The Unaffordable Price of Static Decision-making Models

Free Download The Unaffordable Price of Static Decision-making Models: Challenges in Economics and Management Science
English | 2025 | ISBN: 3031886372 | 247 Pages | PDF EPUB (True) | 14 MB
At the 15th Viennese Workshop on Optimal Control and Dynamic Games, held in July 2022, experts in economics and the management sciences identified a concerning trend: static decision-making models, while less effective than dynamic ones, are becoming increasingly prevalent. This book aims to address the economic and social costs associated with reliance on static models and to demonstrate the advantages of applying dynamic approaches.

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