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
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