Modeling of Economic Processes, Instability and Chaos

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DOI: 10.4236/jamp.2019.72027    581 Downloads   1,183 Views  Citations

ABSTRACT

We consider a mathematical model describing the dynamics of the three components of the economic activity of enterprises—production, management and resource consumption. For the analysis of the dynamics, the methods and criteria formulated by the authors earlier were used; new results of a practical nature were obtained; in particular, the calculation of the spectrum of small perturbations of the system depending on the input resource and system parameters is given. It is shown that the calculated values of the criteria of instability and chaos are fully consistent with the calculation of the spectrum, indicated the stability intervals of the system, as well as areas of instability and chaos.

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Perevoznikov, E. and Lomteva, E. (2019) Modeling of Economic Processes, Instability and Chaos. Journal of Applied Mathematics and Physics, 7, 356-363. doi: 10.4236/jamp.2019.72027.
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