| Stochastic and Global Optimization 2002 Edition Contributor(s): Dzemyda, G. (Editor), Saltenis, V. (Editor), Zilinskas, A. (Editor) |
|
 |
ISBN: 1402004842 ISBN-13: 9781402004841 Publisher: Springer OUR PRICE: $104.49 Product Type: Hardcover - Other Formats Published: March 2002 Annotation: This book is dedicated to the 70th birthday of Professor J. Mockus, whose scientific interests include theory and applications of global and discrete optimization, and stochastic programming. The papers for the book were selected because they relate to these topics and also satisfy the criterion of theoretical soundness combined with practical applicability. In addition, the methods for statistical analysis of extremal problems are covered. Although statistical approach to global and discrete optimization is emphasized, applications to optimal design and to mathematical finance are also presented. The results of some subjects (e.g., statistical models based on one-dimensional global optimization) are summarized and the prospects for new developments are justified. Audience: Practitioners, graduate students in mathematics, statistics, computer science and engineering. |
| Additional Information |
| BISAC Categories: - Reference - Computers | Computer Science - Mathematics | Game Theory |
| Dewey: 519.3 |
| LCCN: 2002283172 |
| Series: Nonconvex Optimization and Its Applications |
| Physical Information: 0.76" H x 7" W x 9.3" (1.19 lbs) 237 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: In the paper we propose a model of tax incentives optimization for inve- ment projects with a help of the mechanism of accelerated depreciation. Unlike the tax holidays which influence on effective income tax rate, accelerated - preciation affects on taxable income. In modern economic practice the state actively use for an attraction of - vestment into the creation of new enterprises such mechanisms as accelerated depreciation and tax holidays. The problem under our consideration is the following. Assume that the state (region) is interested in realization of a certain investment project, for ex- ple, the creation of a new enterprise. In order to attract a potential investor the state decides to use a mechanism of accelerated tax depreciation. The foll- ing question arise. What is a reasonable principle for choosing depreciation rate? From the state's point of view the future investor's behavior will be rat- nal. It means that while looking at economic environment the investor choose such a moment for investment which maximizes his expected net present value (NPV) from the given project. For this case both criteria and "investment rule" depend on proposed (by the state) depreciation policy. For the simplicity we will suppose that the purpose of the state for a given project is a maximi- tion of a discounted tax payments into the budget from the enterprise after its creation. Of course, these payments depend on the moment of investor's entry and, therefore, on the depreciation policy established by the state. |