Prof. YEUNG Wing Kay, DavidPetrosyan, Leon A.Romanovsky, Joseph V.2021-02-232021-02-232014Yeung, W. K. D., Petrosyan, L. A. & Romanovsky, J. V. (eds.) (2014). Advances in economics and optimization: Collected scientific studies dedicated to the memory of L.V. Kantorovich. New York: Nova Science Publishers.9781631170737http://hdl.handle.net/20.500.11861/6415278 pages<br> Economics is a science that studies human behaviors as a relationship between ends and scarce means which have alternative uses. Since economic resources are scarce, optimization forms an integral part in the study of economics. In addition, in the presence of imperfect market structure, externalities, imperfect information or public goods, the market fails to provide an efficient allocation mechanism. Optimization of economic activities provides an effective remedial measure for market failures.enEdited Book