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Views
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Modeling Scenario
398
views
176
downloads
0
comments
7-008-MachineReplacement-ModelingScenario
Students build an integro-differential equation model using a convolution for machine replacement strategies for two different machine failure models.
Probability
replacement number
Laplace transform
industrial engineering
machine
convolution
distributioj
step function
derivative definition
Potential Scenario
248
views
38
downloads
0
comments
2009-Das-EtAl-Bioeconomic harvesting of a pre-predator fishery
This paper deals with the problem of non-selective harvesting of a prey–predator system by using a reasonable catch-rate function instead of usual catch-per-unit-effort hypothesis.
predator-prey
harvesting
Pontryagin’s maximum principle
bioeconomic
bionomic equilibrium
biotechnical productivity
catch-rate function
optimal equilibrium
Potential Scenario
141
views
24
downloads
0
comments
2008-Duran-Caginalp-Parameter optimization for differential equations in asset price forecasting
The optimization procedure is used in conjunction with daily market prices (MPs) and net asset values to determine the parameters for which the AFDE yield the best fit for the previous n days.
finance
inverse problem
numerical nonlinear optimization
asset flow
financial market dynamics
market return prediction algorithm
Potential Scenario
154
views
33
downloads
0
comments
2010-Kijek-Kijek-Modelling of Innovation Diffusion
This paper offers a first order differential equation model for innovation diffusion, solves it, and offers qualitative analysis as well as approaches to estimating parameters with some data on final parameters for various countries.
Bass model
innovation diffusion
Logistic model
dynamic model
Potential Scenario
144
views
54
downloads
0
comments
2008-Ratneesh_Suri-Optimal harvesting strategies for fisheries-differential equations approach
We develop and investigate the harvesting model in both deterministic and stochastic settings. We first employ the Expected Net Present Value approach and determine optimal harvesting policy using various optimization techniques including optimal...
optimal control
sustainable yield
maximum sustainable yield
harvest
Expected Net Present Value
calculus of variations
dynamic programming
maximum economic yield
Potential Scenario
142
views
43
downloads
0
comments
2008-Chernyshov-EtAl-The Problem of Modelling of Economic Dynamics in Differential Form
The authors have tried to analyze procedures of the construction of differential equations that are employed for modeling of macroeconomic processes. The results prove to be rather unexpected.
Fredholm integral equation of
Leontief’s model
macroeconomic processes
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