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Queueing theory is the mathematical study of waiting lines, or queues. [1] A queueing model is constructed so that queue lengths and waiting time can be predicted. [ 1 ] Queueing theory is generally considered a branch of operations research because the results are often used when making business decisions about the resources needed to provide ...
In bipolarity, spheres of influence and alliance systems have frequently developed around each pole. For example, in the Cold War of 1947–1991, most Western and capitalist states would fall under the influence of the US, while most Communist states would fall under the influence of the USSR. According to Wohlforth and Brooks, "the world was ...
In game theory, the battle of the sexes is a two-player coordination game that also involves elements of conflict. The game was introduced in 1957 by R. Duncan Luce and Howard Raiffa in their classic book, Games and Decisions. [1]
In political science, economic voting is a theoretical perspective which argues that voter behavior is heavily influenced by the economic conditions in their country at the time of the election. According to the classical form of this perspective, voters tend to vote more in favor of the incumbent candidate and party when the economy is doing ...
Regenerative economics combines the concepts of economics and the values of a self-sustaining and self-renewing system. By doing so, it enhances the resiliency of the economic system. [2] The regenerative economics works to account for social costs and values that may be traditionally unaccounted for, including: [2]
The real estate market is an example of a very imperfect market. In such markets, ... (eds), The Crisis in Economic Theory, New York: Basic Books, pp. 111–38.
Tournament theory is the theory in personnel economics used to describe certain situations where wage differences are based not on marginal productivity but instead ...
Islamic economics is a broad field, related to the more specific subset of Islamic commercial jurisprudence (Arabic: فقه المعاملات, fiqh al-mu'āmalāt). It is also an ideology of economics similar to the labour theory of value, which is "labour-based exchange and exchange-based labour".