MODELLING IN PUBLIC ECONOMICS DUE DIFFERENTIAL EQUATIONS WITH DELAY

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F20%3APU138252" target="_blank" >RIV/00216305:26510/20:PU138252 - isvavai.cz</a>

Výsledek na webu

<a href="http://aap.gov.md/en/article/public-administration-journal" target="_blank" >http://aap.gov.md/en/article/public-administration-journal</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5281/zenodo.4300330" target="_blank" >10.5281/zenodo.4300330</a>

Jazyk výsledku

angličtina

Název v původním jazyce

MODELLING IN PUBLIC ECONOMICS DUE DIFFERENTIAL EQUATIONS WITH DELAY

Popis výsledku v původním jazyce

This paper focuses on describing the basics of modelling in economics. The results of this field of science often lead to the solution of ordinary differential equations (ODE). However, models constructed in this way are not always close enough to reality. In order to be able to better model real situations, in addition to the current states of variables, we also consider their behaviour in the past, which then leads to change of the model to a system of functional differential equations. We often include dependence on the past in the models with shifted arguments, in that case we are talking about the so-called differential equations with a delay (DDE), which cannot be solved using standard methods for solving ODE. This article also introduces DDE, along with a basic method for finding a solution and illustrative model.

Název v anglickém jazyce

MODELLING IN PUBLIC ECONOMICS DUE DIFFERENTIAL EQUATIONS WITH DELAY

Popis výsledku anglicky

This paper focuses on describing the basics of modelling in economics. The results of this field of science often lead to the solution of ordinary differential equations (ODE). However, models constructed in this way are not always close enough to reality. In order to be able to better model real situations, in addition to the current states of variables, we also consider their behaviour in the past, which then leads to change of the model to a system of functional differential equations. We often include dependence on the past in the models with shifted arguments, in that case we are talking about the so-called differential equations with a delay (DDE), which cannot be solved using standard methods for solving ODE. This article also introduces DDE, along with a basic method for finding a solution and illustrative model.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název periodika

Administrarea Publică

ISSN

1813-8489

e-ISSN

—

Svazek periodika

108

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

MD - Moldavská republika

Počet stran výsledku

8

Strana od-do

69-76

Kód UT WoS článku

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EID výsledku v databázi Scopus

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