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Moving limit cycles model of an economic system

dc.contributor.authorKryuchkov, Vladimir
dc.contributor.authorSolomonovich, Mark
dc.contributor.authorAnton, Cristina
dc.description.abstractWe consider a model explaining the dependence between the productivity of labor (PL) and the fixed capital per worker (FC) in an economic system. The core of the model is a nonlinear oscillator with a limit cycle as an attractor. We run numerical simulations of the dynamics specific to this non-autonomous model to compare with the actual data recorded for the years 1987–2001 for the enterprise Omsk Bacon. Based on the numerical analysis we can conclude that the interior dynamics is not affected by exterior perturbations. The numerical simulations can help the managers of the enterprise to take the right steps to avoid stagnation.
dc.identifier.citationKryuchkov, V., Solomonovich, M., Anton, C. (2017). Moving Limit Cycles Model of an Economic System. In: Dimov, I., Faragó, I., Vulkov, L. (eds) Numerical Analysis and Its Applications. NAA 2016. Lecture Notes in Computer Science, vol 10187. Springer, Cham.
dc.rightsAll Rights Reserved
dc.subjectdynamical system
dc.subjectlimit cycle
dc.subjectcomplex systems modeling
dc.subjectfiber bundle
dc.subjectnumerical scheme
dc.titleMoving limit cycles model of an economic systemen
dc.typeBook Chapter