Modeling and Control of Economic Systems 2001


Book Description

This volume contains papers presented at the IFAC symposium on Modeling and control of Economic Systems (SME 2001), which was held at the university of Klagenfurt, Austria. The symposium brought together scientists and users to explore current theoretical developments of modeling techniques for economic systems. It contains a section of plenary, invited and contributed papers presented at the SME 2001 symposium. The papers presented in this volume reflect advances both in methodology and in applications in the area of modeling and control of economic systems.




Modeling and Control of Complex Physical Systems


Book Description

Energy exchange is a major foundation of the dynamics of physical systems, and, hence, in the study of complex multi-domain systems, methodologies that explicitly describe the topology of energy exchanges are instrumental in structuring the modeling and the computation of the system's dynamics and its control. This book is the outcome of the European Project "Geoplex" (FP5 IST-2001-34166) that studied and extended such system modeling and control methodologies. This unique book starts from the basic concept of port-based modeling, and extends it to port-Hamiltonian systems. This generic paradigm is applied to various physical domains, showing its power and unifying flexibility for real multi-domain systems.




Varieties of Capitalism


Book Description

Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.




Topics in Dynamics of Civil Structures, Volume 4


Book Description

Topics in Dynamics of Civil Structures, Volume 4: Proceedings of the 31st IMAC, A Conference and Exposition on Structural Dynamics, 2013, the fourth volume of seven from the Conference, brings together contributions to this important area of research and engineering. The collection presents early findings and case studies on fundamental and applied aspects of Structural Dynamics, including papers on: Modal Parameter Identification for Civil Structures Vibration Control of Civil Structures Cable Dynamics Damage Detection Models for Civil Structures Data-Driven Health Monitoring of Structures & Infrastructure Experimental Techniques for Civil Structures Human-induced Vibrations of Civil Structures Structural Modeling for Civil Structures




Differential Models and Neutral Systems for Controlling the Wealth of Nations


Book Description

This monograph derives from familiar economic principles the dynamics of national income, the interest rate, employment, the value of capital stock, prices, and the cumulative balance of payments. This is a Volterra neutral integrodifferential game of pursuit. The quarry control is government intervention in the form of taxation, control of money supply, tariffs, foreign credit, interest equalization tax, preferential trade agreements (which reduce trade barriers and enhance trade flows between nations), transportation and distance between trading partners. The pursuer controls include wages and productivity. The book provides conditions for controllability and then deduces how big government intervention (compared with private firms' contributions) should be to ensure the possibility of growth.The reader is assumed to be familiar with advanced calculus and to have a working knowledge of ordinary differential equations. The required theory of hereditary systems can be obtained from the book itself.




Economic Multi Agent Systems


Book Description

The relatively new scientific field of economic agent-based systems is a promising, but yet not completely developed area of economics, at the frontier to business administration, computer sciences, and the social sciences. This book follows a rather interdisciplinary approach while maintaining a focus on the economic dimension of agent-based models. In contrast to other literature in this field, this book aims at developing a framework for modelling an economic system in the sense of a total model of the economy. The design and implementation of the agent-based framework AS1 are described in detail. Some sample applications, such as an analysis of the effects of the presence of different research institutes providing alternative inconsistent forecasts for the private agents, provide an overview of the strengths of an agent-based economic model. This 2nd edition is a reprint of the original Edition (from 2006).




The Oxford Handbook of Computational Economics and Finance


Book Description

The Oxford Handbook of Computational Economics and Finance provides a survey of both the foundations of and recent advances in the frontiers of analysis and action. It is both historically and interdisciplinarily rich and also tightly connected to the rise of digital society. It begins with the conventional view of computational economics, including recent algorithmic development in computing rational expectations, volatility, and general equilibrium. It then moves from traditional computing in economics and finance to recent developments in natural computing, including applications of nature-inspired intelligence, genetic programming, swarm intelligence, and fuzzy logic. Also examined are recent developments of network and agent-based computing in economics. How these approaches are applied is examined in chapters on such subjects as trading robots and automated markets. The last part deals with the epistemology of simulation in its trinity form with the integration of simulation, computation, and dynamics. Distinctive is the focus on natural computationalism and the examination of the implications of intelligent machines for the future of computational economics and finance. Not merely individual robots, but whole integrated systems are extending their "immigration" to the world of Homo sapiens, or symbiogenesis.




Complex Evolutionary Dynamics in Urban-Regional and Ecologic-Economic Systems


Book Description

Drawing on the middle chapters from the first edition of J. Barkley Rosser's seminal work, From Catastrophe to Chaos, this book presents an unusual perspective on economics and economic analysis. Current economic theory largely depends upon assuming that the world is fundamentally continuous. However, an increasing amount of economic research has been done using approaches that allow for discontinuities such as catastrophe theory, chaos theory, synergetics, and fractal geometry. The spread of such approaches across a variety of disciplines of thought has constituted a virtual intellectual revolution in recent years. This book reviews the applications of these approaches in various subdisciplines of economics and draws upon past economic thinkers to develop an integrated view of economics as a whole from the perspective of inherent discontinuity.




Computer-Based Environmental Management


Book Description

Here, the author provides professionals in environmental research and management with the information they need with respect to computer modeling: An understanding of the mathematical fundamentals and the choice of the optimal approach and corresponding software for their particular task. - Numerous illustrations, flowcharts and graphs, partly in color, as well as worked examples help in comprehending complex mathematical tasks and their solutions without the use of confusing mathematical formalism; - Case studies from various fields of environmental research, such as landscape ecology, environmental assessment, population ecology, hydrology, and agroecology, facilitate the application of simulation models to the solution of real-world problems; - Contains a detailed summary of currently available software tools and the application in spatially explicit simulation based on geographic information systems. The worked examples and case studies cover a broad range of environmental systems and processes, adopting such modern mathematical methodology as partial differential equations, fuzzy logic, hybrid Petri nets, and optimum control theory. The result is a unique presentation of applications for high standard modeling and simulation methodologies in the interdisciplinary fields of environmental research. From the Foreword by Robert Costanza (Gund Institute of Ecological Economics, Burlington, VT, USA): "As a teacher of environmental modeling, I've been searching for many years for the perfect text to use courses. My search has ended with the publication of Ralf Seppelt's book and I intend to use it as a core text in modeling courses."




Agent-based Approaches in Economic and Social Complex Systems


Book Description

This volume explores the field of artificial intelligence and features in-depth coverage of important theoretical areas including computational organization, computational economics, computational approaches in social science, and game theory. The conception of the multi-agent system is particularly attractive, as it promises autonomy based on the conceptual speciality of a rational agent as well as collective behaviour through interactions.