successful applications and Protein A selective resin extraction is the standard step for antibody recovery. Unfortunately, such resins can cost up to 30% of the total cost of antibody production. Hence, the optimal design of this purification step becomes a critical factor in downstream processing to minimize the size of the column needed. An accurate predictive model, as a digital twin representing the purification process, is necessary where
APA, Harvard, Vancouver, ISO, and other styles
3

Baakes, Florian, Gustavo Chaparro, Thomas Bernet, George Jackson, Amparo Galindo, and Claire S. Adjiman. "Utilizing ML Surrogates in CAPD: Case Study of an Amine-based Carbon-Capture Process." In The 35th European Symposium on Computer Aided Process Engineering. PSE Press, 2025. https://doi.org/10.69997/sct.122609.

Full text
Abstract:
Anthropogenic carbon-dioxide emissions, exceeding 51 billion tons annually, are a major driver of global climate impacts. Aqueous amine scrubbing offers an effective carbon-capture solution, but the energy-intensive thermal regeneration step of the process significantly increases costs, limiting large-scale adoption. To address these challenges, computational optimization of process and molecular design is promising but often too resource-intensive, emphasizing the need for efficient surrogate models. Specifically, we develop a surrogate model based on an artificial neural network (ANN) that i
APA, Harvard, Vancouver, ISO, and other styles
4

Wang, Yifan, Marvin Volkmer, D�rthe Franzisca Hagedorn, Christiane Reinert, and Niklas von der Assen. "RiNSES4: Rigorous Nonlinear Synthesis of Energy Systems for Seasonal Energy Supply and Storage." In Foundations of Computer-Aided Process Design. PSE Press, 2024. http://dx.doi.org/10.69997/sct.105466.

Full text
Abstract:
The synthesis of energy systems necessitates simultaneous optimization of both design and operation across all components within the energy system. In real-world applications, this synthesis poses a mixed-integer nonlinear programming (MINLP) problem, considering nonlinear behaviours such as investment cost curves and part-load performance. The complexity increases further when seasonal energy storage is involved, as it requires temporal coupling of the full time series. Although numerous solution approaches exist to solve the synthesis problems simplified by linearization, methods for solving
APA, Harvard, Vancouver, ISO, and other styles
5

De Brusse, Jonathan, Mathieu Granzotto, Romain Postoyan, and Dragan Nešć. "Policy iteration for discrete-time systems with discounted costs: stability and near-optimality guarantees." In 2024 IEEE 63rd Conference on Decision and Control (CDC). IEEE, 2024. https://doi.org/10.1109/cdc56724.2024.10886474.

Full text
APA, Harvard, Vancouver, ISO, and other styles
6

Grottke, Michael, and Benjamin Schleich. "Cost Optimality in Testing and Rejuvenation." In 2012 IEEE International Symposium on Software Reliability Engineering Workshops (ISSREW). IEEE, 2012. http://dx.doi.org/10.1109/issrew.2012.84.

Full text
APA, Harvard, Vancouver, ISO, and other styles
7

MEJRI, Imen, Safa BHAR LAYEB, and Farah ZEGHAL MANSOUR. "Solving the Discrete Cost Multicommodity Network Design Problem to Optimality." In 2018 International Conference on Innovation and Intelligence for Informatics, Computing, and Technologies (3ICT). IEEE, 2018. http://dx.doi.org/10.1109/3ict.2018.8855755.

Full text
APA, Harvard, Vancouver, ISO, and other styles
8

Feinberg, Eugene A., Pavlo O. Kasyanov, and Michael Z. Zgurovsky. "Optimality conditions for total-cost Partially Observable Markov Decision Processes." In 2013 IEEE 52nd Annual Conference on Decision and Control (CDC). IEEE, 2013. http://dx.doi.org/10.1109/cdc.2013.6760790.

Full text
APA, Harvard, Vancouver, ISO, and other styles
9

Cagan, Jonathan, and Brian C. Williams. "First-Order Necessary Conditions for Robust Optimality." In ASME 1993 Design Technical Conferences. American Society of Mechanical Engineers, 1993. http://dx.doi.org/10.1115/detc1993-0344.

Full text
Abstract:
Abstract The first-order necessary conditions of optimality are extended to include information about robust design — cost insensitivity to model inaccuracies and changes in design specification, as well as the manufacturing tolerances treated in more traditional approaches. In these extended conditions, the Lagrangian is formulated as a tradeoff between cost and cost variability, where variability is measured as the flatness and curvature of the objective relative to local variations in design variables and constraints. During optimization these conditions allow cost and robustness to be cons
APA, Harvard, Vancouver, ISO, and other styles
10

Ku¨bler, Oliver, and Michael Havbro Faber. "Optimality and Acceptance Criteria in Offshore Design." In ASME 2002 21st International Conference on Offshore Mechanics and Arctic Engineering. ASMEDC, 2002. http://dx.doi.org/10.1115/omae2002-28427.

Full text
Abstract:
The optimal design of offshore structures is formulated as a decision theoretical problem. The objective is to maximize the net present value of the service life benefit. The general optimization problem is simplified by taking into account the cost impacts of only one possible reconstruction of the structure. The analytical solution to this problem has been derived for the case, where failure events follow a stationary Poisson process. The service life benefit is formulated in terms of the production profile, the design and construction costs, the costs of failure and the costs of reconstruct
APA, Harvard, Vancouver, ISO, and other styles

Reports on the topic "Cost Optimality"

1

Beato, Paulina. Cross Subsidies in Public Services: Some Issues. Inter-American Development Bank, 2000. http://dx.doi.org/10.18235/0008778.

Full text
Abstract:
Pricing policy recommendations infrastructure services are based on two principles. One is that prices should cover the total cost of the service. The other is that cross subsidy schemes should be avoided. This technical paper explores the economic literature for rules on applying these principles to real world infrastructure services. The discussion is based on a partial equilibrium approach that uses market surplus as a proxy for social welfare and efficiency. Three main conclusions are reached in this paper. First, if a uniform price schedule is established and prices diverge from marginal
APA, Harvard, Vancouver, ISO, and other styles
2

Dixon, Peter, Michael Jerie, and Maureen Rimmer. Modern Trade Theory for CGE Modelling: the Armington, Krugman and Melitz Models. GTAP Technical Paper, 2015. http://dx.doi.org/10.21642/gtap.tp36.

Full text
Abstract:
This paper is for CGE modelers and others interested in modern trade theory. The Armington specification of trade, assuming country-level product differentiation, has been central to CGE modelling for 40 years. Starting in the 1980s with Krugman and more recently Melitz, trade theorists have preferred specifications with firm-level product differentiation. We draw out the connections between the Armington, Krugman and Melitz models, deriving them as successively less restrictive special cases of an encompassing model. We then investigate optimality properties of the Melitz model, demonstrating
APA, Harvard, Vancouver, ISO, and other styles
3

Flabbi, Luca, Matteo Bobba, and Santiago Levy Algazi. Labor Market Search, Informality and Schooling Investments. Inter-American Development Bank, 2018. http://dx.doi.org/10.18235/0011813.

Full text
Abstract:
This paper develops a search and matching model where firms and workers are allowed to form matches (jobs) that can be formal or informal. Workers optimally choose the level of schooling acquired before entering the labor market and whether to search for a job as unemployed or as self-employed. Firms optimally decide the formality status of the job and bargain with workers over wages. The resulting equilibrium size of the informal sector is an endogenous function of labor market parameters and institutions. The paper focuses on an increasingly important institution: a “dual” social protection
APA, Harvard, Vancouver, ISO, and other styles
4

Rivera, Luis, Ricardo Monge-González, and Julio Rosales-Tijerino. Productive Development Policies in Costa Rica: Market Failures, Government Failures, and Policy Outcomes. Inter-American Development Bank, 2010. http://dx.doi.org/10.18235/0010930.

Full text
Abstract:
This paper analyzes five Productive Development Policies (PDPs) implemented in Costa Rica, finding that they are not optimally addressing market failures. Moreover, government failures rather than market failures represent the main justification for PDPs. Even in the presence of market failures, the policy instruments applied are not necessarily the most economically efficient but rather the most politically feasible options. In addition, the lack of policy evaluation and monitoring prevents adjustments and corrections of such policies. Addressing the arguments for policy intervention and inco
APA, Harvard, Vancouver, ISO, and other styles
5

Bosch, Mariano, and Julen Esteban-Pretel. Labor Market Effects of Introducing Unemployment Benefits in an Economy with High Informality. Inter-American Development Bank, 2013. http://dx.doi.org/10.18235/0011471.

Full text
Abstract:
Unemployment benefit systems are nonexistent in many developing economies. Introducing such systems poses many challenges, which are partly due to the high level of informality in the labor markets of these economies. This paper studies the consequences on the labor market of implementing an unemployment benefit system in economies with large informal sectors and high flows of workers between formality and informality. We build a search and matching model with endogenous destruction, on-the-job search, and intersectoral flows, where agents in the economy decide optimally whether or not to form
APA, Harvard, Vancouver, ISO, and other styles
6

Parra-Polania, Julian A., and Constanza Martínez-Ventura. Designing the Future of Money: The Case for Multiple CBDCs. Banco de la República, 2025. https://doi.org/10.32468/be.1310.

Full text
Abstract:
We examine the optimal design of central bank digital currencies (CBDCs) by focusing on two key features: the anonymity-security trade-off and the remuneration (i.e., interest rate). Building on the extended model by Agur et al. (2022), which accounts for potential negative externalities associated with the anonymity of payment methods, we incorporate the possibility of multiple CBDCs into the framework. Our findings reveal that with optimally designed CBDCs and when anonymity costs are significant, a cashless economy is the preferred choice for the central bank. Furthermore, irrespective of a
APA, Harvard, Vancouver, ISO, and other styles
7

Parra-Polania, Julian A., and Constanza Martínez-Ventura. Designing the Future of Money: The Case for Multiple CBDCs. Banco de la República, 2025. https://doi.org/10.32468/be.1311.

Full text
Abstract:
We examine the optimal design of central bank digital currencies (CBDCs) by focusing on two key features: the anonymity-security trade-off and the remuneration (i.e., interest rate). Building on the extended model by Agur et al. (2022), which accounts for potential negative externalities associated with the anonymity of payment methods, we incorporate the possibility of multiple CBDCs into the framework. Our findings reveal that with optimally designed CBDCs and when anonymity costs are significant, a cashless economy is the preferred choice for the central bank. Furthermore, irrespective of a
APA, Harvard, Vancouver, ISO, and other styles
8

Monte, Daniel, and Roberto B. Pinheiro. Costly Information Intermediation: Quality vs. Spillovers. Federal Reserve Bank of Cleveland, 2024. https://doi.org/10.26509/frbc-wp-201721r2.

Full text
Abstract:
We analyze information intermediaries in large economies with costly information acquisition. Intermediaries face a trade-off between quality and dissemination speed. Both altruistic policymakers and profit-maximizing monopolists optimally choose to sample limited information, increasing the number of partially informed agents and enhancing spillovers despite slower information accumulation. Altruistic information-sharing bureaus minimize fees by inducing low provider default rates, while monopolist bureaus maximize fees through higher faulty service rates. Information trade resembles a natura
APA, Harvard, Vancouver, ISO, and other styles
9

An Optimization Model for Die Sets Allocation to Minimize Supply Chain Cost. SAE International, 2022. http://dx.doi.org/10.4271/2022-01-5057.

Full text
Abstract:
In this paper, a novel mixed-integer programming model is developed to optimally assign the die sets to candidate plants to minimize the total costs. The total costs include freight shipping stamped parts to assembly plants, die set movement, outsourcing, and utilization. Therefore, the objective function is weighted multi-criteria and it takes into consideration some of the key constraints in the real-world condition including “must-move die sets”. An optimization tool has been developed that takes several inputs and feeds them as the input to the mathematical model and generates the optimal
APA, Harvard, Vancouver, ISO, and other styles
We offer discounts on all premium plans for authors whose works are included in thematic literature selections. Contact us to get a unique promo code!