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Optimal Diet Selection And The Compliance Problem: A Technical Note, Munirul Nabinl, Sukanto Bhattacharya, Kuldeep Kumar
Optimal Diet Selection And The Compliance Problem: A Technical Note, Munirul Nabinl, Sukanto Bhattacharya, Kuldeep Kumar
Kuldeep Kumar
In this paper we have posited an alternative methodology for the least-cost diet selection problem subject to a given set of nutritional constraints. In order to better address the implicit compliance problem, we have re-cast the classical diet selection problem using a two-stage approach whereby in the fi rst stage the dietician decides on the total number of least-cost combinations which satisfy the nutritional requirements and in the second stage, the dietician finds the optimal number of diet plans that have to be formulated. The second stage basically involves finding a reduced search space n* out of which the dietician …
Enhancing The Corporate Performance Through System Dynamics Modelling, Mridula Sahay, Kuldeep Kumar
Enhancing The Corporate Performance Through System Dynamics Modelling, Mridula Sahay, Kuldeep Kumar
Kuldeep Kumar
The aim of the current study is to improve the performance of corporate through application of System Dynamics (SD) methodology. The paper discusses the importance of system dynamics modelling in enhancing corporate performance and how it shows the dynamic behaviour of the system. For this purpose a system dynamics model for an Indian Steel company has been prepared. The paper also covers a brief introduction of the system dynamics modelling, a brief narration of Steel Sector and the process adopted in modelling. Some of the important corporate performance parameters such as market share, revenue, employee’s strength, number of shareholders, installed …
Decision-Making In Economics: Critical Lessons From Neurobiology, Renato Alas, Kuldeep Kumar, Avik Mukherjee, Munirul Nabin, Sukanto Bhattacharya
Decision-Making In Economics: Critical Lessons From Neurobiology, Renato Alas, Kuldeep Kumar, Avik Mukherjee, Munirul Nabin, Sukanto Bhattacharya
Kuldeep Kumar
In this chapter, the authors consider some of the issues regarding the rational choice decision framework in neoclassical economics and how it can particularly be found wanting in the absence of due consideration for some of the underlying critical neurobiological factors which govern decision making. They develop a critical decision problem and explore the scenario where the solution predicted by formal economic theory may be in conflict with the decision that actually occurs. Such conflict is especially relevant in the context of economic decision making in emerging markets where there can be a lack of trust in the system by …
A Game Theoretic Approach For Optimum Strategy In Life, Sat Gupta, Kuldeep Kumar
A Game Theoretic Approach For Optimum Strategy In Life, Sat Gupta, Kuldeep Kumar
Kuldeep Kumar
Game theory presupposes that there are at least two players with conflicting interests and the outcome of the game depends on the decisions of all the players, while the decision theory presumes that the decision of only one agent affects the outcome because the decision maker (group or individual) has to reckon with only a passive environment (i.e. he has no opponent). In this study we treat life as a game with the human being on one side and the Nature (not the passive environment) on the other. Using the results of the game theory, it is shown that an …