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Modeling of design iterations through simulation

โœ Scribed by Wei-Chih Wang; Jang-Jeng Liu; Tzong-Shiun Liao

Book ID
103824002
Publisher
Elsevier Science
Year
2006
Tongue
English
Weight
1012 KB
Volume
15
Category
Article
ISSN
0926-5805

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Iterative design of economic models via
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โœ M.H. Breitner; B. Koslik; O. von Stryk; H.J. Pesch ๐Ÿ“‚ Article ๐Ÿ“… 1995 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 305 KB

Microeconomic models, e.g., concern models, usually suffer from too simple dynamic equations and from too unrealistic economic data. In the paper, a new iterative design method is presented, which consists of numerical simulation, numerical solution of optimal control problems by direct optimization