Mathematical Models of Socio-Economic Systems: An Example
- 1 January 1965
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Systems Science and Cybernetics
- Vol. 1 (1) , 41-45
- https://doi.org/10.1109/TSSC.1965.300059
Abstract
This paper uses a specific example of a relatively simple socio-economic system to demonstrate a methodology for developing state models of socio-economic systems in terms of the structural features of the system. Numerical values of the parameters in the resulting model are either determined from past records of the organization or are obtainable from surveys. A computer solution is presented to indicate the general nature of the performance characteristics that can be simulated with such a model.Keywords
This publication has 2 references indexed in Scilit:
- Matrix functions and applicationsIEEE Spectrum, 1964
- The A Matrix, New Network DescriptionIRE Transactions on Circuit Theory, 1957