Kniha Dynamic Timing Decisions Under Uncertainty Nguyen M. Hung

Dynamic Timing Decisions Under Uncertainty

Essays on Invention, Innovation and Exploration in Resource Economics

Jazyk: Angličtina
Väzba: Brožovaná
Dostupnosť: Skladom u dodávateľa
Odosielame za 5-8 dní
50.13
This book deals with dynamic timing decisions under§uncertainty in the context of exhaustible resour...

Informácie o knihe

Jazyk
Angličtina
Väzba
Kniha - Brožovaná
Vydalo
1994
Stránok
198
EAN
9783540576495
ISBN
3540576495
Enbook ID
02172674
Hmotnosť
375
Rozmery
170 x 244 x 12

Kompletný popis

This book deals with dynamic timing decisions under§uncertainty in the context of exhaustible resources.§Adopting the dynamic programming techniqueof decomposing a§large and complex problem into smaller and simpler ones, the§book offers a unified treatment of the important subjects of§exploration and technological innovation in the economics of§exhaustible resources. These processes generate the dynamics§of an economic system and might induce this system to switch§from one dynamic regime to another. The question of how and§when a policy maker should switchregimes is the main theme§throughout the book. The approach offered can be used to§study similar problems in industrial organization or dynamic§macroeconomics.

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