Dynamic Modeling Economic Equilibrium with Maple
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F17%3APU126826" target="_blank" >RIV/00216305:26510/17:PU126826 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Dynamic Modeling Economic Equilibrium with Maple
Original language description
The paper describes the continuous dynamic model for the economic equilibrium on the individual market with perfect competition. Models of the demand and supply are continuous differentiable functions that represent the dependence of price and quantity. We respect the assumption that these variables are developed in direct proportion to the time. The mathematization is based on the application of differential equations with delays.We assume that in the market economy change of variables is dependent on the variables values, which was achieved in the past. Standard differential equations with delay can describe the time development of real phenomena more precisely. Modeling, computations and visualization are performed in the Maple system. We present an approach to solutions of mathematical models described by standard differential equations with delayed argument with using the Maple™ system. Currently, the library package with resources for differential equations with delay is built in this system. I
Czech name
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Czech description
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Classification
Type
O - Miscellaneous
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
<a href="/en/project/GA16-03796S" target="_blank" >GA16-03796S: Development of new methods of solving dynamic models of corporate processes management</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů