optimal policy

optimal policy

[′äp·tə·məl ′päl·ə·sē]
(mathematics)
In optimization problems of systems, a sequence of decisions changing the states of a system in such a manner that a given criterion function is minimized.
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The optimal policy is such that, even after the central bank is no longer required to finance a deficit, it chooses to inflate so that it can service the existing debt, and the present discounted value of the revenue from the inflation tax is equal to the present discounted value of the required transfers.
The authors characterize the optimal policy that balances these two considerations and explore how it depends on features of the environment.
Under the offline setting, we first noted that the optimal sensing policy has a "majorization" structure, and then proposed an algorithm to identify the planning policy fulfill the energy destiny constraints at individual sensors and the structural requirements of the optimal policy.
In many traditional works for inventory control problem, how to maximize the profit and control the uncertainty of demand from customers has been a stark issue, in which the optimal policy has been provided using either ordering quantity or pricing of each product.
It stems from a view of the policy process that is rational and positivistic, in which optimal policy choices can be identified, selected, and implemented with objectivity.
When federal states, regions or even countries within a monetary union are symmetric--identical in every relevant way--then setting an optimal monetary policy for the union is the same as setting an optimal policy for each member state.
Through the mechanism of action of formation and evolution of the "chain mode innovation" in national value chain, select policy combination that is advantageous to the evolution of the value chain; set up corporate behavior simulation model; set parameters for related policy to conduct simulation study; evaluate implementation effect of policy; and then adjust the policy content, simulate, try and adjust continuously, finally form the optimal policy mix.
member of] P be a first best Pareto optimal policy for some insurer's reservation utility level [[gamma].
Using numerical simulations of our models calibrated to the current environment, we find that optimal policy calls for a delay in liftoff of two to three quarters relative to a policy that does not take into account uncertainty about policy being constrained by the ZLB.
They did not provide an optimal policy in the relay node to improve performance in the unsaturated wireless network.

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