Computing budget allocation rules for multi-objective simulation models based on different measures of selection quality

Automatica ◽  
2010 ◽  
Vol 46 (12) ◽  
pp. 1935-1950 ◽  
Author(s):  
Loo Hay Lee ◽  
Ek Peng Chew ◽  
Suyan Teng
Keyword(s):  
Simulation Models ◽  
Budget Allocation ◽  
Allocation Rules ◽  
Multi Objective

Finding the non-dominated Pareto set for multi-objective simulation models

2010 ◽  
Vol 42 (9) ◽  
pp. 656-674 ◽  
Author(s):  
Loo Hay Lee ◽  
Ek Peng Chew ◽  
Suyan Teng ◽  
David Goldsman
Keyword(s):  
Simulation Models ◽  
Pareto Set ◽  
Multi Objective

scholarly journals Redistribution of tax resources: a cooperative game theory approach

SERIEs ◽  
2021 ◽  
Author(s):  
Emilio Calvo
Keyword(s):  
Cooperative Game ◽  
Shapley Value ◽  
Financial System ◽  
Budget Allocation ◽  
Theory Approach ◽  
Moderate Degree ◽  
Allocation Rules ◽  
Economic Entity ◽  
Balanced Allocation ◽  
The Stability

AbstractWe consider the problem of how to distribute public expenditure among the different regions of an economic entity after all taxes have been collected. Typical examples are: the regions that make up a country, the states of a federal country, or the countries of a confederation of countries. We model the problem as a cooperative game in coalitional form, called the tax game. This game estimates the fiscal resources collected in each region, or coalition of regions, by differentiating between what comes from economic activity within each region and what comes from trade with the other regions. This methodology provides a measure of the disagreement within a region, or coalitions of regions, with respect to the budget received. Similarly, the stability of a budget allocation can be inferred by its situation within the core of the corresponding tax game. We consider the Spanish case as an example and show that the current regional financial system has a moderate degree of instability. We introduce two budget allocation rules, both borrowed from the cooperative games literature: the balanced allocation, which coincides with the nucleolus and with the Shapley value of the tax game, and the weighted balanced allocation, which coincides with the weighted Shapley value. We compare both budget allocation rules with the current Spanish financial system.

Some efficient simulation budget allocation rules for simulation optimisation problems

2013 ◽  
Vol 8 (1) ◽  
pp. 1 ◽  
Author(s):  
Loo Hay Lee ◽  
Chun Hung Chen ◽  
Ek Peng Chew ◽  
Si Zhang ◽  
Juxin Li ◽  
...  
Keyword(s):  
Budget Allocation ◽  
Allocation Rules ◽  
Efficient Simulation ◽  
Simulation Optimisation
Sign in / Sign up

Export Citation Format

Share Document