NOUN► level· A policy stronger than the optimal level will be a less effective stabilizer.· Working with the purchasing department, the production manager ensures that plant inventories are maintained at their optimal level.
► output· This yields: In both cases the proportion is closer to the optimal proportion than the output to the optimal output.· The result, as shown in Figure 6-1a, is that the equilibrium output Qe is larger than the optimal output Q0.· What divergences arise between equilibrium and optimal output when a spillover costs and b spillover benefits are present?· Hence, the equilibrium output in a competitive market is also identified as the optimal output.
► solution· This seems to be the optimal solution for the male.· This gives Table 10.1, so the optimal solution is still but the optimal value is.· The optimal solution does not change but the optimal tableau has one less column.· The reader can verify that this optimal solution is.· When the equality is exactly satisfied, either inequality can be used but the optimal solution will not change.· In this chapter, we will study the effect of changes in the data on the optimal solution.· Thus March and Simon accept that bureaucrats will not necessarily seek the optimal solution, but that which satisfies.· This will force x i j to be zero in any optimal solution.
► strategy· Note that the average payment following the optimal strategy is around three times greater than the average payment following the myopic strategy.· The individual's optimal strategy under such consideration has a reservation wage property.· Is behaviour consistent with the optimal strategy?
► value· This gives Table 10.1, so the optimal solution is still but the optimal value is.· Simulated annealing uses random perturbations to shake the parameter values out of a local optimum so that globally optimal values may be found.· Now, suppose that deleterious mutations reduce survival below this optimal value.· The comparative static propositions listed above can be tested with respect to these particular optimal values.· The aim is to discover how far mutation has depressed survival and fertility below their optimal values.