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These studies are highly costly in both economic and animal welfare terms.
This section compares in welfare terms three possible institutional arrangements: decentralized, hierarchical, and centralized supervision.
Hence, after applying the gravitational search algorithm to a multistage GEP model, the benefit of generation company (GENCO) and consumer surplus are both determined as the social welfare terms.
The main contribution of the paper is to characterize the conditions under which one of the three institutional arrangements, namely decentralized, hierarchical, and centralized supervision, dominates in welfare terms the other two.
Supervisory liquidation costs are not taken into account, since they are assumed to be linked to supervisory capture (e.g., possible transfers from banks to supervisors that cancel out in welfare terms).21.21
The natural interpretation for EAOC comes from the policy side: it is a general average measure of the adjustment of the population (in our case, the subject pool) to the optimal path in welfare terms.
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Section 4 discusses the effects of the Cultural Factor on economic behavior and material welfare in terms of trade, and Sect. 5 discusses these effects in terms of economic growth.
The "young generation is extremely, poignantly concerned with their own welfare, in terms of success," he said, "and that energy certainly distracts them from certain elements of the Gospel about self-sacrifice".
"The veterinarians at these facilities don't look at animal welfare in terms of whether they're going to get dinged or fined," he says.
Badger welfare, in terms of humaneness, was evaluated by comparing the night-time activity periods of badgers and by monitoring their daytime use of setts.
In general, the self-generated demand for HSR services has been stimulated by expansion of the HSR network and increase of the welfare in terms of the national gross domestic product (GDP).
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CEO of Professional Science Editing for Scientists @ prosciediting.com