Publication detail

Solving microeconomic model using methods of functional analysis

NOVOTNÁ, V. ŠKAPA, S.

Original Title

Solving microeconomic model using methods of functional analysis

Type

journal article in Web of Science

Language

English

Original Abstract

Models in microeconomics are usually created in order to achieve corporate goals such as boosting the performance, efficiency, or to secure a company’s survival in the time of crisis. This paper presents a nonlinear dynamical model of production, warehousing, and sale of fast moving consumer goods, while respecting the effect of historical values on current changes. The model can be used for planning production, or as part of models dealing with cooperation or competition. The solution is demonstrated on a practical example and is presented graphically.

Keywords

goods, delay differential equations, functional differential equation, microeconomic model

Authors

NOVOTNÁ, V.; ŠKAPA, S.

Released

23. 3. 2018

Publisher

ACAD ECONOMIC STUDIES

Location

Romania

ISBN

0424-267X

Periodical

Economic Computation and Economic Cybernetics Studies and Research

Year of study

2018

Number

1

State

Romania

Pages from

77

Pages to

88

Pages count

12

URL

http://www.ecocyb.ase.ro/nr2018_1/05%20-%20Stanislav%20SKAPA,%20Veronika%20NOVOTNA,%20(T).pdf

BibTex

@article{BUT146590,
  author="Veronika {Novotná} and Stanislav {Škapa}",
  title="Solving microeconomic model using methods of functional analysis",
  journal="Economic Computation and Economic Cybernetics Studies and Research",
  year="2018",
  volume="2018",
  number="1",
  pages="77--88",
  doi="10.24818/18423264/52.1.18.05",
  issn="0424-267X",
  url="http://www.ecocyb.ase.ro/nr2018_1/05%20-%20Stanislav%20SKAPA,%20Veronika%20NOVOTNA,%20(T).pdf"
}