A novel approach to stochastic input-output modeling
An approach to input-output modeling is proposed in which the inner consumption and the final demand are random. The main aspects of its novelty are: (a) the economy is allowed to be nonproductive with a certain probability ϰ ∈ [0,1); (b) the economy can be open, which means that import of the corre...
| Autor principal: | |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
EDP Sciences
2019
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/103474 |
| _version_ | 1855528291018997760 |
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| author | Kozicka, M. |
| author_browse | Kozicka, M. |
| author_facet | Kozicka, M. |
| author_sort | Kozicka, M. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | An approach to input-output modeling is proposed in which the inner consumption and the final demand are random. The main aspects of its novelty are: (a) the economy is allowed to be nonproductive with a certain probability ϰ ∈ [0,1); (b) the economy can be open, which means that import of the corresponding commodities is included in the model. In this approach, the production-and-import plan is set to be feasible if the probability of not satisfying the final demand does not exceed a certain value α ∈ (0,1). Then the problem of finding optimal plans consists in minimizing the production and import costs on the set of feasible plans. The solvability of this problem and properties of the solutions are studied and a concrete example of the stochastic input-output model is analyzed. |
| format | Journal Article |
| id | CGSpace103474 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2019 |
| publishDateRange | 2019 |
| publishDateSort | 2019 |
| publisher | EDP Sciences |
| publisherStr | EDP Sciences |
| record_format | dspace |
| spelling | CGSpace1034742024-05-01T08:17:52Z A novel approach to stochastic input-output modeling Kozicka, M. optimization methods stochastic models economic analysis production function An approach to input-output modeling is proposed in which the inner consumption and the final demand are random. The main aspects of its novelty are: (a) the economy is allowed to be nonproductive with a certain probability ϰ ∈ [0,1); (b) the economy can be open, which means that import of the corresponding commodities is included in the model. In this approach, the production-and-import plan is set to be feasible if the probability of not satisfying the final demand does not exceed a certain value α ∈ (0,1). Then the problem of finding optimal plans consists in minimizing the production and import costs on the set of feasible plans. The solvability of this problem and properties of the solutions are studied and a concrete example of the stochastic input-output model is analyzed. 2019-10 2019-08-30T12:12:56Z 2019-08-30T12:12:56Z Journal Article https://hdl.handle.net/10568/103474 en Limited Access EDP Sciences Kozicka, M. (2019) A novel approach to stochastic input-output modeling. RAIRO-Operations Research 53 (4) p. 1155-1169. ISSN: 0399-0559 |
| spellingShingle | optimization methods stochastic models economic analysis production function Kozicka, M. A novel approach to stochastic input-output modeling |
| title | A novel approach to stochastic input-output modeling |
| title_full | A novel approach to stochastic input-output modeling |
| title_fullStr | A novel approach to stochastic input-output modeling |
| title_full_unstemmed | A novel approach to stochastic input-output modeling |
| title_short | A novel approach to stochastic input-output modeling |
| title_sort | novel approach to stochastic input output modeling |
| topic | optimization methods stochastic models economic analysis production function |
| url | https://hdl.handle.net/10568/103474 |
| work_keys_str_mv | AT kozickam anovelapproachtostochasticinputoutputmodeling AT kozickam novelapproachtostochasticinputoutputmodeling |