Considerations on the stochastic approach in economics
This paper presents several views on stochastic aspects in economic modeling. The authors analyzed the necessity of stochastic approach in economics, they described the specificity of stochastic models in this field and they presented the premises of this approach as well as the tools used. An an...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Editura ASE
2013-06-01
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| Series: | Amfiteatru Economic |
| Subjects: | |
| Online Access: | http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=1209 |
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| Summary: | This paper presents several views on stochastic aspects in economic modeling. The authors
analyzed the necessity of stochastic approach in economics, they described the specificity
of stochastic models in this field and they presented the premises of this approach as well as
the tools used. An analogy on stochastic events in economics and physics is also presented.
Some views on the stochastic approach in production and energy consumption models are
presented in the final part of the paper |
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| ISSN: | 1582-9146 2247-9104 |