The Pareto Distribution and the Cobb-Douglas Production Function in Activity Analysis

Houthakker, H. S.

doi:10.2307/2296148

Cited by 320 publications

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“…e. Identification of an expert and submission of his convictions to the method, as it will be shown next. f. Returning to the objective of the present article, it comprises the generation of a new objective function from MACBETH whose results of the judged prioritizations shall be a cardinal scale of the sub-factors (subdivisions) of the PESTEL tool that works as an efficient Pareto distribution [2], or a similar curve. In this sense, the planning force would be concentrated only on the elements which represent the greatest degree of importance for each of the ten factors.…”

Section: Equationsmentioning

confidence: 99%

“…The ordinal scale offers a sight of the importance of the sub-factors, but it does not present solutions of mathematical treatments that may be used as a Pareto distribution [2].…”

Section: Equationsmentioning

confidence: 99%

“…∀x, y ∈X: x P y⟺v(x) >v(y) (1) ∀x, y ∈ X: x I y⟺v(x) = v(y) (2) In order to avoid possible inconsistencies, typical of aggregation of ordinations done separately of each criterion (Arrow's Theorem [16]), it is possible to obtain cardinal information from the decision maker, in such a way that it also meets the additional condition (eq. 3).…”

Section: Equationsmentioning

confidence: 99%

“…and Fontanillase, C.N., Using the MACBETH method to improve the scenario analysis tool PESTEL in large civil construction projects DYNA, 84(203), pp. 322-327, December, 2017. distribution [2] where there are "few, but of great importance" and "many, but of little importance" factors.…”

Section: Introductionmentioning

confidence: 99%

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Using the MACBETH Method to improve the scenario analysis tool PESTEL in large civil construction projects

Leite

Mello

et al. 2017

DYNA

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The paper presents a methodological study performing a prioritization of the PESTEL analysis factors on the pre-construction and assembly environments of large civil engineering projects. The objective is to test if it is possible to use the decision making support methodology MACBETH to generate a hierarchy scale among criteria that might behave as a Pareto distribution. According to an expert choice, four of the ten alternatives represent 72.16% of the preference of the consulted expert. The answer does not represent a Pareto distribution, but does not invalidate the hypothesis. It is possible that the judgment of some specialist comes closer to such a phenomenon.Keywords: Decision-making; multicriteria; civil engineering projects.Usando el Método MACBETH para mejorar la herramienta de análisis de escenarios PESTEL en grandes proyectos de construcción civil ResumenEl artículo presenta un estudio metodológico que realiza una priorización de los factores de análisis PESTEL en los entornos de preconstrucción y montaje de grandes proyectos de ingeniería civil. El objetivo es comprobar si es posible utilizar la metodología de apoyo a la toma de decisiones MACBETH para generar una escala de jerarquía entre los criterios que podrían comportarse como una distribución de Pareto. Según una elección de un experto, cuatro de las diez alternativas representan 72,16% de la preferencia del experto consultado. La respuesta no representa una distribución de Pareto, pero no invalida la hipótesis. Es posible que el juicio de algún especialista se acerque a tal fenómeno.Palabras clave: Toma de decisiones; multicriterios; proyectos de ingeniería civil.

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Section: Equationsmentioning

confidence: 99%

“…The ordinal scale offers a sight of the importance of the sub-factors, but it does not present solutions of mathematical treatments that may be used as a Pareto distribution [2].…”

Section: Equationsmentioning

confidence: 99%

Section: Equationsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Using the MACBETH Method to improve the scenario analysis tool PESTEL in large civil construction projects

Leite

Mello

et al. 2017

DYNA

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“…The starting point in the Granger causality test of judgment was to examine whether the prophase information of X contributed to the decrease of MSE (Mean Square Error) of Y [39]. Moreover, this paper compared the MSE value with that when not using prophase information of X.…”

Section: Selecting Incident-inducing Factors Of Fire Accidentsmentioning

confidence: 99%

Spatio-Temporal Features of China’s Urban Fires: An Investigation with Reference to Gross Domestic Product and Humidity

Wang

Zhang

2015

Sustainability

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Frequent fire accidents pose a serious threat to human life and property. The spatio-temporal features of China's urban fires, and their drivers should be investigated. Based on the Spatio-temporal Dynamic panel data Model (SDM), and using fire data gathered from 337 Chinese cities in 2000 to 2009, the influence of spatio-temporal factors on the frequency of urban fires was analyzed. The results show that (1) the overall fire incidence of China increased annually before 2002 and reduced significantly after 2003, and then high fire incidence increased in western China; (2) Spatio-temporal factors play a significant role in the frequency of Chinese urban fires; specifically, the fire assimilation effect, fire inertia effect and fire caution effect. The ratio of fire incidence of China has reduced significantly, and the focus of fire incidence moved towards the western region of China. GDP and humidity have a significant effect on urban fire situation change in China, and these effects may be referred to as "fire assimilation effects", "fire inertia effects" and "fire caution effects". OPEN ACCESSSustainability 2015, 7 9735 Keywords: urban fire; spatio-temporal features; SDM, humidity; GDP; the fire assimilation effect; fire inertia effect; fire caution effect

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Network methods in models of production

Watson

1980

Networks

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The author explores the ground common to the theories of electrical networks and economic networks by generalizing the notion of a Kirchhoff network of multiterminal elements to that of a Leontieff network of multiterminal elements. In this context the author introduces Le Chatelier's principle and proves a converse t o it, derives a generalization of Tellegen's theorem, and discusses the inheritance by a composite element of the properties of its constituent elements. Two types of maximizing firms are then treated as multiterminal elements; the preceding theory is applied to them and to composite firms constructed from them.

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The Pareto Distribution and the Cobb-Douglas Production Function in Activity Analysis

Cited by 320 publications

References 0 publications

Using the MACBETH Method to improve the scenario analysis tool PESTEL in large civil construction projects

Using the MACBETH Method to improve the scenario analysis tool PESTEL in large civil construction projects

Spatio-Temporal Features of China’s Urban Fires: An Investigation with Reference to Gross Domestic Product and Humidity

Network methods in models of production

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