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Mathematical economics of multi-level optimisation : theory and application /

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Since there exists a multi-level policy making system in the market economies, choices of decision makers at different levels should be considered explicitly in the formulation of sectoral plans and policies. To support the hypothesis, a theoretical energy planning approach is developed within the f...

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Bibliographic Details
Main Author: Islam, Sardar M. N., 1950-
Corporate Author: SpringerLink (Online service)
Format: eBook
Language:English
Published: Heidelberg ; New York : Physica-Verlag, 1998.
Series:Contributions to economics.
Subjects:
Energy policy > Australia > Decision making.
Mathematical optimization.
Política energética > Decisiones > Australia > Teoría.
Optimización matemática.
Energy policy > Decision making.
Australia.
Optimaliseren.
Energiebeleid.
Multiniveau-analyse.
Politique énergétique > Australie > Prise de décision.
Optimisation mathématique.
Electronic books.
Online Access:Connect to the full text of this electronic book
Description
Summary:Since there exists a multi-level policy making system in the market economies, choices of decision makers at different levels should be considered explicitly in the formulation of sectoral plans and policies. To support the hypothesis, a theoretical energy planning approach is developed within the framework of the theory of economic policy planning, policy systems analysis and multi-level programming. The Parametric Programming Search Algorithm has been developed. On the basis of this theoretical model, an Australian Energy Policy System Optimisation Model (AEPSOM) has been devloped and is used to formulate an Australian multi-level energy plan. The results of this study suggest that a reformulation of existing Australian energy policies is needed. This study overcomes the limitations of existing single level optimisation models, and therefore makes a significant contribution to the principles and methods for economic modelling in a market economy.
Item Description:Electronic resource.
Physical Description:1 online resource (xvi, 284 pages)
Format:Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:Includes bibliographical references (pages [271]-281) and index.
ISBN:9783642499494 (electronic bk.)
364249949X (electronic bk.)