in this study, a model of optimal allocation of subsidy was developed based on the microeconomic optimization theory. the model was evaluated by applying to premium subsidy allocation to the cereal crops’ (corn, rain fed barley and wheat, and irrigated barley and wheat) insurance in iran. in developing the model, it was assumed that, policymaker on behalf of society, follows a social utility ma...

We study fiscal spending by supranational unions, where participation is voluntary and countries bargain over contributions to and the allocation of a central budget. We establish and explore the link between the budget’s allocation and nations’ contributions that occurs since bargaining power is endogenous, and a country’s outside option during budget negotiations is to withdraw its contributi...

TSSO is a recently proposed search algorithm based on the modified nugget effect kriging metamodel, which solves unconstrained stochastic simulation optimization problems with heterogeneous variances, when the total simulation budget is fixed, through a budget allocation followed by a two–stage sequential procedure. Despite the efficiency and performance of TSSO, no analysis of the structural p...

this paper extends endogenous growth models through augmenting it with government budget and oil revenues as well as the effect of public investment efficiency on long run growth of private and government consumption and import for an oil producing economy. based on the extracted model, the optimal growth rate of government current expenditure (or consumption) has a positive relation with the e...

Budget allocation is a common task carried in our daily life. As it seems to be necessary to perform this task in an ideal manner this paper mainly deals with budget allocation problem. The main key feature of this work is that it uses a mathematical programming technique Data Envelopment Analysis (DEA) for formulating a proper model for capital budget allocation. This formulation is based on t...

OBJECTIVES This article outlines the budgetary setting within the UK health-care system. METHODS It is argued that while prospective budgets can give rise to efficient resource allocation outcomes, this relies on the budget being set at an appropriate level and the accompanying incentive structures being efficient. The organizational structures and the interrelationships are critical. The rec...

Background: The construction of metro lines is a high-risk project. Using a budget-based model for the safety units of metro construction projects can help safety managers to spend optimal budget allocation. The purpose of this study was to plan a budget model based on safety unit performance in an under construction metro station for better budget allocation using robust optimization. Methods...

We study the efficiency of mechanisms for allocating a divisible resource. Given scalar signals submitted by all users, such mechanism decides fraction resource that each user will receive and payment be collected from her. Users are self-interested aim to maximize their utility (defined as value they minus payment). Starting with seminal work Johari Tsitsiklis, long list papers studied price a...

 Simulation and optimization are two arguably most used operations research (OR) tools. Optimization intends to choose the best element from some set of available alternatives. Stochastic simulation is a powerful modeling and software tool for analyzing modern complex systems. This capability complements the inherent limitation of traditional optimization, so the combining use of simulation an...