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Applied Optimization

Modeling and Optimization of the Lifetime of Technologies

Authors: Hritonenko, Natali, Yatsenko, Yuri

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About this book

Modern economic growth is characterized by structural changes based on the introduction of new technologies into economics. The replacement and renova­ tion of technologies in industrial environments undergoing technical change is clearly one of the key aspects of economic development. The mathematical modeling of evolutionary economics under technical change (TC) has been rigorously considered by many authors during last decades. There is a wide variety of economic approaches and models describing different aspects of technical change. Among these are the models of embodied technical progress [19], [35], [70], [129], endogenous growth models [94], [102], the models of technological innovations [31], [32], [41], and others. The perspective self­ organization evolutionary approach is developed in [20], [38], [122], [123], [124], [126], which unites the aspects of diffusion of new technologies, technological and behavioral diversity of firms, learning mechanisms, age-dependent effects, and other important features of real-life economics. On the whole, an interest in evolutionary economics has brought considerable progress in the description and conceptualization of the sources, characteristics, direction and effects of technical change [125]. However, the modeling and control of technology lifetime under technical change has received rather little attention in mathematical economics in con­ trary to other aspects of technical progress. The lifetime of technologies has rarely been formally treated as a part of more general mathematical theory of economic dynamics. A problem which is still to be resolved consists in establishing the rational strategies of technologies' replacement under various assumptions on the behavior of technical change.

Table of contents (15 chapters)

Table of contents (15 chapters)

Buy this book

eBook $89.00
price for USA in USD
  • ISBN 978-1-4613-3446-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
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Hardcover $169.99
price for USA in USD
  • ISBN 978-0-7923-4014-0
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually ready to be dispatched within 3 to 5 business days.
Softcover $119.99
price for USA in USD
  • ISBN 978-1-4613-3448-4
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually ready to be dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Modeling and Optimization of the Lifetime of Technologies
Authors
Series Title
Applied Optimization
Series Volume
4
Copyright
1996
Publisher
Springer US
Copyright Holder
Kluwer Academic Publishers
eBook ISBN
978-1-4613-3446-0
DOI
10.1007/978-1-4613-3446-0
Hardcover ISBN
978-0-7923-4014-0
Softcover ISBN
978-1-4613-3448-4
Series ISSN
1384-6485
Edition Number
1
Number of Pages
XXXVI, 252
Topics

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