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Mathematical Modeling and Algorithms to Simulate The Economy's Behavior.

Authors :
Eisa, Sameh Abdelwahab
Amin, Belal Mostafa
Source :
Proceedings of the World Congress on Engineering & Computer Science 2013 Volume III; Jul2013, Vol. 1, p1-6, 6p
Publication Year :
2013

Abstract

in this paper we are proposing continuous mathematical modeling for describing the economic behavior and the relations between its components, as a system of PDEs. We deduced two algorithmic procedures, which allow us to forecast and simulate the economic behavior as a whole (GDP) and the impacts of each component on the other components. We have shown results, which support our hypotheses. We introduced flow-charts for the algorithms and complete results as a simulation to clarify our progress. Through these algorithms we will be able to simulate the economy for any country or economic entity and allow the simulators to consider changes, and then they can notice the future results according to these changes. We have assumed a model for "The Unemployment" and how it changes according to the changes in the economic components. [ABSTRACT FROM AUTHOR]

Details

Language :
English
Volume :
1
Database :
Supplemental Index
Journal :
Proceedings of the World Congress on Engineering & Computer Science 2013 Volume III
Publication Type :
Conference
Accession number :
97116133