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RESEARCH PAPERS: Technical Papers

Modeling and Optimization of Economic System in Socialist Countries

[+] Author and Article Information
K. Cichocki

The Institute of Organization, Management, and Control Sciences, Polish Academy of Sciences, Warsaw, Poland

J. Dyn. Sys., Meas., Control 98(3), 252-259 (Sep 01, 1976) (8 pages) doi:10.1115/1.3427031 History: Received March 08, 1976; Online July 13, 2010

Abstract

A normative model is presented consisting of production, consumption, and environment subsystems. The production subsystem consists of a number of cooperating sectors. The sectoral, input-output relation is specified by a generalized CES production function which encompasses the inertia and delays of the system. The accumulated national production is optimally allocated to production, consumption, and environment to yield the optimum GNP per capita over a next planning period. An aggregation technique is presented, yielding a macromodel from a set of sectoral micromodels. System development is forecasted based on estimates of historical data.

Copyright © 1976 by ASME
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