• DocumentCode
    2165513
  • Title

    From reducing uncertainty to feedback

  • Author

    Jian, Wang

  • Author_Institution
    Dept. of Economics, Agricultural University of Hebei Baoding City, China
  • fYear
    2010
  • fDate
    4-6 Dec. 2010
  • Firstpage
    2859
  • Lastpage
    2863
  • Abstract
    System control theory and economic analysis concluded that the evidence with each other very well. Feedback control of the implementation of socioeconomic system is the system output in order to achieve a stable result. This can be achieved by negative feedback mechanism. According to the microeconomic evidence, the equilibrium production to achieve profits existed same requirements of insufficient elasticity in the production process. For simplicity, we set up a general model with multiple input factors in short-run equilibrium analysis, for example, the introduction of non-perfectly competitive market structure. At this time, we must consider the market demand changes by the impact of price variations. However, the related elastic analysis gives some market convergence conditions, which will be useful to make economic choices or the system design.
  • Keywords
    Economics; Ecosystems; Elasticity; Entropy; Feedback control; Production; Uncertainty; elasticity; feedback; socioeconomic system; uncertainty;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Information Science and Engineering (ICISE), 2010 2nd International Conference on
  • Conference_Location
    Hangzhou, China
  • Print_ISBN
    978-1-4244-7616-9
  • Type

    conf

  • DOI
    10.1109/ICISE.2010.5691922
  • Filename
    5691922