Details
| Originalsprache | Englisch |
|---|---|
| Seiten (von - bis) | 527-532 |
| Seitenumfang | 6 |
| Fachzeitschrift | Mathematics and Computers in Simulation |
| Jahrgang | 39 |
| Ausgabenummer | 5-6 |
| Publikationsstatus | Veröffentlicht - 30 Nov. 1995 |
Abstract
Microeconomic models, e.g., concern models, usually suffer from too simple dynamic equations and from too unrealistic economic data. In the paper, a new iterative design method is presented, which consists of numerical simulation, numerical solution of optimal control problems by direct optimization methods, and modeling. The capability of the method is demonstrated by the improvement of a simple concern model known from literature. In the end, complex and realistic micro- and macroeconomic phenomena known from reality are described. The controls involved in the model are optimally determined and various numerical calculations have been performed.
ASJC Scopus Sachgebiete
- Mathematik (insg.)
- Theoretische Informatik
- Informatik (insg.)
- Allgemeine Computerwissenschaft
- Mathematik (insg.)
- Numerische Mathematik
- Mathematik (insg.)
- Modellierung und Simulation
- Mathematik (insg.)
- Angewandte Mathematik
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in: Mathematics and Computers in Simulation, Jahrgang 39, Nr. 5-6, 30.11.1995, S. 527-532.
Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review
}
TY - JOUR
T1 - Iterative design of economic models via simulation, optimization and modeling
AU - Breitner, M. H.
AU - Koslik, B.
AU - von Stryk, O.
AU - Pesch, H. J.
N1 - Funding Information: We would like to thank Prof. Dr. Dr. h.c.R. Bulirsch and Prof. Dr. H.J. Oberle for helpful discussions. The authors would like to thank Bankdirektor P. Sollinger, HYPO-Bank Zentrale Miinchen, for providing us with the real data of i, Pk and Pm of the last ten years in Germany. This work has been supported by the Deutsche Forschungsgemeinschaft within the project "Anwendungsbezogene Optimierung und Steuerung" and FORTWlHR, the Bavarian Consortium on High Performance Scientific Computing. Copyright: Copyright 2015 Elsevier B.V., All rights reserved.
PY - 1995/11/30
Y1 - 1995/11/30
N2 - Microeconomic models, e.g., concern models, usually suffer from too simple dynamic equations and from too unrealistic economic data. In the paper, a new iterative design method is presented, which consists of numerical simulation, numerical solution of optimal control problems by direct optimization methods, and modeling. The capability of the method is demonstrated by the improvement of a simple concern model known from literature. In the end, complex and realistic micro- and macroeconomic phenomena known from reality are described. The controls involved in the model are optimally determined and various numerical calculations have been performed.
AB - Microeconomic models, e.g., concern models, usually suffer from too simple dynamic equations and from too unrealistic economic data. In the paper, a new iterative design method is presented, which consists of numerical simulation, numerical solution of optimal control problems by direct optimization methods, and modeling. The capability of the method is demonstrated by the improvement of a simple concern model known from literature. In the end, complex and realistic micro- and macroeconomic phenomena known from reality are described. The controls involved in the model are optimally determined and various numerical calculations have been performed.
UR - http://www.scopus.com/inward/record.url?scp=5644239907&partnerID=8YFLogxK
U2 - 10.1016/0378-4754(95)00114-5
DO - 10.1016/0378-4754(95)00114-5
M3 - Article
AN - SCOPUS:5644239907
VL - 39
SP - 527
EP - 532
JO - Mathematics and Computers in Simulation
JF - Mathematics and Computers in Simulation
SN - 0378-4754
IS - 5-6
ER -