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Helena Gaspars-Wieloch (2012/3, Articles, p. 303)

Limited Efficiency of Optimization Methods in Solving Economic Decision Problems

The author illustrates by means of numerical examples some economic decision problems (the choice of investment projects, the choice of optimum product mix, preparation of rankings for different objects based on incomparable criteria by means of standardized measures, the time-cost project analysis, the asset portfolio construction) for which the results generated by theoretically (...)




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