• DocumentCode
    532022
  • Title

    Optimum stochastic allocation of investment for coordinating the comovements of Jiangsu´s transportation and non-transportation

  • Author

    Wu, Guo-Fu ; Chen, Sen-Fa ; Chen Xiao-Yu ; Tao, Chen

  • Author_Institution
    Sch. of Econ. & Manage., Southeast Univ., Nanjing, China
  • Volume
    1
  • fYear
    2010
  • fDate
    22-24 Oct. 2010
  • Abstract
    On the stochastic models of economic optimization of Prof. Chen M F, this paper chooses Prescott´s paradigm to analyze how optimally to allocate the investment of Jiangsu Province to coordinate the comovements of Jiangsu´s transportation and non-transportation, acquires a optimal stochastic controllable model for the coordinated developing, finds a worthy Euler equation of this model, does a numerical experiment on the model with the statistics of Jiangsu province. The numerical results describe Jiangsu´s development well, and the results are helpful for Jiangsu to distribute optimally its total investment in transport and transport else. At last this paper presents concrete proposals for improving the developing of Jiangsu´s transportation.
  • Keywords
    economics; investment; stochastic processes; transportation; Euler equation; Prescott´s paradigm; economic optimization; investment allocation; nontransportation movement; optimal stochastic controllable model; optimum stochastic allocation; transportation movement; Animals; Biological system modeling; Economics; Educational institutions; Gallium nitride; Jiangsu province; Prescott´s paradigm; numerical experiment; optimum stochastic allocation of resources; policy proposa; transportation;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Computer Application and System Modeling (ICCASM), 2010 International Conference on
  • Conference_Location
    Taiyuan
  • Print_ISBN
    978-1-4244-7235-2
  • Electronic_ISBN
    978-1-4244-7237-6
  • Type

    conf

  • DOI
    10.1109/ICCASM.2010.5619313
  • Filename
    5619313