Causal theories, models and evidence in economics—some reflections from the natural sciences
Cogent Economics & Finance, 2017 Models have been extensively analysed in economic methodology, notably their degree of ability to provide explanations. This paper takes a complementary, comparative approach, examining theory development in the natural sciences.
Michael Joffe
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An Economic Order Quantity Stochastic Dynamic Optimization Model in a Logistic 4.0 Environment [PDF]
Sustainability, 2020 This paper proposes a stock dynamic sizing optimization under the Logistic 4.0 environment. The safety stock is conceived to fill up the demand variability, providing continuous stock availability. Logistic 4.0 and the smart factory topics are considered.
Di Nardo, Mario +3 more
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The Elasticity of a Random Variable as a Tool for Measuring and Assessing Risks
Risks, 2022 Elasticity is a very popular concept in economics and physics, recently exported and reinterpreted in the statistical field, where it has given form to the so-called elasticity function.
Ernesto-Jesús Veres-Ferrer +1 more
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Central applications of Tesfay coordination in transportation supply chain: Case of airline industry
Journal of Traffic and Transportation Engineering (English ed. Online), 2019 This paper is extensions of the Tesfay (2014) paper on the Bullwhip effects and Tesfay (2015) paper on the foundations of the Bullwhip effect and its implications on the theory of organizational coordination.
Yohannes Yebabe Tesfay
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Research Trend, Logical Structure and Outlook on Complex Economic Game
Mathematics, 2023 Diseases, natural disasters, and other emergencies force the economy and management system to confront nonlinear and random changes. In recent years, complexity science has attracted much attention.
Fang Wu, Junhai Ma
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SIMULATION TECHNOLOGIES IN THE MODELLING USERS’ BEHAVIORS IN THE PHARMACEUTICAL MARKET
Вісник Харківського національного університету імені В.Н. Каразіна: Серія Економіка, 2019 The creation of a new branch of economics – behavioural economics studying the features of decision-making, resulted in changes of a number of fundamental ideas.
Zoia Sokolovska, Irina Kapustya
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The Economic Effects of Corporate Taxes in a Stochastic Growth Model [PDF]
SSRN Electronic Journal, 1987 The Economic Recovery Act of 1981 led to the largest postwar decline in effective tax rates on capital. The legislation also had its most significant effect on rates in 1982 due to the rapid decline in inflation. Although some of the tax cut was rescinded in 1982, effective corporate tax rates on plant and equipment, measured as the difference between ...
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Evaluation of Stackelberg Leader-Follower Interaction Between Policymakers in Small Open Economies
Ekonomika, 2021 The problem of coordination between policymakers seems to have created fundamental problems related to economic and social costs, targeted inflation, potential growth, and a high budget deficit.
Metin Tetik, Reşat Ceylan
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Determining Optimal Levels of Nitrogen Fertilizer Using Random Parameter Models [PDF]
The parameters of yield response functions can vary by year. Past studies usually assume yield functions are nstochastic ‘‘limited’’ stochastic. In this study, we estimate rye– ryegrass yield functions in which all parameters are random.
Biermacher, Jon T. +5 more
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Considerations on the stochastic approach in economics
Amfiteatru Economic, 2013 This paper presents several views on stochastic aspects in economic modeling. The authors analyzed the necessity of stochastic approach in economics, they described the specificity of stochastic models in this field and they presented the premises of ...
Ion Smeureanu, Gheorghe Ruxanda
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