Simple economic applications of matrices

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F13%3A%230000430" target="_blank" >RIV/26138077:_____/13:#0000430 - 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

Simple economic applications of matrices

Original language description

This article deals with simple examples pointing out to the use of mathematical models, especially of linear algebra tools (matrix operations, eigenvectors, Markov chains, systems of linear equations, least squares approximation), in economic applications. In some cases, solved problems and data given in examples may have been simplified compared to real values as the main aim is to show possibilities of applications rather than to obtain accurate results. The presented examples can help to introduce students of economics-oriented universities into the matrix theory and illustrate the connection between theory and practice.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

BA - General mathematics

OECD FORD branch

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Project

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Continuities

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Publication year

2013

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Acta academica karviniensia

ISSN

1212-415X

e-ISSN

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Volume of the periodical

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Issue of the periodical within the volume

3

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

10

Pages from-to

190-199

UT code for WoS article

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EID of the result in the Scopus database

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