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Mathematical Economics of Multi-Level Optimisation: Theory and Application

Mathematical Economics of Multi-Level Optimisation: Theory and Application

Paperback

Series: Contributions to Economics

Business GeneralEconomicsGeneral Science

ISBN10: 3790810509
ISBN13: 9783790810509
Publisher: Springer Nature
Published: Nov 6 1997
Pages: 284
Weight: 0.90
Height: 0.64 Width: 6.00 Depth: 9.00
Language: English
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 developed and is used to formulate an Australian multi-level energy plan.

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