Publication detail

Dynamic Modeling Economic Equilibrium with Maple

CHVÁTALOVÁ, Z. HŘEBÍČEK, J.

Original Title

Dynamic Modeling Economic Equilibrium with Maple

Type

conference paper

Language

English

Original Abstract

We present a modern approach to solution of mathematical models described by differential equations with delayed argument with using the Maple™ system. Currently, the library package with resources for differential equations with delay is built in the Maple system. We briefly discuss this advanced library package as another sub-goal of this paper. We deals with a background for formulation of interactive numerical simulation - modeling of price speed of changes in time as a continuous dynamic model of the partial economic equilibrium (of the demand and supply) on the market with perfect competition. We assume that in the market economy change of variables is dependent on the variables values, which was achieved in the past. Differential equations with delay can describe the time development of real phenomena more precisely. In the case study, we designed an interactive Maplet that visualizes computational simulation.

Keywords

Economic modeling; Maple; system of differential equations with delay

Authors

CHVÁTALOVÁ, Z.; HŘEBÍČEK, J.

Released

13. 9. 2017

Publisher

Univerzita Hradec Králové, Fakulta informatiky a managementu

Location

Hradec Králové

ISBN

978-80-7435-678-0

Book

Proceedings of 35th International Conference Mathematical Methods in Economics

Pages from

265

Pages to

270

Pages count

6

URL

http://fim2.uhk.cz/mme/conferenceproceedings/mme2017_conference_proceedings.pdf

BibTex

@inproceedings{BUT145456,
  author="Zuzana {Chvátalová} and Jiří {Hřebíček}",
  title="Dynamic Modeling Economic Equilibrium with Maple	
",
  booktitle="Proceedings of 35th International Conference Mathematical Methods in Economics",
  year="2017",
  pages="265--270",
  publisher="Univerzita Hradec Králové, Fakulta informatiky a managementu",
  address="Hradec Králové",
  isbn="978-80-7435-678-0",
  url="http://fim2.uhk.cz/mme/conferenceproceedings/mme2017_conference_proceedings.pdf"
}