@misc{Cichocki_Krzysztof_Long-term_2016,
 author={Cichocki, Krzysztof and Kruś, Lech},
 copyright={Creative Commons Attribution BY 4.0 license},
 address={Warszawa},
 journal={Raport Badawczy = Research Report},
 howpublished={online},
 year={2016},
 publisher={Instytut Badań Systemowych. Polska Akademia Nauk},
 publisher={Systems Research Institute. Polish Academy of Sciences},
 language={eng},
 abstract={In this paper, a new computer supported method is developed for decision making regarding long-term financial planning by local government (LG). It includes the model describing financial flows and stock of the LG budget, enables formulation of long-term plans and their changes and helps formulate polices for safe long-term investment, debt and operating budget. Fiscal rules and budget liquidity are formulated as the model constraints. The method mirrors long-term thinking process and links long-term financial planning, performance measures and budgeting for results and outcomes. Numerical solutions are presented based on Polish LG data.},
 title={Long-term financial planning by local government. A new method implementing multi-criteria optimization},
 type={Text},
 URL={http://www.rcin.org.pl/Content/110592/PDF/RB-2016-32.pdf},
 keywords={Optymalizacja wielokryterialna, Multicriteria optimization, Local government budget projection, Prognoza budżetu samorządu terytorialnego, Long-term financial planning, Długoterminowe planowanie finansowe, Satisficing behavior theory, Zadowalająca teoria zachowania},
}