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

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Springer Science & Business Media, Dec 11, 2013 - Business & Economics - 342 pages
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.
 

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Contents

Introduction
3
New economics against the history of economic thought
9
Success and shortcomings of econometric models
17
Creative and prospective thinking 37
35
Application for the economic situation of Lithuania over
53
Simulation and Sensitivity Analysis
65
Scenario Writing
71
Introduction to multiple objective utility theory
87
Privatization and reference point theory
205
Notes chapter 4
213
PART FIVE A MULTIPLICATIVE FORM
224
The multiplicative representation in scenarios for an
247
An application for arms procurement 261
260
Multiplicative representation and project planning
267
Notes chapter 4
279
PART SIX RATIO ANALYSIS A SEPARATE
290

Some traditional methods to approach the problem of 111
110
Multifarious comparisons for objectives and attributes
125
The indifference method
139
How to optimize in a stakeholder society? 147
146
Project planning analysis and evaluation
171
Reference point theory in seaport planning
189
the Voogd ratios and the Van Delft and Nijkamp
307
Ratio analysis and project planning for a developing
317
Conclusions on ratio systems
323
General conclusions of the book
329
INDEX
337
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