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Publication Detailed Description
5th International Conference APLIMAT 2006
Year (definitive publication)
2006
Language
English
Country
Slovakia
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Abstract
We consider the problem of assessing resources dynamics in the context of an economic system subject to Gaussian consumption and deterministic productivity. A discrete time recursive equation is presented to justify the use of the Ornstein-Uhlenbeck diffusion process. Under assumptions about regeneration of the process, we observe the system equilibrium as to what concerns resources depreciation or accumulation.
Acknowledgements
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Keywords
Fields of Science and Technology Classification
- Mathematics - Natural Sciences
- Other Agricultural Sciences - Agriculture Sciences
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