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Decision Making Problem of a Single Product Dynamic Macroeconomic Model on Base of Fuzzy Uncertainty

  • Latafat A. GardashovaEmail author
  • Babek G. Guirimov
Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 1095)

Abstract

A problem of fuzzy optimal control for a single-product dynamical macroeconomic model is considered in which the gross domestic product is divided into productive consumption, gross investment, and non-productive consumption. The multi-criteria model is described by a fuzzy differential equation (FDE) to take into account the imprecision inherent in dynamics of real-world systems. We applied DEO (Differential Evolution Optimization) and fuzzy Pareto optimality (FPO) formalism to solve the considered problem that allows to softly narrow a Pareto optimal set by determining degrees of optimality for considered solutions.

Keywords

Single-product dynamic macroeconomic model Multiobjective optimal control Pareto optimality Fuzzy optimality Fuzzy differential equation 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Azerbaijan State Oil and Industry UniversityBakuAzerbaijan
  2. 2.SOCAR Midstream OperationsBakuAzerbaijan

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