Imitation modeling of compatitive market equilibrium

Author

Bardavelidze, Khatuna ; Bardavelidze, Avtandil

Author_Institution

Dept. of Comput. Eng., Georgian Tech. Univ., Tbilisi, Georgia

fYear

2012

fDate

17-19 Oct. 2012

Firstpage

1

Lastpage

4

Abstract

This paper is about questions of the computer modeling of the influence hypothesis for demand and supply at the dynamic of market equilibrium prices. By result of competitive market is worked out mathematical model, on which base composed functional scheme. By means of functional scheme of market equilibrium and mathematical model is composed system computer model Simulink as block-scheme. Automatization of experiments is carried out by MatLab program. With changing of model parameters is conducted analysis of influence of demand and supply at the market equilibrium.

Keywords

marketing; microeconomics; pricing; supply and demand; MatLab program; Simulink; compatitive market equilibrium; computer modeling; demand-and-supply; functional scheme; goods delivery; imitation modeling; market equilibrium prices; market price dynamics; market transient process character; marketing policy; mathematical model; state market equilibrium stability; Analytical models; Computational modeling; Computers; MATLAB; Mathematical model; Switches; compatitive market; computer and functional model; imitation model; market equlibrium; mathematical model; supply and demand;

fLanguage

English

Publisher

ieee

Conference_Titel

Application of Information and Communication Technologies (AICT), 2012 6th International Conference on

Conference_Location

Tbilisi

Print_ISBN

978-1-4673-1739-9

Type

conf

DOI

10.1109/ICAICT.2012.6398532

Filename

6398532