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Optimal information structure in a simple economic system

โœ Scribed by Bernardo Nicoletti; Luigi Mariani; Ferdinando Pezzella

Publisher
Elsevier Science
Year
1979
Tongue
English
Weight
1013 KB
Volume
3
Category
Article
ISSN
0377-2217

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## Abstract Reliability Economics is a field that can be defined as the collection of all problems in which there is tension between the performance of systems of interest and their cost. Given such a problem, the aim is to resolve the tension through an optimization process that identifies the sys