Mathematical Economics of Multi-Level Optimisation: Theory and Application (Contributions to Economics) - Softcover

Islam, Sardar M.N.

 
9783790810509: Mathematical Economics of Multi-Level Optimisation: Theory and Application (Contributions to Economics)

Synopsis

Since there exists a multi-level policy making system in the market economies, choices of decision makers at different levels should be considered explicitly in the formulation of sectoral plans and policies. To support the hypothesis, a theoretical energy planning approach is developed within the framework of the theory of economic policy planning, policy systems analysis and multi-level programming. The Parametric Programming Search Algorithm has been developed. On the basis of this theoretical model, an Australian Energy Policy System Optimisation Model (AEPSOM) has been developed and is used to formulate an Australian multi-level energy plan.

"synopsis" may belong to another edition of this title.

From the Back Cover

Since there exists a multi-level policy making system in the market economies, choices of decision makers at different levels should be considered explicitly in the formulation of sectoral plans and policies. To support the hypothesis, a theoretical energy planning approach is developed within the framework of the theory of economic policy planning, policy systems analysis and multi-level programming. The Parametric Programming Search Algorithm has been developed. On the basis of this theoretical model, an Australian Energy Policy System Optimisation Model (AEPSOM) has been devloped and is used to formulate an Australian multi-level energy plan. The results of this study suggest that a reformulation of existing Australian energy policies is needed. This study overcomes the limitations of existing single level optimisation models, and therefore makes a significant contribution to the principles and methods for economic modelling in a market economy.

"About this title" may belong to another edition of this title.

Other Popular Editions of the Same Title

9783642499500: Mathematical Economics of Multi-Level Optimisation: Theory and Application

Featured Edition

ISBN 10:  3642499503 ISBN 13:  9783642499500
Publisher: Physica, 2012
Softcover