Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. You may have heard the news that two American economists – Paul Milgrom and Robert Wilson – ...

Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research on how ...

Optimizing economic welfare without constraints might put human well-being at risk, a new climate study argues. While being successful in bringing down costs of greenhouse gas reductions for instance, ...

Joel Mokyr was lauded by the Nobel committee Monday for demonstrating how innovations become a “self-generating process.” ...

Economic dispatch optimisation in power systems refers to the process of determining the most cost-effective allocation of generation resources while satisfying the numerous operational constraints of ...

Through using a linear optimization model that interprets solar energy and current deficit parameters, investment plans were performed for countries which have current deficit problem of energy source ...