Title :
Determination of economic systems behaviour under uncertainty
Author_Institution :
Dept. of Syst. & Control, Tech. Univ. of Sofia, Bulgaria
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;
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
DOI :
10.1109/ISUMA.1995.527663
