Modelling of Stability of Economic Systems Using Benchmarking and Dynamic Programming

Abstract

Crucial component of the successful performance of an economic system (ECSYS) is maintenance of an optimality of functioning of all industrial and economic criteria of the given system. The purpose of the given work is stochastic modelling of the stability of ECSYS. The process of deterministic and stochastic modelling of ECSYS stability is considered in the conditions of uncertainty using benchmarking and dynamic programming method by Bellman.