Detail publikace

MODELLING IN PUBLIC ECONOMICS DUE DIFFERENTIAL EQUATIONS WITH DELAY

MYŠKA, M.

Originální název

MODELLING IN PUBLIC ECONOMICS DUE DIFFERENTIAL EQUATIONS WITH DELAY

Typ

článek v časopise - ostatní, Jost

Jazyk

angličtina

Originální abstrakt

This paper focuses on describing the basics of modelling in economics. The results of this field of science often lead to the solution of ordinary differential equations (ODE). However, models constructed in this way are not always close enough to reality. In order to be able to better model real situations, in addition to the current states of variables, we also consider their behaviour in the past, which then leads to change of the model to a system of functional differential equations. We often include dependence on the past in the models with shifted arguments, in that case we are talking about the so-called differential equations with a delay (DDE), which cannot be solved using standard methods for solving ODE. This article also introduces DDE, along with a basic method for finding a solution and illustrative model.

Klíčová slova

economic modelling, dynamic models, differential equations with delay, delayed argument, method of steps, eGovernment.

Autoři

MYŠKA, M.

Vydáno

31. 12. 2020

ISSN

1813-8489

Periodikum

Administrarea Publică

Ročník

108

Číslo

4

Stát

Moldavská republika

Strany od

69

Strany do

76

Strany počet

8

URL

http://aap.gov.md/en/article/public-administration-journal

BibTex

@article{BUT167405,
  author="Michal {Myška}",
  title="MODELLING IN PUBLIC ECONOMICS DUE DIFFERENTIAL EQUATIONS WITH DELAY",
  journal="Administrarea Publică",
  year="2020",
  volume="108",
  number="4",
  pages="69--76",
  doi="10.5281/zenodo.4300330",
  issn="1813-8489",
  url="http://aap.gov.md/en/article/public-administration-journal"
}