Dynamic Perspectives on Managerial Decision Making

This volume collects research papers addressing topical issues in economics and management with a particular focus on dynamic models which allow to analyze and foster the decision making of firms in dynamic complex environments. The scope of the contributions ranges from daily operational challenges firms face to strategic choices in dynamic industry environments and the analysis of optimal growth paths. The volume also highlights recent methodological developments in the areas of dynamic optimization, dynamic games and meta-heuristics, which help to improve our understanding of (optimal) decision making in a fast evolving economy.

Presents a dynamic perspective on decision making by economic agents Addresses both operational and strategic challenges firms face Highlights new developments in a wide range of methods covered, including optimal control, dynamic games, meta-heuristics Includes supplementary material: sn.pub/extras

Inhalt

Introduction.- I Economic Dynamics.- Dynamic Drug Policy: Optimally Varying the Mix of Treatment, Price-Raising Enforcement, and Primary Prevention Over Time.- Economics of Talent: Dynamics and Multiplicity of Equilibria.- Skiba Phenomena in Markov Perfect Equilibria of Asymmetric Differential Games.- A Dynamic Advertising Game with Market Growth.- Managerial distribution in a dynamic renewable resource oligopoly.- Optimal Growth with Polluting Waste and Recycling.- Handling the complexity of predator-prey systems: managerial decision making in urban economic development and sustainable harvesting.- On Optimal Harvesting in Age-Structured Populations.- Maximizing Female Labor Force Participation in a Stationary Population.- Multiplicity of balanced growth paths in an endogenous growth model with elastic labor supply.- Fiscal and Monetary Policies in a Monetary Union: Conflict or Cooperation?.- On the Optimal Trade-Off Between Fire Power and Intelligence in a Lanchester Model.- Drivers of the change in social welfare in European countries.- II Firm Management.- Organizational Nimbleness and Operational Policies: The Case of Optimal Control of Maintenance Under Uncertainty.- Safety Stocks in Centralized and Decentralized Supply Chains under Different Types of Random Yields.- Dynamic Pricing under Economic Ordering and Strategic Customers with Forward Buying and Postponement.- The effect of remanufacturability of end-of-use returns on the optimal intertemporal production decisions of a newsvendor.- Comparing modeling approaches for the multi-levelcapacitated lot-sizing and scheduling problem.- Hybrid metaheuristics for project scheduling and staffing, considering project interruptions and labor contracts.- From incomplete information to strict rankings: Methods to exploit probabilistic preference information.- The After-Effects of Fear-Inducing Public Service Announcements.- Decision Support for Strategic Disaster Management: First Release of a Wiki.- Overview of Optimization Problems in Electric Car-Sharing System Design and Management.- The golf tourist problem.- 20 years of vehicle routing in Vienna: The many challenges of the VRP solved by Richard F. Hartl.- Appendix: Achilles and the theory of games.