Publication detail

Economy and Application of Chaos Theory

DOSTÁL, P. RUKOVANSKÝ, I.

Original Title

Economy and Application of Chaos Theory

Type

journal article - other

Language

English

Original Abstract

The theory of chaos came into being in solution of technical problems, where it describes the behaviour of nonlinear systems that have some hidden order, but still behave like systems controlled by chance. A linear model can describe a real system only if it is linear. If this is not fulfilled, then such models can simulate the real system only under ideal conditions, only for a short time. If a system is a nonlinear dynamic, a deterministic system it can generate not only the permanent trends and cycles, but it can also include random-looking behaviour. Processes of such behaviour are present in the economy.

Keywords

Chaos, attractor, logistic function, Hurst exponent, fractals

Authors

DOSTÁL, P.; RUKOVANSKÝ, I.

RIV year

2015

Released

1. 10. 2015

Location

USA

ISBN

2162-1357

Periodical

International Journal of Business, Humanities and Technology

Year of study

5

Number

5

State

United States of America

Pages from

18

Pages to

23

Pages count

6

BibTex

@article{BUT126901,
  author="Petr {Dostál} and Imrich {Rukovanský}",
  title="Economy and Application of Chaos Theory",
  journal="International Journal of Business, Humanities and Technology",
  year="2015",
  volume="5",
  number="5",
  pages="18--23",
  issn="2162-1357"
}