Modern economics was born in the Marginal revolution and the Keynesian revolution. These revolutions led to the emergence of fundamental concepts and methods in economic theory, which allow the use of differential and integral calculus to describe economic phenomena, effects, and processes. At the pre...
Calculus of variationsDynamic modelsNabla derivativeOptimizationTime scalesEconomics is a discipline in which there appears to be many opportunities for applications of time scales. The time scales approach will not only unify the standard discrete and continuous models in economics, but also, for ...
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Kamien MI, Schwartz NL (1991) Dynamic optimization: the calculus of variations and optimal control in economics and management, 2nd edn. Elsevier, Amsterdam MATH Google Scholar Knight B (2020) Despite coronavirus, foreign doctors struggle to get degrees recognized in Germany. DW. https://www.dw...
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Calculus of Variation and Optimal Control Application Details Publish Date: November 27, 2008 Created In: Maple 12 Language: English Share Copy URL This app is not in any Collections Add to a Collection Tags economics More Like This Constrained Optimization marcus . Nash Equilibrium in a...
First the electricity transmission loss is expressed in terms of source currents. It is thus an analytical function. Then the marginal loss with respect to source current is derived based on calculus and vector algebra. Using each source/load power represents its nodal injection current, the ...
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The main applications of the linguistic approach lie in the realm of humanistic systems-especially in the fields of artificial intelligence, linguistics, human decision processes, pattern recognition, psychology, law, medical diagnosis, information retrieval, economics and related areas. 展开...
an actuary will assess the probability of an event happening, then apply statistical methods to determine what the financial impact of that outcome will be.6Actuaries usually do not use calculus at work, though calculus may be a prerequisite to meeting other course requirements. ...