5,912 results on '"Budget constraint"'
Search Results
252. Hardening a Soft Budget Constraint through ‘Upward Devolution’ to a Supranational Institution: The Case of the European Union and Italian State-Owned Firms
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Bertero, Elisabetta, Rondi, Laura, and Sun, Laixiang, editor
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- 2003
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253. Adaptive Efficiency and the Evolving Diversity of Enterprise Ownership and Governance Forms: An Overview
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Sun, Laixiang and Sun, Laixiang, editor
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- 2003
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254. Exact and Approximate Algorithms for Topological Design of Wide Area Networks with Non-simultaneous Single Commodity Flows
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Kasprzak, Andrzej, Goos, G., editor, Hartmanis, J., editor, van Leeuwen, J., editor, Sloot, Peter M. A., editor, Abramson, David, editor, Bogdanov, Alexander V., editor, Gorbachev, Yuriy E., editor, Dongarra, Jack J., editor, and Zomaya, Albert Y., editor
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- 2003
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255. The treasury system of Russia–2021: New development trends amid increasing budgetary constraints
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Ol'ga V. Glushakova
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050208 finance ,0502 economics and business ,05 social sciences ,Economics ,Financial system ,050207 economics ,Budget constraint ,Treasury - Abstract
Subject. The article focuses on institutional transformations in bodies of the Federal Treasury in adopting the treasury payment mechanism and treasury service. Objectives. I analyze the performance of the public finance system in Russia during the COVID-19 crisis, and identify steps of the institutional environment emergence so as to adopt the treasury payment system and treasury service. I also evaluate whether it is possible to ensure the balance of the federal budget and regional budgets in Russia by placing temporarily available funds when introducing the treasury payment mechanism and implementing the technology of the single treasury account. Methods. The study is based on the systems and institutional approaches. I also resorted to general methods, such as the analysis, synthesis, comparison. Results. The revenue of the federal budget was found to drop considerably due to the lower business activity in Russia and worldwide and a decrease in the demand and prices for strategic power resources. The article outlines steps of the institutional environment emergence to adopt the treasury payment system and treasury service. Additional income from the placement of temporarily available federal and regional funds was found to be insufficient to ensure the balance of the above budgets. Conclusions and Relevance. Going beyond the structural conservatism of the national economy will lower the public finance sustainability risks amid rapidly changing development challenges, including the COVID-19 that outbroke worldwide in 2020. The findings can be used for practical purposes by the Federal Treasury and other parties to the treasury payment systems so as to improve its performance.
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- 2021
256. Design of 1-FT Communication Network under Budget Constraint
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Ghosh, Loknath, Mukherjee, Amitava, Saha, Debashis, Goos, Gerhard, editor, Hartmanis, Juris, editor, van Leeuwen, Jan, editor, Das, Sajal K., editor, and Bhattacharya, Swapan, editor
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- 2002
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- View/download PDF
257. Numeraire Assets
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Villanacci, Antonio, Carosi, Laura, Benevieri, Pierluigi, Battinelli, Andrea, Villanacci, Antonio, Carosi, Laura, Benevieri, Pierluigi, and Battinelli, Andrea
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- 2002
- Full Text
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258. SUPPLY AND DEMAND FACTORS OF THE STATE AND BUSINESS ON PUBLIC AND PRIVATE PARTNERSHIP
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T. V. Tischenko
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HM401-1281 ,Supply and demand ,Procurement ,investments ,0502 economics and business ,Sociology (General) ,050207 economics ,HB71-74 ,Budget constraint ,Finance ,050208 finance ,economic factors ,business.industry ,05 social sciences ,Modern economy ,budget constraints ,institutional environment ,privatization ,public-private partnership ,Public–private partnership ,Economics as a science ,General partnership ,leasing ,Russian federation ,procurement ,business - Abstract
The subject of the study is public–private partnership (hereinafter – PPP) mechanisms in the modern economy of the Russian Federation. The article considers economic factors affecting the demand for PPP mechanisms in Russia from the state and business. The paper carries out a comparative assessment of the supply and demand of PPP and alternative mechanisms of interaction between the state and business. The study reveals that PPP does not have significant advantages in comparison with traditional public procurement or leasing. According to the results of the study, the author makes a forecast that in the near future we should expect a significant reduction in the volume of private and public co-financing of projects implemented on the basis of PPP. Assumption by state additional obligations to finance projects in the absence of budget restrictions can increase the demand for PPP on the part of business.
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- 2021
259. Matchmaker: Stable Task Assignment With Bounded Constraints for Crowdsourcing Platforms
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Xiaoyan Yin, Sijia Yu, Yanjiao Chen, Cheng Xu, and Baochun Li
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020203 distributed computing ,Matching (statistics) ,Operations research ,Computer Networks and Communications ,business.industry ,Computer science ,media_common.quotation_subject ,Collective intelligence ,Stability (learning theory) ,020206 networking & telecommunications ,02 engineering and technology ,Crowdsourcing ,Computer Science Applications ,Task (project management) ,Hardware and Architecture ,Signal Processing ,0202 electrical engineering, electronic engineering, information engineering ,Task analysis ,Happiness ,Quality (business) ,business ,Budget constraint ,Information Systems ,media_common - Abstract
Crowdsourcing has become a popular paradigm to leverage the collective intelligence of massive crowd workers to perform certain tasks in a cost-effective way. Task assignment is an essential issue in crowdsourcing platforms owing to heterogeneous tasks and work skills. In this article, we focus on assigning workers with diversified skill levels to crowdsourcing tasks with different quality requirements and budget constraints. Task assignment is fundamentally a many-to-one matching problem, where one task is allocated to multiple users who can meet the minimum quality requirement of the task within the limited budget. While most existing works try to maximize the utility of the crowdsourcing platform, we take into account the individual preferences of crowdsourcers and workers toward each other to ensure the stability of task assignment results. In this article, we propose task assignment mechanisms that can guarantee stable outcomes for the many-to-one matching problem with lower and upper bounds (i.e., quality requirement and budget constraint) in regard to heterogeneous worker skill levels. Extensive simulation results show that the proposed algorithms can greatly improve the success ratio of task accomplishment and worker happiness compared with existing algorithms.
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- 2021
260. A multiple discrete continuous model of time use that accommodates non-additively separable utility functions along with time and monetary budget constraints
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Abdul Rawoof Pinjari, Rico Maggi, and Andrea Pellegrini
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050210 logistics & transportation ,Mathematical optimization ,Computer science ,Continuous modelling ,05 social sciences ,Time allocation ,0211 other engineering and technologies ,Transportation ,02 engineering and technology ,Function (mathematics) ,Management Science and Operations Research ,Separable space ,Constraint (information theory) ,Goodness of fit ,0502 economics and business ,021108 energy ,Budget constraint ,Choice modelling ,Civil and Structural Engineering - Abstract
This paper proposes a multiple discrete continuous (MDC) choice modelling framework with the following features for analyzing individuals’ time use decisions: (a) accommodates non-additively separable (NAS) utility functions with respect to time allocation across different non-work activities, (b) considers both time and money constraints by integrating the two constraints into a single economic constraint, and (c) allows corner solutions for (i.e., non-participation in) discretionary, non-work activities. The proposed framework is applied to analyze weekly time use of employed individuals in Netherlands using a data set derived from the Time use and Consumption survey of the Longitudinal Internet Studies for the Social Sciences (LISS) panel. The empirical results of the proposed model are compared to those from two simpler models – (a) a model that ignores the monetary budget constraint but employs the NAS utility function and (b) a model that considers both time and money budget constraints but uses a simpler, additively separable utility function. The results suggest that considering both time and money constraints, when combined with the NAS utility function, facilitates in capturing rich substitution patterns in time allocation to non-work activities, in addition to revealing demographic heterogeneity in satiation effects. Further, the proposed model offers a superior goodness of fit when compared to that from the simpler models that ignore either the monetary constraint or the NAS utility function. Finally, the model results provide important policy insights for reducing demographic inequities in time allocation among employed individuals.
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- 2021
261. Re-design of a blood supply chain organization with mobile units
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Muhammed Emre Keskin, İlker Karadağ, and Vecihi Yigit
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0209 industrial biotechnology ,Operations research ,Computer science ,Process (engineering) ,Blood supply chain ,Mixed-integer programming ,02 engineering and technology ,Humanitarian supply chain management ,Theoretical Computer Science ,Supply and demand ,020901 industrial engineering & automation ,Methodologies and Application ,Blood ,Robustness (computer science) ,0202 electrical engineering, electronic engineering, information engineering ,Perishability ,020201 artificial intelligence & image processing ,Geometry and Topology ,Supply chain network ,Integer programming ,Software ,Budget constraint - Abstract
This research analyses the re-organization of a blood supply chain organization. Blood supply chain network design is a hard problem. Uncertainties of the blood supply and demand, perishability of blood over time and compatibility of blood types are some factors that make the problem difficult. This paper presents a novel multi-objective mixed-integer location-allocation model for a blood supply chain design problem. Unlike many studies on blood supply chain design in the literature, supply chain network consisting of mobile and permanent units is planned together effectively with our mixed-integer programming model. Multi-objective structure of the model minimizes distances between the blood supply chain elements and the length of the mobile unit routes. The objectives are prioritized by experts using the Analytical Hierarchical Process. Finally, the model is implemented on a real life case study using real data from the Eastern Anatolia region of Turkey for various supply demand scenarios. The solutions offered by the model are compared with the current situation in the region. It is shown that the proposed model gives at least %25 more effective solutions. Moreover, sensitivity analysis on the budget constraint is conducted, and robustness of the model is empirically illustrated.
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- 2021
262. Reliability of spare routing via intersectional minimal paths within budget and time constraints by simulation
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Yi-Kuei Lin, Cheng Fu Huang, and Chin Chia Chang
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Mathematical optimization ,021103 operations research ,Computer science ,Reliability (computer networking) ,0211 other engineering and technologies ,Process (computing) ,General Decision Sciences ,02 engineering and technology ,Management Science and Operations Research ,Transmission (telecommunications) ,Spare part ,Path (graph theory) ,Transmission time ,Routing (electronic design automation) ,Budget constraint - Abstract
A stochastic flow network composed of multistate arcs can be utilized to describe several practical systems such as computer networks, where transmission time taken for sending data to a sink is an important index. Determining a path with minimum transmission time is known as the quickest path problem (QPP). All algorithms addressing the QPP assume that the determined minimal paths (MPs) are disjoint. Further, for the general case of intersectional MPs, if a congestion phenomenon occurs during the transmission process, these algorithms will lead to an incorrect outcome. Moreover, in practical scenarios, as a budget limit is considered, spare routing is applied to consolidate the system. The objective is to develop an algorithm based on Monte Carlo simulations (MCSs) for evaluating the system reliability while considering the congestion phenomenon. The system reliability is the probability that a specific amount of data can be transmitted successfully through multiple MPs under both time and budget constraints. Furthermore, spare routing to increase the system reliability is established in advance to specify the main and spare MPs. Experiments validate the evaluation of system reliability based on MCSs. The credibility and efficiency of the proposed algorithm are also discussed.
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- 2021
263. Paved guideway topology optimization for pedestrian traffic under Nash equilibrium
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Xiaojia Shelly Zhang, Yanfeng Ouyang, and Weichen Li
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Mathematical optimization ,Control and Optimization ,Topology optimization ,0211 other engineering and technologies ,02 engineering and technology ,Pedestrian ,Computer Graphics and Computer-Aided Design ,Computer Science Applications ,symbols.namesake ,Nonlinear system ,020303 mechanical engineering & transports ,0203 mechanical engineering ,Traffic congestion ,Control and Systems Engineering ,Nash equilibrium ,Path (graph theory) ,symbols ,Engineering design process ,Software ,Budget constraint ,021106 design practice & management - Abstract
Without proper flow channelization, congestion and overcrowding in pedestrian traffic may lead to significant inefficiency and safety hazards. Thus, the design of guideway networks that provide a fine balance between traffic congestion and infrastructure construction investment is vital. This paper presents a mathematical formulation and topology optimization framework for paved pedestrian guideway design under physics-based traffic equilibrium in a continuous space. Pedestrians are homogeneous, and their destination and path choices under the Nash equilibrium condition are described by a set of nonlinear partial differential equations. The design framework optimizes the deployment of pavement, which alters the road capacity and directly affects pedestrians’ free flow travel speed. A maximum crowd density constraint is included in the design model to address public safety concerns (e.g., over stampede risks). A series of numerical experiments are conducted to illustrate the effectiveness of the proposed model as well as solution techniques. The proposed framework, which builds on the traffic equilibrium theory, produces optimized guideway designs with controllable maximum pedestrian density, accounts for budget constraints (through an adjustable multiplier that balances pavement construction and travel costs), and allows for control of the spatial configuration of road branches. Comparison with lamellar structures and more conventional guideway designs demonstrates better performance of the outcomes from the proposed modeling and optimization framework.
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- 2021
264. An integer linear programming approach for pavement maintenance and rehabilitation optimization
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Matheus Gomes Correia, Ernesto Ferreira Nobre Júnior, Tibérius O. Bonates, and Bruno de Athayde Prata
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050210 logistics & transportation ,Rehabilitation ,Operations research ,Computer science ,medicine.medical_treatment ,05 social sciences ,0211 other engineering and technologies ,Pavement management ,Pavement maintenance ,ComputerApplications_COMPUTERSINOTHERSYSTEMS ,02 engineering and technology ,Mechanics of Materials ,ComputerApplications_MISCELLANEOUS ,021105 building & construction ,0502 economics and business ,medicine ,Integer programming ,Budget constraint ,Civil and Structural Engineering - Abstract
A highway in poor conditions can raise transportation costs. Due to budgetary constraints, pavement maintenance programming is considered a difficult decision-making problem. In this article we pro...
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- 2021
265. Multi-objective whale optimization algorithm and multi-objective grey wolf optimizer for solving next release problem with developing fairness and uncertainty quality indicators
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Kim-Hung Pho, Samad Nejatian, Hamid Parvin, Mohsen Ghasemi, and Karamollah Bagherifard
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Mathematical optimization ,Computer science ,media_common.quotation_subject ,Pareto principle ,Evolutionary algorithm ,02 engineering and technology ,Multi-objective optimization ,Set (abstract data type) ,Artificial Intelligence ,0202 electrical engineering, electronic engineering, information engineering ,020201 artificial intelligence & image processing ,Quality (business) ,Selection (genetic algorithm) ,Budget constraint ,media_common - Abstract
Selecting a set of requirements to implement in the next software release is an NP-Hard problem known as NRP. We propose multi-objective versions of grey wolf optimizer and whale optimization algorithm for solving bi-objective NRP. We used these two algorithms and three other evolutionary algorithms to solve NRP problem instances from four datasets. The cost-to-score ratio and the roulette wheel are used to satisfy constraints of the NRP problem. We compare obtained Pareto fronts based on eight quality indicators. In addition to four general multi-objective optimization quality indicators, the three aspects of fairness among clients and also uncertainty are reconfigured as quality indicators. These quality indicators are computed for a Pareto front. Results show that MOWOA performs better than others and makes requirement selection fairer. MOGWO works better than the rest when budget constraints are reduced.
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- 2021
266. COVID-19, Black jurisdictions, and budget constraints: how fiscal footing shapes fighting the virus
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Angela Simms
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Cultural Studies ,2019-20 coronavirus outbreak ,Sociology and Political Science ,Coronavirus disease 2019 (COVID-19) ,Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) ,05 social sciences ,0507 social and economic geography ,Fiscal capacity ,Metropolitan area ,0506 political science ,Fiscal policy ,Great recession ,Anthropology ,Development economics ,050602 political science & public administration ,Economics ,050703 geography ,Budget constraint - Abstract
In the United States (U.S.), most reports regarding racial disparities in incidence and death from COVID-19 understate the importance of majority-Black local jurisdictions’ fiscal capacity in shapi...
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- 2021
267. To the methodology of applied orientation of teaching mathematics
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Khodjabaeva Dilbar Kazaxbayevna and Saipnazarov Shaylovbek Aktamovich
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Action (philosophy) ,Mathematics education ,General Medicine ,Orientation (graph theory) ,Budget constraint ,Course (navigation) ,Indifference curve - Abstract
The article deals with the tasks of an applied nature. It was found out what preparatory tasks are advisable to consider when studying a course in mathematics. The article also indicates that the proposed tasks contribute to the development of applied mathematical culture, the development of the necessary skills for applying mathematical knowledge and methods of action when solving practical problems.
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- 2021
268. State Ownership and Debt Structure
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Sadok El Ghoul, Ruiyuan Chen, Omrane Guedhami, and Narjess Boubakri
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Corporate finance ,Structure (mathematical logic) ,Politics ,Debt ,media_common.quotation_subject ,Sample (statistics) ,Monetary economics ,Business ,Endogeneity ,Budget constraint ,State ownership ,media_common - Abstract
We provide the first firm-level evidence of the relation between state ownership and debt structure. Using an international sample of newly privatized firms (NPFs) from 76 countries over the 1998– 2017 period, we find that state ownership is associated with a more diversified debt structure. This evidence is more pronounced for higher levels of state control, and is robust to accounting for endogeneity, using alternative samples, and controlling for other owner types. Additional analysis shows that our main evidence is consistent with the soft budget constraint, political, and social views of state ownership. Our results have several policy implications for financial system stability and the efficient allocation of financial resources in the economy.
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- 2021
269. Intelligent Transportation Systems in a Developing Country: Benefits and Challenges of Implementation
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Mohammed Alsoub, Khaled Shaaban, and Mazen Elamin
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Middle East ,Risk analysis (engineering) ,Developing country ,Business ,Modernization theory ,Intelligent transportation system ,Budget constraint ,Transport infrastructure - Abstract
The increasing need for improving mobility and road safety has led developing countries to make significant changes in their infrastructure, especially when it comes to the modernization of the transport infrastructure. The purpose of this paper is to present the experience and challenges of the implementation of intelligent transportation systems (ITS) in Qatar, a developing country in the Middle East. ITS has been developed in the country and currently in the implementation stage. A detailed review of existing and proposed ITS technologies is provided. Many challenges were identified to achieve a fully functional, practical, and integratable ITS network. Some of these challenges include coordination with different stakeholders, adopting different countries’ ITS systems, keeping up with the technology, integration with existing systems, and budget constraints. The paper provides lessons learned that can benefit other developing countries going through the same transition.
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- 2021
270. Multi-Round Incentive Mechanism for Cold Start-Enabled Mobile Crowdsensing
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Liang Wang, Fei Hao, Xiaoming Wang, Yaguang Lin, Zhipeng Cai, and Akshita Maradapu Vera Venkata Sai
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Computer Networks and Communications ,Computer science ,Distributed computing ,Aerospace Engineering ,Approximation algorithm ,Rationality ,Task (project management) ,Incentive ,Crowdsensing ,Cold start ,Robustness (computer science) ,Automotive Engineering ,Task analysis ,Profitability index ,Electrical and Electronic Engineering ,Budget constraint - Abstract
Mobile CrowdSensing (MCS) has emerged as a novel paradigm for performing large-scale sensing tasks. Many incentive mechanisms have been proposed to encourage user participation in MCS. However, most of them ignore the inevitable cold start stage of MCS, where the MCS system has just begun releasing tasks. Also, they all adopt the single-round incentive without considerations of the continuous cumulative effect. Given the severe shortage of participants in the cold start stage of MCS, this paper proposes a Multi-Round Incentive Mechanism (MRIM). MRIM is based on monetary incentives by adopting multi-round cooperation and alternating between task information diffusion and task allocation operations, both of which are NP-hard problems even without inter-round coupling imposed by system budget constraints. We explore a method to predict the probability of users participating in tasks accurately. Furthermore, we present an efficient task information diffusion algorithm to maximize the number of users participating in tasks by submitting bids. We propose a fast task allocation algorithm based on truthful auction, comprising an approximation algorithm for solving the one-round winner selection and payment calculation. With budget constraints, MRIM maximizes the number of completed tasks by iteratively performing task information diffusion and task allocation. We also prove that MRIM also possesses desired properties such as computational efficiency, user rationality, platform profitability, and price truthfulness, which can further guarantee the robustness of MRIM. The extensive simulations conducted on real-world datasets have proved the efficiency of MRIM.
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- 2021
271. The role of budget constraints in human resources management of organization
- Author
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V.V. Mortikov
- Subjects
Human resource management ,Business ,Environmental economics ,Budget constraint - Published
- 2021
272. Adoption of management control systems and performance in public sector organizations
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Teresa Felício, Ricardo Rodrigues, and António Samagaio
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Marketing ,Hardware_MEMORYSTRUCTURES ,Knowledge management ,business.industry ,05 social sciences ,Public sector ,Effective management ,Sample (statistics) ,Work (electrical) ,New public management ,0502 economics and business ,050211 marketing ,Relevance (information retrieval) ,business ,050203 business & management ,Budget constraint ,Management control system - Abstract
Public sector organizations have the responsibility to provide public services, while having to deal with a dynamic and turbulent environment and budget constraints. The pressure to innovate and improve performance has led these organizations to look for more effective management methods and tools. Management Control Systems (MCS) have been used to improve organizations’ performance and previous studies show their relevance in private and non-profit sectors, but there is a gap in the literature concerning the adoption of MCS in the public sector. This work aims to study the adoption and impact of MCS in a sample of public organizations. Based on fsQCA, our study shows how MCS are associated with the accomplishment of organizational objectives. These results contribute to the ongoing academic debate on MCS in the public sector, while being useful for top managers in public sector organizations aiming to improve the performance through the implementation of MCS packages.
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- 2021
273. Task Duplication-Based Scheduling Algorithm for Budget-Constrained Workflows in Cloud Computing
- Author
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Zongyin Zhang, Changjiu Pu, and Fuguang Yao
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Schedule ,General Computer Science ,Computer science ,Distributed computing ,Cloud computing ,02 engineering and technology ,Scheduling (computing) ,Task (project management) ,Idle ,020204 information systems ,0202 electrical engineering, electronic engineering, information engineering ,workflow scheduling ,resource provision ,General Materials Science ,Resource management ,Budget constraint ,020203 distributed computing ,Job shop scheduling ,business.industry ,heuristic mechanism ,General Engineering ,task duplication ,Workflow ,lcsh:Electrical engineering. Electronics. Nuclear engineering ,business ,lcsh:TK1-9971 - Abstract
Workflow scheduling is crucial to the efficient operation of cloud platforms, and has attracted a lot of attention. Up to now, many algorithms have been reported to schedule workflows with budget constraints, so as to optimize workflows' makespan on cloud resources. Nevertheless, the hourly-based billing model in cloud computing is an ongoing challenge for workflow scheduling that easily results in higher makespan or even infeasible solutions. Besides, due to data constraints among workflow tasks, there must be a lot of idle slots in cloud resources. Few works adequately exploit these idle slots to duplicate tasks' predecessors to shorten their completion time, thereby minimizing workflow's makespan while ensuring its budget constraint. Motivated by these, we propose a task duplication based scheduling algorithm, namely TDSA, to optimize makespan for budget-constrained workflows in cloud platforms. In TDSA, two novel mechanisms are devised: 1) a dynamic sub-budget allocation mechanism, it is responsible for recovering unused budget of scheduled workflow tasks and redistributing remaining budget, which is conducive to using more expensive/powerful cloud resources to accelerate completion time of unscheduled tasks; and 2) a duplication-based task scheduling mechanism, which strives to exploit idle slots on resources to selectively duplicate tasks' predecessors, such advancing these tasks' completion time while trying to ensuring their sub-budget constraints. At last, we carry out four groups of experiments, three groups on randomly generated workflows and another one on actual workflows, to compare the proposed TDSA with four baseline algorithms. Experimental results confirm that the TDSA has an overwhelming superiority in advancing the workflows' makespan (up to 17.4%) and improving the utilization of cloud computing resources (up to 31.6%).
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- 2021
274. Optimal bicycle trip impediments resolution by data fusion
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Johan Holmgren, Luk Knapen, KNAPEN, Luk, Holmgren, Johan, and Mathematics
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050210 logistics & transportation ,Matching (statistics) ,data fusion ,General Computer Science ,Operations research ,Computer science ,05 social sciences ,GPS traces ,02 engineering and technology ,Sensor fusion ,bicyclist ,SDG 17 - Partnerships for the Goals ,020204 information systems ,0502 economics and business ,0202 electrical engineering, electronic engineering, information engineering ,branch-and-bound ,Cluster analysis ,Set (psychology) ,Budget constraint ,impediment notification ,clustering - Abstract
We propose a method, whose purpose is to combine a set of GPS traces collected by bicyclists with a set of notifications of problematic situations to determine an optimal action plan for solving safety related problems in a t raffic network. In particular, we use optimization to determine which problem locations to resolve under a given budget constraint in order to maximize the number of impediment free trips. The method aims to suggest a priority of impediments to resolve, which would be manually infeasible. %A set of GPS traces for bicyclists and a set of notifications by bicyclists of problematic situations (spots identified by GPS records) had been collected independently. The data collection periods did not coincide but overlapped and none was contained in the other one. The aim of our work is to use both datasets to determine an optimal action plan for problem solving given a limited budget. The proposed method consists of two steps. First, problematic locations are clustered, where each cluster corresponds to a so-called impediment. Each impediment is associated with trips nearby using a distance function. The trip set is partitioned by matching each trip with the largest set of its affecting impediments. Solving all impediments associated with such a part induces a cost and makes the associated part of trips impediment free. The second step aims to find the set of impediments that can be solved with a given budget and that makes the maximum number of trips impediment free. A branch-and-bound optimizer for the second step is presented and evaluated. The clustering parameters affect the set of identified impediments and the extent of each of them. In order to evaluate the sensitivity of the result to the clustering parameters a technique is proposed to consistently estimate the impediment resolution cost. Our study aims to support the interactive urban designer to improve the urban bicycle road infrastructure. By providing a method to prioritize between impediments to resolve, it also aims to contribute to a safer and more attractive traffic situation for bicyclists. The research leading to this paper was partially supported by the Smarta Ofentliga Miljöer II (SOM II) project of the Lund (Sweden) municipality by supplying data.
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- 2021
275. Preemptive Parallel Job Scheduling for Heterogeneous Systems Supporting Urgent Computing
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Mulya Agung, Hiroyuki Takizawa, Henning Weber, Yuta Watanabe, and Ryusuke Egawa
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Job scheduler ,020203 distributed computing ,preemption ,Job scheduling ,General Computer Science ,Computer science ,Process (engineering) ,Distributed computing ,General Engineering ,Preemption ,Processor scheduling ,02 engineering and technology ,computer.software_genre ,heterogeneous systems ,Scheduling (computing) ,urgent computing ,0202 electrical engineering, electronic engineering, information engineering ,020201 artificial intelligence & image processing ,General Materials Science ,lcsh:Electrical engineering. Electronics. Nuclear engineering ,computer ,process swapping ,lcsh:TK1-9971 ,Budget constraint - Abstract
Dedicated infrastructures are commonly used for urgent computations. However, using dedicated resources is not always affordable due to budget constraints. As a result, utilizing shared infrastructures becomes an alternative solution for urgent computations. Since the infrastructures are meant to serve many users, the urgent jobs may arrive when regular jobs are using the necessary resources. In such a case, it is necessary to preempt the regular jobs so that urgent jobs can be executed immediately. Most conventional methods for job scheduling have focused on reducing the response times and waiting times of all jobs. However, these methods can delay urgent jobs and hinder them from being completed within a stipulated deadline. Furthermore, in heterogeneous systems with coprocessors, preemption becomes more difficult because coprocessors rely on several system software functionalities provided by the host processor. In this paper, we propose a parallel job scheduling method to effectively use shared heterogeneous systems for urgent computations. Our method employs an in-memory process swapping mechanism to preempt jobs running on the coprocessor devices. The results of our simulations show that our method can achieve a significant reduction in the response time and slowdown of regular jobs without substantial delays of urgent jobs.
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- 2021
276. Underground economy and GDP growth: Evidence from China’s tax reforms
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Zhang Li and Yu kun Wang
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0301 basic medicine ,Estimation ,030106 microbiology ,Liability ,Tax reform ,Tax rate ,Simultaneous equations model ,03 medical and health sciences ,0302 clinical medicine ,Economy ,Dummy variable ,Economics ,030212 general & internal medicine ,China ,Budget constraint - Abstract
Since 1991, China has implemented two significant tax reforms. The first reform, in 1994, was a large-scale adjustment of the tax distribution system between the central and local governments, and the second reform, in 2012, replaced business tax with value-added tax. Also, the size of China’s underground economy decreased from 13.55% in 1995 to 12.30% in 2016. The paper presents an evaluation of the effect of the two tax reforms and the existing underground economy on GDP growth in China. GDP is defined as explained variable, the explanatory variables include: the ratio of declared income to actual income, the change of concealed income, and the influence of tax rate change on declared income and concealed income. According to the tax reform in 1994 and 2012, two dummy variables are set respectively. In methodology, this paper uses Simultaneous equations model, SUR-OLSs and Slutsky identity. Our estimation is based on the official statistics of China National Bureau of Statistics in the period from 1991 to 2019. In empirical analysis, we decomposed tax changes into tax rate effect (change of budget constraint slope) and income effect (change of tax liability), then analyzed the impact of tax elasticity on GDP growth. The empirical results demonstrate that both the 1994 tax reform and 2012 tax reform have had a positive impact on GDP, with high statistical significance respectively. The results also confirm that the increase of tax rate leads to the increase of hidden income, which eventually leads to the decrease of GDP. The offered methodology can also be applied to most countries for time series analyses. For citation Wang Y.K., Zhang L. Underground economy and GDP growth: Evidence from China’s tax reforms. Journal of Tax Reform. 2021;7(1):87–107. DOI: 10.15826/jtr.2021.7.1.092 Article info Received December 15, 2020; Revised February 26, 2021; Accepted March 15, 2021
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- 2021
277. Influencing Opinion Dynamics in Networks with Limited Interaction
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Neeraja Sahasrabudhe, Sharayu Moharir, and Anmol Gupta
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Social and Information Networks (cs.SI) ,FOS: Computer and information sciences ,Focus (computing) ,Computer science ,media_common.quotation_subject ,Voter model ,Computer Science - Social and Information Networks ,Systems and Control (eess.SY) ,Collective opinion ,Electrical Engineering and Systems Science - Systems and Control ,Microeconomics ,Work (electrical) ,Opinion dynamics ,Control and Systems Engineering ,FOS: Electrical engineering, electronic engineering, information engineering ,Function (engineering) ,Budget constraint ,media_common - Abstract
The focus of this work is on designing influencing strategies to shape the collective opinion of a network of individuals. We consider a variant of the voter model where opinions evolve in one of two ways. In the absence of external influence, opinions evolve via interactions between individuals in the network, while, in the presence of external influence, opinions shift in the direction preferred by the influencer. We focus on a finite time-horizon and an influencing strategy is characterized by when it exerts influence in this time-horizon given its budget constraints. Prior work on this opinion dynamics model assumes that individuals take into account the opinion of all individuals in the network. We generalize this and consider the setting where the opinion evolution of an individual depends on a limited collection of opinions from the network. We characterize the nature of optimal influencing strategies as a function of the way in which this collection of opinions is formed., 6 pages
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- 2021
278. A study and identification of the time and cost overrun in the construction project
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Anand babu Chandragiri, N. Lingeshwaran, Syed Hamim Jeelani, and Salim Akthar
- Subjects
Cost overrun ,Time delays ,Identification (information) ,Risk analysis (engineering) ,Scheduling (production processes) ,Crash ,Expansion joint ,Plan (drawing) ,Business ,Budget constraint - Abstract
The construction industry features a major impact on all country economies. It is one among the components that contributes to the expansion of any economy. The achievement of the project's goal and goals within the time and budget constraints is critical to any project's success. In this article, an attempt has been made to figure out how much time is delayed and how much cost is overrun on the Kanaka Durga Flyover in Vijayawada. Planning of the Kanaka Durga flyover alignment plan and crash barrier & expansion joints progress map using AutoCAD software were done. It is found that due to river Krishna Pushkaralu, unexpected water overflow at barrage, lack of machinery and its maintenance, lack of skilled labor pool and improper scheduling and high change of project scopes are the explanations liable for delays. As a result, it is often concluded that the careful planning and follow-up will help to stop cost overruns and time delays.
- Published
- 2021
279. Sağlık ve Beslenme Ekonomisi: Diyetisyen ve Maliyet-Yarar Analizi
- Author
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Ayla Gülden Pekcan, HKÜ, Sağlık Bilimleri Fakültesi, Beslenme ve Diyetetik Bölümü, and Pekcan, Ayla Gülden
- Subjects
Nutrition Interventions ,Clinical effectiveness ,business.industry ,Clinical nutrition ,Disease ,maliyet ,diyetisyen ,ekonomi ,sağlık ,Nursing ,Intervention (counseling) ,yarar ,Medicine ,etkinlik ,Cost benefit ,Medical nutrition therapy ,business ,beslenme ,Budget constraint - Abstract
Beslenme ve sağlık ekonomisi sonuçları arası ilişki birey ve toplum düzeyinde önem taşımaktadır. Günümüzde sağlık bakım hizmetleri yüksek mali sınırlılıklar yaşamakta ve eldeki olanaklarla maksimum olası sağlık yararlarının sağlanabilmesi için politika yapıcılar ile sağlık bakım hizmeti sunanlar büyüyen baskı altındadır. Çalışmalar hastalıkların tedavisi için diyetisyen tarafından verilen yüz yüze tıbbi beslenme tedavisinin klinik etkinlikte, maliyet ve yararında önemli iyileşme sağladığını göstermektedir. Beslenme müdahalelerinin ve tıbbi beslenme tedavisinin maliyet ve yararını değerlendirmek üzere ekonomik çerçevenin oluşturulması gelecekte yürütülecek olan araştırmalarda önemli bir alanı oluşturacaktır. Bu derleme yazıda diyetisyen tarafından verilen tıbbi beslenme tedavisinin maliyet ve yararı, klinik etkinliği özetlenecektir. The relationship between nutrition and health economic outcomes is important at both in the individual and the populationlevel. Nowadays, health-care systems are currently facing tremendous budget constraints resulting in growing pressureon decision makers and health-care providers to obtain the maximum possible health benefits of the resources available.Studies show that, face-to-face medical nutrition therapy by a dietitian for the treatment of disease led to significantimprovements in clinical effectiveness and cost benefit. Development of an economic framework to evaluate costs andbenefits from nutrition interventions and medical nutrition treatments are a potential area for future research. This reviewsummarizes some studies of medical nutrition therapy in which health-related economic and clinical nutrition implicationsof the intervention by dietitians have been addressed.
- Published
- 2020
280. Innovation management in crisis: patent analytics as a response to the COVID‐19 pandemic
- Author
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Peter M. Bican, Frederik J. Riar, Sarbani Chattopadhyay, and Carsten C. Guderian
- Subjects
2019-20 coronavirus outbreak ,Coronavirus disease 2019 (COVID-19) ,Economics ,Strategy and Management ,300 Social sciences, sociology & anthropology ,Innovation management ,Crisis response ,050905 science studies ,Management of Technology and Innovation ,ddc:650 ,0502 economics and business ,Pandemic ,650 Management & public relations ,ddc:330 ,Business and International Management ,Budget constraint ,Industrial organization ,business.industry ,05 social sciences ,General Business, Management and Accounting ,330 Economics ,Annuity (European) ,Analytics ,0509 other social sciences ,business ,050203 business & management - Abstract
Crises like the COVID-19 pandemic affect firms’ innovation management and decision making. On the downside, crises lead to detriments like budget constraints, to which firms often respond by reducing their innovation activities. On the upside, crises are opportunities, where some firms exploiting changing market requirements and necessities excel. No matter in which direction, decision makers must react quickly but often rely on ad-hoc decisions or even gut feeling when drafting their crisis response strategies. Through a series of distinct cases, we demonstrate that innovation management may fill this void through patent analytics. Drawing on biochemical expertise, we particularly describe the functions and effects of COVID-19. To counter downside detriments, firms may circumvent budget constraints by discerning patents that can be (1) monetized, for example via sales or licensing deals, or (2) abandoned to achieve cost-savings, allowing firms to maintain their innovation activities. To realize upside opportunities, firms and governments may use patent analytics to detect key biotechnology firms that are likely to successfully develop treatments and vaccinations against pandemics like COVID-19. Promulgated U.S. interest in relocating foreign firms to the United States is not without technological and commercial reasoning. Herein, the insights of this study contribute to a better understanding of the use of patent information, such as smart patent indicators, harmonized patent data, novel annuity fee measures, and hand-collected datasets of COVID-19 and related antibodies’ patents to the management of innovation in times of crisis.
- Published
- 2020
281. Hardening the budget constraint: Institutional reform in the financial management of Hungarian local governments
- Author
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Tamás Vasvári
- Subjects
Financial management ,Economics and Econometrics ,Politics ,Consolidation (business) ,business.industry ,Economic policy ,Central government ,Local government ,Economics ,Financial independence ,business ,Budget constraint ,Bailout - Abstract
Kornai (2014) described the problems of municipal indebtedness in Hungary and analysed the process of bailout carried out between 2011 and 2014. In the same period, the central government also reformed the local government system, which included serious limitations of their financial independence. This study re-examines the state of the soft budget constraint (SBC) of Hungarian local governments. To start, the general theoretical framework of SBC is introduced. Then, the budget constraint on the Hungarian local governments before the bailout is described briefly, followed by an assessment of the corresponding measures which were expected to offset the negative messages of the completed bailout and to harden the budget constraint. The study concludes that the central government decided to harden the budget constraint through the introduction of new hierarchical mechanisms, while the development of fiscal discipline stopped. On the one hand, this resulted in the consolidation of municipal budgets, but on the other, it was accompanied by a serious limitation of local autonomy, projects and borrowing in general, while the central government employs specific administrative tools to show favour to some settlements according to its (political) interests.
- Published
- 2020
282. Resilient Sensor Placement for Kalman Filtering in Networked Systems: Complexity and Algorithms
- Author
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Lintao Ye, Sandip Roy, and Shreyas Sundaram
- Subjects
0209 industrial biotechnology ,Control and Optimization ,Computer Networks and Communications ,Computer science ,Systems and Control (eess.SY) ,02 engineering and technology ,Electrical Engineering and Systems Science - Systems and Control ,Linear dynamical system ,020901 industrial engineering & automation ,FOS: Mathematics ,FOS: Electrical engineering, electronic engineering, information engineering ,Computer Science::Networking and Internet Architecture ,0202 electrical engineering, electronic engineering, information engineering ,Mathematics - Optimization and Control ,Time complexity ,Budget constraint ,020206 networking & telecommunications ,Directed graph ,Kalman filter ,Covariance ,Optimization and Control (math.OC) ,Control and Systems Engineering ,Control system ,Signal Processing ,Graph (abstract data type) ,Algorithm - Abstract
Given a linear dynamical system affected by noise, we study the problem of optimally placing sensors (at design-time) subject to a sensor placement budget constraint in order to minimize the trace of the steady-state error covariance of the corresponding Kalman filter. While this problem is NP-hard in general, we consider the underlying graph associated with the system dynamics matrix, and focus on the case when there is a single input at one of the nodes in the graph. We provide an optimal strategy (computed in polynomial-time) to place the sensors over the network. Next, we consider the problem of attacking (i.e., removing) the placed sensors under a sensor attack budget constraint in order to maximize the trace of the steady-state error covariance of the resulting Kalman filter. Using the insights obtained for the sensor placement problem, we provide an optimal strategy (computed in polynomial-time) to attack the placed sensors. Finally, we consider the scenario where a system designer places the sensors under a sensor placement budget constraint, and an adversary then attacks the placed sensors subject to a sensor attack budget constraint. The resilient sensor placement problem is to find a sensor placement strategy to minimize the trace of the steady-state error covariance of the Kalman filter corresponding to the sensors that survive the attack. We show that this problem is NP-hard, and provide a pseudo-polynomial-time algorithm to solve it.
- Published
- 2020
283. Does fiscal stance affect inflation expectations? Evidence for European economies
- Author
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Tomasz Łyziak and Joanna Mackiewicz-Łyziak
- Subjects
Economics and Econometrics ,media_common.quotation_subject ,05 social sciences ,Economics, Econometrics and Finance (miscellaneous) ,0211 other engineering and technologies ,Economic agents ,02 engineering and technology ,Fiscal policy ,Economy ,Debt ,0502 economics and business ,Fiscal theory of the price level ,Economics ,Survey data collection ,021108 energy ,050207 economics ,Fiscal sustainability ,Budget constraint ,Intuition ,media_common - Abstract
According to the fiscal theory of the price level, in a non-Ricardian regime, high public debt should lead to a price-level increase so as to fulfill intertemporal government budget constraint. Forward-looking agents should anticipate this rise by pushing up their inflation expectations. This study tests the above hypothesis by analyzing the impact of fiscal sustainability on the formation of inflation expectations by private-sector agents – consumers and professional forecasters – in European countries. In the study, we estimate models of inflation expectations, and we include public debt among the explanatory variables. The novelty of this study lies in our analysis of whether the relationship between public debt and inflation expectations is affected by the degree to which fiscal policy is sustainable in European economies. We find that fiscal stance influences the inflation expectations of consumers and professional forecasters. Contrary to intuition, the reaction of consensus economic forecasts to public debt in countries with sustainable fiscal policies seems stronger than in economies with less disciplined fiscal policies. This may suggest that fiscal authorities are constrained by the way in which private-sector agents form their expectations, conducting more responsible fiscal policy in countries where the reaction of economic agents to fiscal variables is stronger.
- Published
- 2020
284. Agents of centralization? Local school administrations and contested school closures in Norwegian rural districts
- Author
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Aadne Aasland and Susanne Søholt
- Subjects
Governance system ,Multi-level governance ,School administration ,Sociology and Political Science ,media_common.quotation_subject ,Geography, Planning and Development ,0211 other engineering and technologies ,0507 social and economic geography ,02 engineering and technology ,Norwegian ,Development ,Public administration ,Political science ,Local council ,Budget constraint ,media_common ,05 social sciences ,Social environment ,Centralization ,021107 urban & regional planning ,language.human_language ,Local community ,Rural schools ,language ,050703 geography ,Autonomy - Abstract
In recent decades, the number of schools in Norwegian rural municipalities has been reduced substantially, often accompanied by much contestation in the local community. In Norway's decentralized governance system, the municipal-level authorities have autonomy over decisions on school structure. However, municipal school administrations may have considerable indirect influence, inter alia in preparing the cases prior to meetings of the local council. This article examines experiences with, perceptions of and main concerns with school-closure processes among those handling school issues in the municipalities. It builds on an online survey of the local school administrations in Norwegian municipalities with fewer than 15,000 inhabitants, as well as case studies in three municipalities where school closure was or had recently been high on the agenda. Although the municipal school administrations recognize the importance of local schools for the communities, their primary concern is to secure a good learning and social environment for pupils, within the defined budgetary constraints. In contested cases, this usually leads them to side with politicians favoring closure. However, acknowledging the importance of the school for the community and the risks of local tensions, municipal school administrations also stress the importance of transparent and open discussions among those involved, before a decision is made.
- Published
- 2020
285. A Generalized Dynamic Planning Framework for Green UAV-Assisted Intelligent Transportation System Infrastructure
- Author
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Michael C. Lucic, Yehia Massoud, and Hakim Ghazzai
- Subjects
021103 operations research ,Offset (computer science) ,Computer Networks and Communications ,Computer science ,business.industry ,Real-time computing ,0211 other engineering and technologies ,02 engineering and technology ,Energy consumption ,Computer Science Applications ,Renewable energy ,Capital expenditure ,Control and Systems Engineering ,Electrical and Electronic Engineering ,Transceiver ,Operating expense ,business ,Intelligent transportation system ,Budget constraint ,Information Systems - Abstract
Roadside unit (RSU) planning is vital for the operation of an intelligent transportation system (ITS). RSUs provide ground coverage limited by obstacles. Unmanned aerial vehicles (UAVs) can complement RSU coverage by providing flexible connectivity capable of adapting coverage for traffic fluctuations, energy consumption, and budgetary constraints that all have effects on ITS operations. This article proposes a general RSU/UAV joint planning solution, where complex dynamic parameters are investigated. The objective is to maximize the effective coverage of placed RSUs and UAV docks given: a budget comprised of periodic operating expenses and capital expenditures, limitations of the ground transceivers and UAVs, and use of renewable energy to offset the on-grid electricity cost. We formulate a mixed-integer quadratically constrained problem that can determine the optimal placement of RSUs and UAV stations, RSU activation schedules, if solar panels are attached, and their coverage during each time period. Due to NP-hard complexity of such a planning problem, we design a heuristic algorithm that produces suboptimal solutions in less time. Afterward, we perform a sensitivity analysis and show that changes to the parameters lead to logical shifts in infrastructure coverage. Additionally, we visualize the algorithm's performance on a large setting—Manhattan Island.
- Published
- 2020
286. Budget, motives and strategies for financial independence of undergraduates
- Author
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Elena S. Avramenko, Anna V. Diachkova, and Mavzuna Kh. Melikova
- Subjects
lcsh:Management. Industrial management ,Opportunity cost ,business.industry ,Applied economics ,media_common.quotation_subject ,Financial independence ,Accounting ,Context (language use) ,student's budget ,Bachelor ,financial independence of students ,student labor activity ,soft budget constraint ,Work (electrical) ,lcsh:HD28-70 ,Order (exchange) ,student’s budget ,financial strategies ,business ,Budget constraint ,media_common - Abstract
Introduction.The problems of scientific analysis, where the subject of study is the financial independence of undergraduates, mainly focuses on two directories: the study of the academic performance of undergraduate and the factors affecting it; financial condition of undergraduate depending on tuition fees. In modern studies, the issues of financial independence of students, their budget are not given due attention. The employment of students is often seen as one of the factors that negatively affect their academic performance, or in the context of forced work caused by high tuition fees. In today’s pandemic realities, the aspect of the financial independence of students is actualized, while the problem of students’ labor activity during training is of scientific and practical interest as a forced measure to maintain their well-being in order to gain financial independence. Materials and methods.The survey was attended by: 2-4-year students of the Bachelor’s degree program “Applied Economics and Finance” (38.03.01 Economics) of the Institute of Economics and Management of Ural Federal University was carried out. The total number of students in 2-4 courses on the program is 284. Results and discussion.As a result of the study, the key motives for obtaining financial independence have been identified, which boil down either to the forced need to find finances, or to the desire to obtain financial independence and the formation of labor and financial competencies; formulated the basic financial strategies of students in relation to budget planning, budget optimization – passive as an orientation towards transfers from parents and the state, active as a search for grant support or going to work; it was found that the problem of choosing between work and study as an additional criterion included opportunity costs, measured as deterioration in academic performance; it was found that significant financial support from parents (family) and its increase with an increase in student spending forms a “soft budget constraint” for a student, reducing the motivation to gain financial independence. It was founded that more than 20% of 2-4-year students have part-time gob, while 2/3 of the working students do not “sacrifice” their studies for work. This is due to the fact that the motivation for choosing a job is voluntary. The survey data allowed to conclude that students are focused both on the improving of labor and financial competencies. It was revealed that the main source of income for their budget is transfers from parents (more than 90%) but own earns are less than 6% of the student budget. It should be noted that there was a large range in the students’ income: from 2,500 to 36,000 rubles. This may be due to both the income of the family in which the student lives and the model of financial support of the parents: they admit the independence of students according to their budget or the autonomy of their student children is practically absent. Conclusion.The results of this study are aimed at comprehending the educational, scientific, labor activity of a student, taking into account the motives for obtaining financial independence, which can be taken into account in the design of individual educational trajectories of students, the development of grant projects and offers of internship, educational loans, which together ensure the strengthening of the financial independence of students.
- Published
- 2020
287. ECONOMIC EFFICIENCY OF DETERMINING THE MARKET PRICE OF CONSTRUCTION RESOURCES WITHIN THE LIMITED BUDGET
- Author
-
Serhii Sichnyi
- Subjects
Economic efficiency ,Operations research ,Computer science ,business.industry ,determination of market value of construction resources ,Sample (statistics) ,cost of construction ,cost of resources in construction ,estimated price of resources ,lcsh:Social Sciences ,lcsh:H ,Market research ,Resource (project management) ,market research ,Scalability ,Market price ,Market value ,business ,analysis of current prices in the market of construction materials ,Budget constraint - Abstract
The article examines the analysis of current prices in the market of building materials, products, structures, machines, and mechanisms (construction resources), which is performed by construction participants. The aim of the article is to study the possibility of achieving the maximum economic effect of the analysis of current prices in the market of construction resources within a limited budget. A universal mathematical approach is proposed to calculate the economic effect of the analysis of current prices in the market of construction resources, which is based on a selective method of the research of the market value of construction resources. The calculations take into account the difference between the real resources presented on the market and the estimated construction resources (resource position of the estimate), between the market price and the estimated market price of the construction resource. While performing the analysis of current prices on the market of construction resources in the given conditions of the limited budget the option to reduce the general list of resources by a selection of the optimum list with an application of methods of discrete optimization is offered. The condition for the formation of an abbreviated list of resources is the maximum economic effect that can be obtained from the analysis of current prices for selected resources. Method of heuristic rules is proposed, which allow to significantly reducing the initial list of resources by a simple analysis of input data. The application of these rules allows to reduce the variability of input data for discrete optimization or not to carry it out at all, because the amount of resources selected with their help satisfies the condition of the budget constraint. Recommendations on the composition of the source data are given – this is the project documentation and/or the market price of construction resources as a basis for comparison and information on the range of market prices (scope of sample variation) for the resources included in the study. In the article there are given examples of the practical application of the technique in the conditions of the construction industry in Ukraine. In general, the proposed approach can be used at all stages of variant BIMdesign, when it is necessary to determine the most optimal composition of structures and resources that meet the requirements for the life cycle of the object. Including under the condition of gradual detailing of constructs (an increase of LOD of the project), during designing, up to resources at a stage “Working project”. The main advantages of the proposed method are universality – it does not depend on the ultimate goal of the results of the customer and / or contractor and scalability – it can be applied to the structure, its individual design, or several resources.
- Published
- 2020
288. Environmental Externalities, Abatement Behavior and Pigovian Taxes
- Author
-
Ihori, Toshihiro, Sato, Ryuzo, editor, Ramachandran, Rama V., editor, Mino, Kazuo, editor, and Negishi, Takashi, editor
- Published
- 2001
- Full Text
- View/download PDF
289. Trend-Robust and Budget Constrained Optimum Designs
- Author
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Tack, L., Vandebroek, M., Müller, Werner A., editor, Bihn, Martina, editor, Atkinson, Anthony C., editor, Hackl, Peter, editor, and Müller, Werner G., editor
- Published
- 2001
- Full Text
- View/download PDF
290. The Monetary Theory of Private Property
- Author
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Engerer, Hella and Engerer, Hella
- Published
- 2001
- Full Text
- View/download PDF
291. Algorithms with Real Valued Coding
- Author
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Riechmann, Thomas, Müller, Werner A., editor, Bihn, Martina, editor, and Riechmann, Thomas
- Published
- 2001
- Full Text
- View/download PDF
292. Walras Equilibrium with Coordination
- Author
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Grodal, Birgit, Vind, Karl, Debreu, Gérard, editor, Neuefeind, Wilhelm, editor, and Trockel, Walter, editor
- Published
- 2001
- Full Text
- View/download PDF
293. Export Orientation and Its Impact on Enterprise Restructuring in Ukraine
- Author
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Akimova, Iryna, Hoffmann, Lutz, editor, and Möllers, Felicitas, editor
- Published
- 2001
- Full Text
- View/download PDF
294. Budget constraint and the valuation of environmental impacts in Thailand.
- Author
-
Kaenchan, Piyanon and Gheewala, Shabbir
- Subjects
BUDGET ,BIODIVERSITY ,WELL-being ,ECOSYSTEMS ,BIOMASS energy ,EMISSIONS (Air pollution) - Abstract
Purpose: This study aims to develop a valuation scheme for environmental impacts in Thailand. This would assist in integrating environmental concerns into economic assessment tools such as cost-benefit analysis (CBA), system of environmental-economic accounting (SEEA), etc., which could be used in policymaking. Methods: The damage categories considered are human health and ecosystem quality. The value of a quality-adjusted life year (QALY) measuring damage to human health is estimated using the budget constraint approach. The value of a biodiversity-adjusted hectare year (BAHY) measuring damage to ecosystems is calculated relatively to the value of a QALY. Results and discussion: Potential economic production per capita, which is considered as the willingness to pay (WTP) for a QALY, is in the range 458,000-566,000 Thai baht (THB) (equivalent to 14,000-18,000 USD where 1 USD ≈ 32 THB). The value of a BAHY, which is expressed in terms of the value of a QALY, is in the range 7900-9800 THB (or around 250-300 USD), based on the exchange rate between the protection targets for ecosystems and human well-being. These results are tested by applying to the monetization of potential environmental burdens from producing several biofuels and petroleum-based fuels in Thailand; the environmental externalities account for about 20-40 % of the retail price. Conclusions: The results can benefit policymakers in terms of decision-making on environmental management. Besides, the pathways to derive the monetary value of environmental impacts could be useful for other countries. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
295. A unifying approach to risk-measure-based optimal reinsurance problems with practical constraints.
- Author
-
Lo, Ambrose
- Subjects
- *
REINSURANCE , *REINSURANCE companies , *CREDIT risk management , *CONSTRAINT satisfaction , *INSURANCE companies - Abstract
The design of optimal reinsurance treaties in the presence of multifarious practical constraints is a substantive but underdeveloped topic in modern risk management. To examine the influence of these constraints on the contract design systematically, this article formulates a generic constrained reinsurance problem where the objective and constraint functions take the form of Lebesgue integrals whose integrands involve the unit-valued derivative of the ceded loss function to be chosen. Such a formulation provides a unifying framework to tackle a wide body of existing and novel distortion-risk-measure-based optimal reinsurance problems with constraints that reflect diverse practical considerations. Prominent examples include insurers’ budgetary, regulatory and reinsurers’ participation constraints. An elementary and intuitive solution scheme based on an extension of the cost–benefit technique in Cheung and Lo [Cheung, K.C. & Lo, A. (2015, in press). Characterizations of optimal reinsurance treaties: a cost–benefit approachScandinavian Actuarial Journal. doi:10.1080/03461238.2015.1054303.] is proposed and illuminated by analytically identifying the optimal risk-sharing schemes in several concrete optimal reinsurance models of practical interest. Particular emphasis is placed on the economic implications of the above constraints in terms of stimulating or curtailing the demand for reinsurance, and how these constraints serve to reconcile the possibly conflicting objectives of different parties. [ABSTRACT FROM PUBLISHER]
- Published
- 2017
- Full Text
- View/download PDF
296. Paths to stability for college admissions with budget constraints.
- Author
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Abizada, Azar
- Subjects
- *
UNIVERSITY & college admission , *BUDGET , *ELECTRONIC funds transfers , *PAIRED comparisons (Mathematics) , *BLOCKING sets - Abstract
We study two-sided matching problem considered in Abizada (Theor Econ 11(2), 735-756, 2016), where one side (colleges) can make monetary transfers (offer stipends) to the other (students) subject to budget constraints. Colleges have strict preferences over sets of students and value money only to the extent that it allows them to enroll better or additional students. A student can attend at most one college and receive a stipend from it. Each student has preferences over college-stipend bundles. Although in the presence of budget constraints, the conditions that are essential for most of the results on stability in the literature fail, Abizada (Theor Econ 11(2), 735-756, 2016) shows that for this model a pairwise stable allocation always exists. In this paper, we show that starting from an arbitrary allocation, there is a sequence of allocations, each allocation being obtained from the previous one by 'satisfying' a blocking pair, such that the final allocation is pairwise stable. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
297. Modeling a Multitarget Attacker-Defender Game with Budget Constraints.
- Author
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Guan, Peiqiu, He, Meilin, Zhuang, Jun, and Hora, Stephen C.
- Subjects
PUBLIC defenders ,TERRORISM financing ,CAPITAL investments ,CAPITAL budget ,COST effectiveness ,NASH equilibrium ,FINANCE - Abstract
Though the choices of terrorists' attack targets are vast, their resources are limited. In this paper, a game-theoretical model is proposed to study both the defender's (government) and the attacker's (terrorist) expenditures among multiple targets under budget constraints to guide investment in defense. We study how the defender's and the attacker's equilibrium allocations depend on the budget constraints, target valuations, cost effectiveness of their investments, and inherent defense levels of targets in both sequential-move and simultaneous-move games. The equilibrium solutions are provided using the Karush-Kuhn-Tucker conditions. At the subgame-perfect Nash equilibrium, the defender's total marginal effects are the same among targets. Moreover, the defender's total marginal effects can be decomposed into direct and indirect effects. We also use the multiple-infrastructure and multiple-urban-area data sets to demonstrate the model results. The regression analysis shows that both the attacker's and the defender's equilibrium investments increase with their own target valuations, because a higher valuation for themselves means a higher attractiveness. Interestingly, the attacker's equilibrium investment is negatively correlated with the defender's target valuations, since a higher defender's valuation would make it more difficult for the attacker to successfully attack the target. By contrast, the defender's equilibrium investment is positively correlated with the attacker's target valuations, as a higher attacker's valuations would increase the urgency for the defender to protect the target. To show the utility of the new model, we compare the results of this model and the model in which the defender assumes that only a single target will be attacked when there could actually be multiple targets attacked. Our results show that the defender will suffer higher expected losses if she assumes that the attacker will attack only one target. The analysis of the attacker's and the defender's budget constraints show that (a) the higher the budget the defender has, the less likely it is that her most valuable target will be attacked; (b) a higher proportion of defense resources should be allocated to the most valuable target if the defender's budget is low; and (c) the attacker is less concentrated on attacking the most valuable target and spreads the resources to attack more targets as his budget increases. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
298. A note on budget constraints and outside options in common agency.
- Author
-
Ko, Chiu
- Subjects
NASH equilibrium ,BUDGET ,COALITIONS ,GAME theory ,PROBLEM solving - Abstract
Bernheim and Whinston (Q J Econ 101:1-31, 1986) show that, in a common agency problem without budget constraints, the set of Nash equilibria with truthful strategies (TNE), the set of coalition-proof Nash equilibria (CPNE), and the principal-optimal core of the underlying coalitional game are non-empty and all equivalent in payoff space. We show that, with budget constraints, none of Bernheim and Whinston's (Q J Econ 101:1-31, 1986) results hold: (i) a CPNE may not exist, (ii) a TNE may not exist even when a CPNE exists, (iii) a TNE may not be a CPNE, and (iv) both TNE and CPNE payoffs are core allocations but are not necessarily principal-optimal. However, when principals have outside options but no budget constraints, (i), and (iii) continue to hold but not for (ii) and (iv). In particular, a TNE always exists but the core may be empty. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
299. Auctions vs. fixed pricing: Competing for budget constrained buyers.
- Author
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Selcuk, Cemil
- Subjects
- *
AUCTIONS , *BIDDERS , *ECONOMIC equilibrium , *PRICING , *GAME theory - Abstract
We investigate price mechanism selection in a setting where sellers compete for budget constrained buyers by adopting either fixed pricing or auctions (first or second price). We show that first and second price auctions are payoff equivalent when some bidders are financially constrained, so sellers are indifferent to adopt either format. We characterize possible equilibria and show that if the budget is high, then sellers compete via fixed pricing, if it is low then they compete via auctions, and if it is moderate then they mix, so both mechanisms coexist. The budget constraint becomes less binding if sellers use entry fees. Interestingly an improvement of the budget—e.g. letting customers pay in installments—may lead to fewer trades and a loss of efficiency. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
300. Vertical Fiscal Imbalance as an Integral Part of the Local Public Sector Financing: Its Determinants in the Case of New and Old European Union Member.
- Author
-
MALIČKÁ, Lenka
- Subjects
PUBLIC finance ,DECENTRALIZATION in government ,PUBLIC spending ,GOVERNMENT revenue ,BUDGET deficits - Abstract
Fiscal decentralization brings certain economic benefits, but also meets certain inconveniences. If the process of decentralization is realized in the mode, that the decentralization of expenditure and decentralization of revenue are divided, the success of its implementation is endangered. Excessive expenditure decentralization without adequate decentralization of revenues creates a gap, which is under the soft-budget constraints conditions completed by intergovernmental transfers. Intergovernmental transfers present a move of public financial resources from central level of government to local levels of government creating vertical fiscal imbalance. The theory is not clear about the eligibility of soft-budget constraints and vertical fiscal imbalance. The economic reality supports their existence and considers them as an integral part of local resources. In this paper vertical fiscal imbalances in the EU countries are analyzed. Using the panel regression with time effects for a sample of new and old EU member states, determinants of vertical fiscal imbalance are identified. Significant negative effect of public deficit and revenue decentralization is observed in all two samples. The impact of time effects differs according to the sample. This paper is published within the project VEGA no.1/0559/16. [ABSTRACT FROM AUTHOR]
- Published
- 2017
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