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

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10th International Conference on Theory and Application of Soft Computing, Computing with Words and Perceptions - ICSCCW-2019 (ICSCCW 2019)

Part of the book series: Advances in Intelligent Systems and Computing ((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.

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Author information

Authors and Affiliations

  1. Azerbaijan State Oil and Industry University, Azadlig 20, Nasimi, Baku, Azerbaijan

    Latafat A. Gardashova

  2. SOCAR Midstream Operations, Baku, Azerbaijan

    Babek G. Guirimov

Authors
  1. Latafat A. Gardashova
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  2. Babek G. Guirimov
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Corresponding author

Correspondence to Latafat A. Gardashova .

Editor information

Editors and Affiliations

  1. Joint MBA Program, Azerbaijan State Oil and Industry University, Baku, Azerbaijan

    Rafik A. Aliev

  2. Polish Academy of Sciences, Systems Research Institute, Warsaw, Poland

    Janusz Kacprzyk

  3. Department of Electrical and Computer Engineering, University of Alberta, Edmonton, AB, Canada

    Witold Pedrycz

  4. Department of Electrical and Computer Engineering, University of Texas at San Antonio, San Antonio, TX, USA

    Mo Jamshidi

  5. Azerbaijan State Oil and Industry University, Baku, Azerbaijan

    Mustafa B. Babanli

  6. Department of Mechatronics, Near East University, Nicosia, Turkey

    Fahreddin M. Sadikoglu

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Gardashova, L.A., Guirimov, B.G. (2020). Decision Making Problem of a Single Product Dynamic Macroeconomic Model on Base of Fuzzy Uncertainty. In: Aliev, R., Kacprzyk, J., Pedrycz, W., Jamshidi, M., Babanli, M., Sadikoglu, F. (eds) 10th International Conference on Theory and Application of Soft Computing, Computing with Words and Perceptions - ICSCCW-2019. ICSCCW 2019. Advances in Intelligent Systems and Computing, vol 1095. Springer, Cham. https://doi.org/10.1007/978-3-030-35249-3_30

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