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  • In this paper is presented a comprehensive mathematical model using the second-order linear difference equation with constant coefficients in an analysis of inventory cycles with study of national income and its progress in time. The solution of this difference equation has the stable equilibrium value. In this “pure inventory cycle” model, expectation of future sales depends only on the level of past sales.
  • In this paper is presented a comprehensive mathematical model using the second-order linear difference equation with constant coefficients in an analysis of inventory cycles with study of national income and its progress in time. The solution of this difference equation has the stable equilibrium value. In this “pure inventory cycle” model, expectation of future sales depends only on the level of past sales. (en)
Title
  • An Application of Discrete Mathematical Model in Economics
  • An Application of Discrete Mathematical Model in Economics (en)
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  • An Application of Discrete Mathematical Model in Economics
  • An Application of Discrete Mathematical Model in Economics (en)
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  • RIV/27266150:_____/12:#0000014!RIV13-MSM-27266150
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  • linear difference equation, homogeneous difference equation, inventory cycle, national income (en)
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  • Coufal, Jan
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