infonet-economy

The widespread terms "push" and "pull" are commonly used to characterise particular concepts ofsysem configuration and coordination. However, many publications present push and pull concepts in a confusing way. As there is no common sense of what these terms really mean and how they should be used, it is difficult to avoid inconsistency in the scientific…

This groundbreaking book discusses the significance of a microeconomic approach to the transformation process in Eastern Europe from a theoretical and empirical perspective. It reveals that microeconomic conditions constitute the framework for the successful restructuring and recovery of the post-socialist countries in Europe.

This paper proposes a `re-construction' of organization studies in order to deal with the chronic incommensurability that characterizes the discipline. The paper begins by discussing the issue of incommensurability between organization studies schools of thought, arguing that it represents a significant problem with which the field must cope. Ambiguity of the key constructs that…

We propose to use neural networks to value options when analytical solutions do not exist. The basic idea of this approach is to approximate the value function of a dynamic program by a neural net, where the selection of the network weights is done via simulated annealing. The main benefits of this method as compared to traditional approximation techniques are that there are no…

The paper presents the elements of a new methodology to control complex and hypercomplex socio-economic structures. The control process is iterative, combining the principles of System Dynamics, Control theory and the PROMETHEE Multicriteria Decision Aid (MCDA) methodology. It consists of three main stages: setting up and calibration of a quantitative model, definition of long-term…