A set of analytical procedures has been developed for identifying the locations for imposing charges and the charges at those points which are optimal in terms of economic efficiency.
This paper argues that the current university invention ownership model, in which universities maintain de jure ownership of inventions, is not optimal either in terms of economic efficiency or for advancing the social interest of rapidly commercializing technology and encouraging entrepreneurship.
First part is related to the importance of comparison between actual results and optimal results from point of economic efficiency and lost welfare.
Several studies, revealed the deviation of the prevailing cropping pattern from optimal one that could achieve economic efficiency in allocating resources and increasing agricultural production (Negm et al. 2006; Kuo 2001).
The resultant algorithm enabled the evaluation of the rotational consequences of competing density management regimes in terms of overall productivity, log-product distributions, biomass production and carbon yields, recoverable end-products and their associated monetary value, economic efficiency, duration of optimal site occupancy, structural stability, and wood fibre attributes.
An illustrative case study is conducted to present the effectiveness and economic efficiency of the proposed optimal power flow and operation strategy.
In this work, wind turbine (WT), solar photovoltaic (PV) arrays and storage batteries (SB) are handled to make the HES which may be optimal with regards to multiple constraints including economic efficiency, reliability and environmental pollutants.
In essence, ensuring economic efficiency involves optimizing social welfare.
Thus, over time, having the federal government hold significant amounts of private assets would risk sub-optimal performance by our capital markets, diminished economic efficiency, and lower overall standards of living than would be achieved otherwise.
Compared to conventional heat sources, the performance of the GWSHP is optimal in regard to both energy conservation and economic efficiency.
