The present paper argues that the operational conditions for Ecologically Sustainable Economic Development (ESED) may be described by a traditional welfare criterion: ESED refers to a process of economic processes that ensure the environmental prerequisites for an efficient evolution of intergenerational welfare. Under the premise of an unknown and unknowable structure of future generations’ we...

An optimal control problem of an economic system with two criteria is considered in the paper. The Solow model of economic growth is used. Rate of consumption is a control variable, quality vector criterion is a discounted utility in the long-term and near-term. Pontryagin’s maximum principle is applied to the single criteria problem with weighted sum of two functionals. The existence of the so...

This paper presents a methodology to integrate life cycle assessment (LCA) in models used to design energy conversion systems. It is illustrated by an application to a thermo-economic model for the multi-objective optimization of synthetic natural gas (SNG) production from woody biomass. The life cycle inventory (LCI) is written as a function of the parameters of the thermoeconomic model. The o...

We propose an Economic Probabilistic analogy: the category of cost is analogous to the category of Probability. The proposed analogy permits construction of an informal theory of nonlinear non-convex Gaussian Utility and Cost, which describes the real economic processes more adequately than a theory based on a linear and convex models. Based on the proposed analogy, we build a nonlinear non-con...

In this paper, a fuzzy decision algorithm is proposed to select the most suitable advanced manufacturing system (AMS) alternative from a set of mutually exclusive alternatives. Both economic evaluation criterion and strategic criteria such as #exibility, quality improvement, which are not quantitative in nature, are considered for selection. The economic aspects of the AMS selection process are...

there are several methods for measuring the performance and value of a company. these are, earnings per share, earnings growth rate, dividend per share, rate of return on equity and free cash flow. the purpose of this article is to show that all these criteria have some deficiencies and will introduce a new criterion called economic value added (eva). eva is computed by subtracting capital char...

Economic growth and development of market, stock exchange and related variables are among components which influence on business, economic activities and management of society. Financial repression is among economic variables greatly influencing on financial market specifically capital market and economic growth and development; so that, this concept caused to publish financial growth and devel...

economic growth and development of market, stock exchange and related variables are among components which influence on business, economic activities and management of society. financial repression is among economic variables greatly influencing on financial market specifically capital market and economic growth and development; so that, this concept caused to publish financial growth and devel...