On variable discounting in dynamic programming: applications to resource extraction and other economic models
نویسندگان
چکیده
منابع مشابه
Optimal conservation resource allocation under variable economic and ecological time discounting rates in boreal forest.
Resource allocation to multiple alternative conservation actions is a complex task. A common trade-off occurs between protection of smaller, expensive, high-quality areas versus larger, cheaper, partially degraded areas. We investigate optimal allocation into three actions in boreal forest: current standard forest management rules, setting aside of mature stands, or setting aside of clear-cuts....
متن کاملModern Computational Applications of Dynamic Programming
Computational dynamic programming, while of some use for situations typically encountered in industrial and systems engineering, has proved to be of much greater significance in many areas of computer science. We review some of these applications here.
متن کاملmodels of dynamic resource allocation
in dea to obtain an efficient representation in ccr andbcc models for each dmu only one linear plan would be solved; however,it is possible in centralized resource allocation (cra) to solve allthe dmus by one linear planning. in this paper, models of centralizedresource allocation in input-oriented and in dynamic case will be offeredand by using dynamic sbm, the representation of dmus in each t...
متن کاملDynamic Resource Allocation and Active Predictive Models for Enterprise Applications
This work is concerned with dynamic resource allocation for multi-tiered, cluster-based web hosting environments. Dynamic resource allocation is reactive, that is, when overloading occurs in one resource pool, servers are moved from another (quieter) pool to meet this demand. Switching servers comes with some overhead, so it is important to weigh up the costs of the switch against possible syst...
متن کاملSolving dynamic stochastic economic models by mathematical programming decomposition methods
Discrete-time optimal control problems arise naturally in many economic problems. Despite the rapid growth in computing power and new developments in the literature, many economic problems are still quite challenging to solve. Economists are aware of the limitations of some of these approaches for solving these problems due to memory and computational requirements. However, many of the economic...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Annals of Operations Research
سال: 2011
ISSN: 0254-5330,1572-9338
DOI: 10.1007/s10479-011-0931-2