Determination of economic systems behaviour under uncertainty

Author

Serguieva, A.I.

Author_Institution

Dept. of Syst. & Control, Tech. Univ. of Sofia, Bulgaria

fYear

1995

Firstpage

20

Lastpage

25

Abstract

The paper discuses systems of difference equations with fuzzy parameters and presents some solution procedures with the purpose to study the dynamic behaviour of economic systems in case of uncertainty. The trajectories of the endogenous variables are evaluated firstly at contiguous moments of time, and then, simultaneously. The relations between different solutions are shown. The author also consider essential to provide an algorithm for computing the exact α-cuts of the obtained solutions

Keywords

difference equations; economic cybernetics; economics; fuzzy set theory; uncertainty handling; contiguous moments of time; difference equations; dynamic behaviour; econometrics; economic systems behaviour; endogenous variables; exact α-cuts; fuzzy parameters; macroeconomic models; nonlinear programming; solution procedures; uncertainty; Control systems; Difference equations; Differential equations; Dynamic programming; Econometrics; Fuzzy systems; Macroeconomics; Microeconomics; Nonlinear equations; Uncertainty;

fLanguage

English

Publisher

ieee

Conference_Titel

Uncertainty Modeling and Analysis, 1995, and Annual Conference of the North American Fuzzy Information Processing Society. Proceedings of ISUMA - NAFIPS '95., Third International Symposium on

Conference_Location

College Park, MD

Print_ISBN

0-8186-7126-2

Type

conf

DOI

10.1109/ISUMA.1995.527663

Filename

527663