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Optimization Methods for a Stakeholder Society

A Revolution in Economic Thinking by Multi-objective Optimization

  • Book
  • © 2004

Overview

Authors:
  1. Willem K. Brauers

    1. Faculty of Applied Economics and Institute for Development Policy and Management, University of Antwerp, Belgium

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Part of the book series: Nonconvex Optimization and Its Applications (NOIA, volume 73)

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Table of contents (27 chapters)

  1. Front Matter

    Pages i-x
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  2. Introduction

    1. Introduction

      • Willem K. Brauers
      Pages 1-5

  3. The Link with More Traditional Economics

    1. Front Matter

      Pages 7-7
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    2. New Economics Against the History of Economic Thought

      • Willem K. Brauers
      Pages 9-16

    3. Success and Shortcomings of Econometric Models

      • Willem K. Brauers
      Pages 17-33

  4. The Advent of New Economics

    1. Front Matter

      Pages 35-35
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    2. Creative and Prospective Thinking

      • Willem K. Brauers
      Pages 37-64

    3. Simulation and Sensitivity Analysis

      • Willem K. Brauers
      Pages 65-70

    4. Scenario Writing

      • Willem K. Brauers
      Pages 71-83

  5. New Economics for a Stakeholder Society

    1. Front Matter

      Pages 85-85
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    2. Introduction to Multiple Objective Utility Theory

      • Willem K. Brauers
      Pages 87-109

    3. Some Traditional Methods to Approach the Problem of Multiple Objectives

      • Willem K. Brauers
      Pages 111-124

    4. Multifarious Comparisons for Objectives and Attributes

      • Willem K. Brauers
      Pages 125-138

    5. The Indifference Method

      • Willem K. Brauers
      Pages 139-145

    6. How to Optimize in A Stakeholder Society?

      • Willem K. Brauers
      Pages 147-148

  6. Reference Point Theory a Method to Compare Until Now Incomparable Alternatives

    1. Front Matter

      Pages 149-149
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    2. Reference Point Theory as a Solution for Multiobjective Utility

      • Willem K. Brauers
      Pages 151-170

    3. Project Planning, Analysis and Evaluation

      • Willem K. Brauers
      Pages 171-188

    4. Reference Point Theory in Seaport Planning

      • Willem K. Brauers
      Pages 189-204

    5. Privatization and Reference Point Theory

      • Willem K. Brauers
      Pages 205-213
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Keywords

About this book

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 reconcile a number of objectives, such as economic growth, employment and preservation of the ecosystem. Traditional methods, such as cost-benefit, are outmoded as they translate all these objectives into monetary costs, a materialistic approach. On the contrary, objectives have rather to stick to their own units, eventually indicators.

Authors and Affiliations

  • Faculty of Applied Economics and Institute for Development Policy and Management, University of Antwerp, Belgium

    Willem K. Brauers

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