Solving of Economic Model Using Modern Methods

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F14%3APU109617" target="_blank" >RIV/00216305:26510/14:PU109617 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Solving of Economic Model Using Modern Methods
Original language description
Modeling of the phenomena arising from the economic reality and reflected by the statistical data is based in particular on the mathematic disciplines like statistics, numerical methods, operational research, linear and dynamic programming, optimization, etc. A possibility of software solution of dynamical economic models by means of delay differential equations with is shown in the paper. The paper further describes some of the basic tools for work with differential equations in Maple and shows the solution of a specific model. Tinbergens theory of the shipbuilding cycle, briefly described in the paper, serves as a basis for formulating relations which are subjects of a further research. The conclusion is that although the quality of the available software, suitable for solving delay differential equations, is not as good as that of software used for solving ordinary differential equations, we can find such software that meets basic requirements. Therefore such software can be used as a supportive tool for exact modelling methods in practice.
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Vision 2020: Sustainable Growth, Economic Development, and Global Competitiveness
ISBN
978-0-9860419-2-1
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
1811-1821
Publisher name
IBIMA
Place of publication
Valencia
Event location
Valencia
Event date
May 13, 2014
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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