The twin defining challenges of our century are overcoming poverty and managing climate change. If we can tackle these issues together, we will create a secure and prosperous world for generations to come. If we don't, the future is at grave risk.

The traditional economic model of quality of conformance graph, proposed by J. M. Juran in 1962, demonstrates how the cost of producing your product drops when a quality assurance program begins, only to swing back up as the cost of the quality assurance ...

A new framework integrates graph databases with real-time machine learning to enhance fraud detection and risk control in digital finance. By

Economic Model Predictive Control (EMPC) represents an evolution of traditional control strategies, where the primary objective is to directly optimise an economic cost function rather than merely following a pre-defined set-point. This methodology ...

While a few gamblers bet real money on potential Nobel Prize winners, at Planet Money we're content to merely speculate. We're particularly interested in who might win the economics prize, which will be announced Monday morning. The good folks at Thomson ...

This paper applies spreadsheet software to intermediate-level consumer theory concepts. Spreadsheets help make the concepts more accessible while allowing students to explore the ideas in more depth. Areas of application are utility functions, income and ...

Two Americans, William D. Nordhaus and Paul Romer, were awarded the Nobel Memorial Prize in Economic Sciences on Monday for their work in implementing climate change and technological innovation, respectively, into long-run macroeconomic analysis.

Yesterday, Nintendo announced a new Switch, the OLED model. There’s a problem though: this isn’t the Pro version of the console that many people were after. This puts lots of us in the strange situation of being unsure whether to be excited or not.

Rachel Reeves blamed “increased global uncertainty” as the budget watchdog slashed its forecast for economic growth. The Office for Budget Responsibility halved its forecast for growth in gross domestic product in 2025 from 2% to just 1%, shown in the ...