Title:

Proceedings of the 3rd Italian-Polish conference on applications of systems theory to economy, management and technology: Białowieża, Poland, May 26-31, 1976 * Systems theory of economic * On optimum allocation of resources

Subtitle:

Książka = Book ; KS/1/1977/R02P02

Creator:

Cichocki, Krzysztof

Publisher:

Instytut Badań Systemowych. Polska Akademia Nauk ; Systems Research Institute. Polish Academy of Sciences

Place of publishing:

Warszawa

Date issued/created:

1977

Description:

[4], 175-191 pages ; 21 cm ; Bibliography p. 190

Type of object:

Book/Chapter

Abstract:

This paper develops a model of economic growth designed to provide framework for optimal allocation of resources such as labour, capital and public consumption services. The resorces are assumed to be the result of savings over a time interval (O, T). The savings come from two sources : depreciation allowances and household savings. Mathematically the problem is characterized by a nonlinear dynamie system. The objective of the system is to maxirnize the net national product over (O, T). The problem possesses a unique global optimal solution expressible in exogenous variables. An extension of the model is possible which provides a framework for dealing with optimal selection of prices and deterrnining the optima! level of savings, satisfying dernands of production for resources.

Relation:

Książka = Book

Resource type:

Text

Detailed Resource Type:

Book

Source:

KS-1977-01-R02P02

Language:

eng

Language of abstract:

eng

Rights:

Creative Commons Attribution BY 4.0 license

Terms of use:

Copyright-protected material. [CC BY 4.0] May be used within the scope specified in Creative Commons Attribution BY 4.0 license, full text available at: ; -

Digitizing institution:

Systems Research Institute of the Polish Academy of Sciences

Original in:

Library of Systems Research Institute PAS

Projects co-financed by:

Operational Program Digital Poland, 2014-2020, Measure 2.3: Digital accessibility and usefulness of public sector information; funds from the European Regional Development Fund and national co-financing from the state budget.

Access:

Open