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| Author: | Charnes, A. |
| Title: | Emergency government interventions : case study of natural gas shortages. |
| Journal: | Management Science
1986 : OCT, VOL. 32:10, p. 1242-1258 |
| Index terms: | NATURAL GAS INDUSTRIAL POLICY BUSINESS-GOVERNMENT RELATIONS DECISION MODELS |
| Language: | eng |
| Abstract: | Framework,decision models and supporting methods are presented to improve government's decision on a class intervention problems. The example used is on gas shortages. Three decision models are provided that move progressively from regulated market mechanisms as a means of gas allocation to nonprice-based directives as shortages become more serious. A critical aspect of the framework is government's timing in switching decision models and changing levels of decision variables. New results are provided on chance constraints that enable time series forecasting as the basis for triggering intervention decisions. |
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