In the last 30 years, China has achieved high economic growth and successfully transformed its economy from a planned economy to a market-based system. The country, to a large extent, has attained success through the recommendations proposed by standard economic theory. However, the role of political economy has been omitted from the literature: how did China adopt the right economic policies a...

Indeed, one of the …rst lessons one learns from studying a variety of hypothetical models is that the problem of economic stabilization is, even in principle, an extremely intricate one, and that a much more thorough investigation of both theoretical principles and empirical relationships would be needed before detailed policy recommendations could be justi…ed.”A. W. Phillips (1957, reprinted 1...

This paper describes how the proper priority structure of non-linear goal programming (NLGP) model can be selected for obtaining economic order quantity(EOQ) of multi-item inventory problems. In the solution process, sensitivity analysis of the priority under the given weight structure of goals has been performed. A set of solution is obtained. From the solutions, the ideal solution is identifi...

this study investigated the effects of land size and two leased and private farming systems of machinery on economic efficiency and factors such as total production cost per hectare (ratio of total cost of agricultural inputs and operations to farm size), total income (ratio of product and byproduct value to farm size), yield (ratio of crop production to farm size) and degree of mechanization f...

This study based on investigation for integration wind power into conventional power system with its impact on fossil fuel generators and their generation management. Wind power as environmental friendly energy source can reduce the operational cost of the system due to considering no cost for energizing the generator in comparing with fossil fuel generators. However due to unpredictable nature...

The main purpose of this research is to determine the generation quantity of each generator in a power system. In this way, not only will the electricity demanded by the system be supplied, but the cost of fuel along with the level of pollution can be minimized. Obviously, calculation of the optimal layout of power plants with the aim of minimizing fuel costs and pollutants level contributes to...

The main purpose of this research is to determine the generation quantity of each generator in a power system. In this way, not only will the electricity demanded by the system be supplied, but the cost of fuel along with the level of pollution can be minimized. Obviously, calculation of the optimal layout of power plants with the aim of minimizing fuel costs and pollutants level contributes to...