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Economic Models - Convex Optimization

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Table 7.<br />

Salary at the initial and final years together with the annual rates of increase.<br />

Groups (i)<br />

Salary at the<br />

period t 0 ( )<br />

Initially<br />

claimed<br />

salary for the<br />

final year ( )<br />

Amount of<br />

reduction<br />

Salary to be<br />

realized at the<br />

final year ( )<br />

Actual annual<br />

rate of salary<br />

increase (%)<br />

New<br />

coefficients c i<br />

c i<br />

1 260,000 356,222 37,090.172 319,131.81 4.1836 31,913.181<br />

2 24,700 33,054 2859.187 30,194.81 4.0991 30,194.81<br />

3 54,600 68,040 2942.746 65,097.25 3.5795 21,699.083<br />

4 163,800 199,290 6384.697 192,905.3 3.3252 13,778.95<br />

5 58,500 74,307 4082.711 70,224.29 3.7209 23,408.096<br />

6 27,300 36,190 2689.870 33,500.13 4.1782 33,500.13<br />

7 32,760 39,476 961.173 38,514.83 3.2897 12,838.278<br />

8 41,600 49,647 858.898 48,788.10 3.2391 12,197.025<br />

9 42,640 50,643 567.861 50,075.14 3.2669 12,518.785<br />

10 101,400 119,851 652.748 119,198.25 3.2872 11,919.825<br />

Health Service Management 165

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