a customer retention science tool.

    
     
DHA, inc.  

Many other risk assessment or performance outcome problems.

In addition to commercial applications, the shadowprice.com framework can be used for optimizing objective functions other than profit, such as cost, social welfare, or benefit to a target population, because all these functions possess problems inherent to deregulated markets:

  • A structural change has occurred.
  • Possible responses in the market or among institutions are so uncertain as to seem infinite.
  • Market power or incentive barriers exist.
  • A need exists for a strategic risk assessment with expert witness validity.

Applications may be as diverse as:

  • developing and attaining a not-for-profit's performance goals.
  • marketing brand name and generic pharmaceuticals.
  • improving AIDS remediation social policy in Third World countries.
  • optimizing health care outcomes.

 
   
 

 "That these impressions have been condemned as 'pessimistic' - as if that were a very wicked adjective - shows a curious muddle-mindedness. It must be obvious that there is a higher characteristic of philosophy than pessimism, or than meliorism, or even the optimism of these critics - which is truth. Existence is either ordered in a certain way, or it is not so ordered, and conjectures which harmonize best with experience are removed above all comparison with other conjectures which do not so harmonize." Thomas Hardy,
Preface to the Wessex Edition of 1912, October, 1911

  
   
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