optimal (s,S) policies
Optimal Policies for Sin Goods and Health Care: Tax or Subsidy?
... …rst-best policies on sin goods and health care in an economy with myopic ...the optimal policies could exhibit di¤erent properties from previous ...the optimal sin tax depends on the ...
23
Persistently optimal policies in stochastic dynamic programming with generalized discounting
... Markov optimal policy. However, we prove the existence of persistently optimal policies and give their characterization by a system of Bellamn’s optimality ...of optimal economic ...
17
A note on optimal policies for a periodic inventory system with emergency orders
... develop optimal ordering policies that minimize the total expected discounted cost of procurement, holding, and shortage over a "nite planning ...These optimal policies are next shown to ...
11
Optimal Policies and the Informal Sector
... Here, policies are chosen by the government and the optimal policies will depend on the number of undocumented ...wage. Optimal enforcement policies ensure that wages are equated across ...
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Optimal Policies for Managing Invasive Species under Uncertainty
... the optimal allocation of man- agement ...nested optimal control model of managing invasive species to broadly examine optimal resource allocation policies for managing an in- vasive species ...
7
The valuation and optimal policies of puttable convertible bonds
... conversion, in fact, the conversion right becomes worthless and 𝑆 𝑓1 → ∞. Financially, early conversion leads to the loss of the insurance value associated with the embedded conversion privilege but results in no gain ...
15
Determining the Optimal Policies for Product Supply Chain Management System
... VI. CONCLUSION AND RECOMMENDATIONS The graphs above showed the relationship between profits of the supplier when other decision variables are held constant for normally distributed random demands. As observed from the ...
5
2016-6 Managing Risk Taking with Interest Rate Policy and Macroprudential Regulations
... the optimal policies, we calibrate the model with persistent aggregate shocks to the ...The optimal CAP experiment implements the social optimum with interest rate policy, capital regulation and ...
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A Stylized model of European Monetary Union for Analysing coordination games for Monetary and Macroprudential Policy
... that optimal simple rules are designed via maximization of the same wel- fare function as the one on which the model is ...choose optimal policies on the basis of a linear quadratic approximation ...
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Structural Properties of Optimal Scheduling Policies for Wireless Data Transmission
... recommended policies despite being sub-optimal exhibit better results than existing po- licies [3], our past work lacks any results about structural properties of both the recommended as well as the opti- ...
7
OPTIMAL RESERVOIR OPERATING POLICIES ? A STOCHASTIC DYNAMIC PROGRAMMING APPROACH
... Reservoir operation is a continuous decision making process to determine the water level of reservoir and releases from it across time period. It is one of the most challenging tasks in water resource because water ...
10
A Comparison of Optimal Tax Policies when Compensation or Responsibility Matter
... In this paper, we have explored two ways to deal with the equality of opportunity principles in the second-best model. One is to search for optimal policies over the allocations that satisfy one of the ...
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Use of Reinforcement Learning as a Challenge: A Review
... Schwartz’s [11] R-learning algorithm exhibits convergence to some of the MDPs. Several researchers have found this average reward criterion closer to the true problems which are being solved by discounted criterion. ...
7
Quantitative Determination Of Optimal Fiscal And Monetary Policies: A Stochastic Optimal Control Analysis For Iran
... macroeconomic policies for Iran during the fourth development plan ...stochastic optimal control algorithm “OPTCON” until determine optimal fiscal and monetary policies as solutions of optimum ...
17
PERIODIC REVIEW INVENTORY SYSTEMS WITH CONTINUOUS DEMAND AND DISCRETE ORDER SIZES*
... Optimal policies for inventory control problems usually obey the following rule: If it is optimal to order an amount u when the stock level is x, then Uie optimal order from.. This [r] ...
5
The impact of uncertainty on optimal emission policies
... and optimal poli- cies are not generally ...are optimal. When applying optimal control to inform pol- icy advice and decision making, it is important to keep in mind that optimal ...
18
Optimal Paternalistic Savings Policies
... study optimal retirement savings policies when there is a paternalistic motive to overcome individuals’ present bias ...an optimal taxation framework, allowing us to study the problem of savings ...
71
Optimal Pricing, Quality Investment and Replenishment Policies for Perishable Items
... the optimal cycle time T increase with an increase in the value of parameter y ...of optimal total profit , optimal preservation technology cost , optimal selling price ...
7
Optimal abatement investment and environmental policies under pollution uncertainty
... that a society or a government should adopt to reduce emissions of environmen- tal pollutant. Some common features characterize this class of models. Smulders and Gradus (1996), and Soretz (2007) model pollution as an ...
14
Optimal Pricing and Treatment Policies in Health Care
... these policies when there is uncertainty in the benefit that the treatment provides and when the manufacturer can influence total demand by conducting costly marketing e ff ...
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