Object structure

Title:

New Computerized Method for Analysis of Long-Term Financial Stability in Local Government.Implementation of Multi-Criteria Optimization

Subtitle:

Raport Badawczy = Research Report ; RB/1/2017

Creator:

Cichocki, Krzysztof Stefan. Autor ; Kruś, Lech Stanisław. Autor

Publisher:

Instytut Badań Systemowych. Polska Akademia Nauk ; Systems Research Institute. Polish Academy of Sciences

Place of publishing:

Warszawa

Date issued/created:

2017

Description:

25 pages ; 21 cm ; Bibliography p. 25

Subject and Keywords:

Optymalizacja wielokryterialna ; Multicriteria optimization ; Local government ; Long-term financial planning ; Długoterminowe planowanie finansowe ; Satisficing behavior theory ; Zadowalająca teoria zachowania ; Financial safety ; Bezpieczeństwo finansowe ; Samorząd

Abstract:

New method is developed for decision making regarding long-term financial planning by local government (LG). It helps formulate polices for safe long-term investment and debt, which minimize the infrastructure gap when fiscal rules and budget liquidity are satisfied. The method links long-term financial planning and budgeting for results and outcomes. It includes LG budget financial flows-stock model and supports generation of alternative budget projections based on H. Simon concept of multistage formation of goals, which can be modified. Reference point multi-criteria optimization technique is applied. Criteria are simultaneously maximized (cumulated investment) and minimized (debt service costs). Numerical solutions are presented.

Relation:

Raport Badawczy = Research Report

Resource Type:

Report

Source:

RB-2017-01

Language:

eng

Language of abstract:

eng

Rights:

Creative Commons Attribution BY 4.0 license

Terms of use:

Copyright-protected material. [CC BY 4.0] May be used within the scope specified in Creative Commons Attribution BY 4.0 license, full text available at: ; -

Digitizing institution:

Systems Research Institute of the Polish Academy of Sciences

Original in:

Library of Systems Research Institute PAS

Projects co-financed by:

Operational Program Digital Poland, 2014-2020, Measure 2.3: Digital accessibility and usefulness of public sector information; funds from the European Regional Development Fund and national co-financing from the state budget.