Efficiency versus Sustainability in Dynamic Decision Making: Advances in Intertemporal Compromising
To all who taught me, and to all who will. Over the past fifteen years the notions of efficiency and sustainability have, more than any others, influenced the academic and public discussion concerning the intertemporal allocation of resources, especially as regards the economics of growth and enviro...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Berlin, Heidelberg
Springer Berlin Heidelberg
2002
|
| Ausgabe: | 1st ed. 2002 |
| Schriftenreihe: | Lecture Notes in Economics and Mathematical Systems
520 |
| Schlagworte: | |
| Online-Zugang: | BTU01 Volltext |
| Zusammenfassung: | To all who taught me, and to all who will. Over the past fifteen years the notions of efficiency and sustainability have, more than any others, influenced the academic and public discussion concerning the intertemporal allocation of resources, especially as regards the economics of growth and environment. This treatise formally develops and counterposes these notions by means of the construct of a trajectorial objective, which is here developed, along with its implications, as a natural advance upon the classical scalar objective. In the course of this study it becomes clear that efficiency and sustainability are by no means identical, given that efficiency, on the one hand, is the concept for avoiding wasteful behavior, and sustainability, on the other, is the concept for ensuring that certain critical aspiration levels, which usually reflect the wish for survival, are maintained. Nonetheless, contrary to what may be assumed, these two concepts do not generally yield mutually exclusive solutions; in fact, they can be combined to complement each other in the quest for unimprovable long-term solutions which sustain given and necessary aspiration levels. This treatise develops and analyzes dynamic decision models (DDM) with one trajectorial objective according to the methodology of multi criteria decision making (MCDM). Moreover, introducing the method of distance maximization crucially augments MCDM and proves to be invaluable for DDMs in the case of a nonexistent utopia trajectory as well as in the case of sustainability as objective |
| Beschreibung: | 1 Online-Ressource (IX, 254 p. 12 illus) |
| ISBN: | 9783642561009 |
| DOI: | 10.1007/978-3-642-56100-9 |
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| discipline | Mathematik Wirtschaftswissenschaften |
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| edition | 1st ed. 2002 |
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| isbn | 9783642561009 |
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| spelling | Glaser, Bodo Verfasser aut Efficiency versus Sustainability in Dynamic Decision Making Advances in Intertemporal Compromising by Bodo Glaser 1st ed. 2002 Berlin, Heidelberg Springer Berlin Heidelberg 2002 1 Online-Ressource (IX, 254 p. 12 illus) txt rdacontent c rdamedia cr rdacarrier Lecture Notes in Economics and Mathematical Systems 520 To all who taught me, and to all who will. Over the past fifteen years the notions of efficiency and sustainability have, more than any others, influenced the academic and public discussion concerning the intertemporal allocation of resources, especially as regards the economics of growth and environment. This treatise formally develops and counterposes these notions by means of the construct of a trajectorial objective, which is here developed, along with its implications, as a natural advance upon the classical scalar objective. In the course of this study it becomes clear that efficiency and sustainability are by no means identical, given that efficiency, on the one hand, is the concept for avoiding wasteful behavior, and sustainability, on the other, is the concept for ensuring that certain critical aspiration levels, which usually reflect the wish for survival, are maintained. Nonetheless, contrary to what may be assumed, these two concepts do not generally yield mutually exclusive solutions; in fact, they can be combined to complement each other in the quest for unimprovable long-term solutions which sustain given and necessary aspiration levels. This treatise develops and analyzes dynamic decision models (DDM) with one trajectorial objective according to the methodology of multi criteria decision making (MCDM). Moreover, introducing the method of distance maximization crucially augments MCDM and proves to be invaluable for DDMs in the case of a nonexistent utopia trajectory as well as in the case of sustainability as objective Operations Research/Decision Theory Operations research Decision making Entscheidungsverhalten (DE-588)4113448-5 gnd rswk-swf Dynamisches Entscheidungsmodell (DE-588)4150931-6 gnd rswk-swf Entscheidungstheorie (DE-588)4138606-1 gnd rswk-swf Entscheidungsverhalten (DE-588)4113448-5 s Dynamisches Entscheidungsmodell (DE-588)4150931-6 s DE-604 Entscheidungstheorie (DE-588)4138606-1 s Erscheint auch als Druck-Ausgabe 9783540439066 Erscheint auch als Druck-Ausgabe 9783642561016 https://doi.org/10.1007/978-3-642-56100-9 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Glaser, Bodo Efficiency versus Sustainability in Dynamic Decision Making Advances in Intertemporal Compromising Operations Research/Decision Theory Operations research Decision making Entscheidungsverhalten (DE-588)4113448-5 gnd Dynamisches Entscheidungsmodell (DE-588)4150931-6 gnd Entscheidungstheorie (DE-588)4138606-1 gnd |
| subject_GND | (DE-588)4113448-5 (DE-588)4150931-6 (DE-588)4138606-1 |
| title | Efficiency versus Sustainability in Dynamic Decision Making Advances in Intertemporal Compromising |
| title_auth | Efficiency versus Sustainability in Dynamic Decision Making Advances in Intertemporal Compromising |
| title_exact_search | Efficiency versus Sustainability in Dynamic Decision Making Advances in Intertemporal Compromising |
| title_exact_search_txtP | Efficiency versus Sustainability in Dynamic Decision Making Advances in Intertemporal Compromising |
| title_full | Efficiency versus Sustainability in Dynamic Decision Making Advances in Intertemporal Compromising by Bodo Glaser |
| title_fullStr | Efficiency versus Sustainability in Dynamic Decision Making Advances in Intertemporal Compromising by Bodo Glaser |
| title_full_unstemmed | Efficiency versus Sustainability in Dynamic Decision Making Advances in Intertemporal Compromising by Bodo Glaser |
| title_short | Efficiency versus Sustainability in Dynamic Decision Making |
| title_sort | efficiency versus sustainability in dynamic decision making advances in intertemporal compromising |
| title_sub | Advances in Intertemporal Compromising |
| topic | Operations Research/Decision Theory Operations research Decision making Entscheidungsverhalten (DE-588)4113448-5 gnd Dynamisches Entscheidungsmodell (DE-588)4150931-6 gnd Entscheidungstheorie (DE-588)4138606-1 gnd |
| topic_facet | Operations Research/Decision Theory Operations research Decision making Entscheidungsverhalten Dynamisches Entscheidungsmodell Entscheidungstheorie |
| url | https://doi.org/10.1007/978-3-642-56100-9 |
| work_keys_str_mv | AT glaserbodo efficiencyversussustainabilityindynamicdecisionmakingadvancesinintertemporalcompromising |