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Economic Modeling Processes Using Matlab

Author

Listed:
  • Anamaria G. MACOVEI

    ("Stefan cel Mare" University Suceava , România, Faculty of Economics and Public Administration)

  • Sorin T. SIRETEAN

    ("Stefan cel Mare" University Suceava, România, Faculty of Mechanical Engineering, Mechatronics and Management)

Abstract

To study economic phenomena and processes using mathem atical modeling, and to determine the approximate solution to a problem we need to choose a method of calculation and a numerical computer program, namely the package of programs MatLab. Any economic process or phenomenon is a mathematical description of h is behavior, and thus draw up an economic and mathematical model that has the following stages: formulation of the problem, the analysis process modeling, the production model and design verification, validation and implementation of the model. This article is presented an economic model and its modeling is using mathematical equations and software package MatLab, which helps us approximation effective solution. As data entry is considered the net cost, the cost of direct and total cost and the link between them. I presented the basic formula for determining the total cost. Economic model calculations were made in MatLab software package and with graphic representation of its interpretation of the results achieved in terms of our specific problem.

Suggested Citation

  • Anamaria G. MACOVEI & Sorin T. SIRETEAN, 2008. "Economic Modeling Processes Using Matlab," The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 8(1(8)), pages 218-222, June.
    • Handle: RePEc:scm:ausvfe:v:8:y:2008:i:1(8):p:218-222
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