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  • Articles  (4)
  • economics  (4)
  • Regulation
  • 1980-1984  (4)
  • Economics  (4)
  • 1
    Electronic Resource
    Electronic Resource
    Where do business economists go from here? (1984)
    Springer
    Annals of operations research 2 (1984), S. 29-37 
    Details
    ISSN: 1572-9338
    Keywords: Business ; forecasts ; economics ; alternatives ; executives
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01874731
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    Paper (German National Licenses)
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  • 2
    Electronic Resource
    Electronic Resource
    Shadow price principles applied to regulated pricing of natural gas (1984)
    Springer
    Annals of operations research 2 (1984), S. 285-316 
    Details
    ISSN: 1572-9338
    Keywords: Regulation ; shadow price ; economics ; markets ; natural gas
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract Inclusion of the shadow prices for natural gas in a dynamic fuels model for the United States shows that the primary reason for the relatively large, fly-up in new marginal gas prices in the early 1980's was the release of the pent-up price effects of the U.S. government's price regulations. In accordance with principles, the shadow price of natural gas fell siginificantly following de-regulation of the highcost gas (section 107) in 1980, which represented the precursor for downward adjustments in marginal wellhead prices of new high-cost gas and drilling activity. The modeling results show that no significant fly-up in new marginal gas prices for lower-cost gas (section 102) is likely to occur in 1985, when its phased de-regulation ends and it is finally de-regulated, because no shadow price precursor currently exists for this gas. Shadow price principles clear up the primary misconceptions with regard to natural gas pricing. This application indicates the significance of shadow price principles for regulated pricing in general.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01874745
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  • 3
    Electronic Resource
    Electronic Resource
    Initial basis for a national planning model (1984)
    Springer
    Annals of operations research 2 (1984), S. 329-334 
    Details
    ISSN: 1572-9338
    Keywords: nation ; technology ; economics ; environment ; tradeoff's ; policy
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract Analysis of pending national policy takes on greater importance each day to supply policy makers with much needed data on the overall economic effect such policies will have on total employment, income, output, tax revenues, and the general price level throughout the economy. This short paper examines the potential for integration of existing modeling technology into a meaningful national planning model to provide a sound set of economic indices leading to enhanced market efficiency and resource use. Initial efforts at integrated modeling and analysis are described, together with indications of their levels of success in replicating the existing economic environment. Emphasis is placed on determination of shadow prices in a growing economy and their incorporation into the systematic development of a national planning model.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01874747
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  • 4
    Electronic Resource
    Electronic Resource
    The treatment of uncertainty in mineral exploration and exploitation (1984)
    Springer
    Annals of operations research 2 (1984), S. 271-284 
    Details
    ISSN: 1572-9338
    Keywords: Search ; uncertainty ; economics ; exploration ; minerals
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract A sequential method of modeling the increase in precision of expected net revenues for a proposed exploration and exploitation program has been developed. Embedded within a computer simulation model of the exploration process, which incorporates a method of learning about deposit characteristics, is a multi-stage stochastic optimization process model to determine the optimal exploitation pattern of the deposit. This approach stresses the interdependence of the planning of the exploration and exploitation processes. The model can be used to determine the amount of exploration which should be undertaken in an area by more precisely predicting the long-range profitability associated with the amount of exploration. Thus, decision makers are provided a capability which reduces the uncertainty in profitability outcomes over future production periods.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01874744
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    Paper (German National Licenses)
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