Optimization Methods for a Stakeholder Society A Revolution in Econo
For both public and private managers, the book Optimization Methods for a Stakeholder Society is today's key to answer the problem of a sustainable development world. This world has to take into account the meaning of all stakeholders involved and has to
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Nonconvex Optimization and Its Applications Volume 73 Managing Editor:
Panos Panlalos University ofFlorida, U.SA. Advisory Board:
J. R. Birge University ofMichigan, U.SA. Ding-ZhuDu University ofMinnesota, U.S.A.
c. A. Floudas Princeton University, U.SA. J. Mockus Lithuanian Academy ofSciences, Lithuania H. D. Sherali Virginia Polytechnic Institute and State University, U.SA.
G. Stavroulakis Technical University Braunschweig, Germany
OPTIMIZATION METHODS FOR A STAKEHOLDER SOCIETY A Revolution in Economic Thinking by Multi-objective Optimization
By WiDern K. Brauers Faculty of Applied Economies and Institute for Development Policy and Management University of Antwerp Belgium
Springer Science+ Business Media, LLC
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Library of Congress Cataloging-in-Publication Brauers, Willem K. Optimization Methods for a Stakeholder Society: A Revolution in Economic Thinking by Multi-objective Optimization ISBN 978-1-4613-4824-5 ISBN 978-1-4419-9178-2 (eBook) DOI 10.1007/978-1-4419-9178-2 Copyright © 2004 by Springer Science+ Business Media New York Originally published by Kluwer Academic Publishers 2004 Softcover reprint of the hardcover 1st edition 2004 All rights reserved. No part ofthis publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, e1ectronic, mechanical, photo-copying, microfilming, recording, or otherwise, without the prior written pennission ofthe publisher, with the exception of any material supplied specifically for the purpose ofbeing entered and executed on a computer system, for exclusive use by the purchaser ofthe work. Permissions for books published in the USA: perm; S s; on s@Wkap com Permissions for books published in Europe: [email protected] Printed on acid-free paper.
TABLE OF CONTENTS
Introduction
Which economics The aim of this work Notes introduction
1 1 2 5
PART I THE LINK WITH MORE TRADITIONAL ECONOMICS Chapter 1 New economics against the history of economic thought 1.1 Classical economists about objectives 1.2 General economic interdependence 1.3 The partial approach 1.4 The rise ofmathematics in econornics N otes chapter 1 Chapter 2 Success and shortcomings of econometric models 2.1 Significance of econometric models 2.2 Definition ofl/O and its relation to the Walrasian system 2.3 SAM and General Equilibrium Models 2.4 The stability ofthe technical coefficients and the inverse matrix 2.5 Structural changes and Input-Output 2.6 Benchmarking and Input-Output 2.7 Multiple objectives and multiple units in input-output analysis 2.8 Conclusions about traditional model building for application Notes chapter 2
9 9 9 10 12 14 17 17 20 21 22 24 26 26 28 30
PART TWO THE ADVENT OF NEW ECONOMICS Chapter 1 Creative and prospective thinking 1.1 Some preliminary definitions 1.2 Open discussion methods 1.3 Nominal methods 1.4 Nominal Group Technique 1.5 The Cross-Impact Technique Annex 1 A nominal group technique on the economic situation of the developing countries over the period 1987-1996 Annex 2 Application for th
