WIT Press


Decision Making Risk At Identification's Algorithms Of Dynamic Parameters Of Economic Systems With Non-visible Trajectories

Price

Free (open access)

Paper DOI

10.2495/RISK000231

Volume

45

Pages

10

Published

2000

Size

959 kb

Author(s)

L. Bahvalov & Y. Teimenson

Abstract

Unlike many natural resources, mineral riches of the earth are non-renewal, so questions of its rational usage have a very big value on behalf of a development of a national economy. The rational usage of mineral resources requires the presence of econometric models, allowing to fulfill the strategic planning of a resources consumption. It's clear, that an accuracy of such models influences directly on the risk of decision making by strategic macroeconomic problems. Existing models' analysis shows that there aren't special computer models for mining industry. Thus, the differential approximated econometric model of a dynamics of different countries resources production and consumption has been developed by us. This model is described by the modi

Keywords