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Both the optimization and equilibrium principles turn out to be more akin to common sense than to science. They have been postulated as describing markets, but lack the required empirical underpinning. Optimization is not a magic cure. In order to particularly circumvent some of the technical obstacles for a control problem , it turns out to be practically effective to reduce the system dynamics to a system of ordinary differential equations of considerably higher dimension, Such an approach might replace a theoretical difficulty by a greatly increased computational problem.
H. S. Alshawee. 2015. \u201cOn the Dynamics of the Nonlinear Rational Difference Equation x_{n+1}=Ax_{n}+Bx_{n-a}+((ax_{n-a}+bx_{n-k})/(cx_{n-a}+dx_{n-k}))\u201d. Global Journal of Science Frontier Research - F: Mathematics & Decision GJSFR-F Volume 15 (GJSFR Volume 15 Issue F9): .
Crossref Journal DOI 10.17406/GJSFR
Print ISSN 0975-5896
e-ISSN 2249-4626
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Total Score: 102
Country: Egypt
Subject: Global Journal of Science Frontier Research - F: Mathematics & Decision
Authors: E. M. Elabbasy, H. S. Alshawee (PhD/Dr. count: 0)
View Count (all-time): 151
Total Views (Real + Logic): 3882
Total Downloads (simulated): 1973
Publish Date: 2015 12, Sat
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Both the optimization and equilibrium principles turn out to be more akin to common sense than to science. They have been postulated as describing markets, but lack the required empirical underpinning. Optimization is not a magic cure. In order to particularly circumvent some of the technical obstacles for a control problem , it turns out to be practically effective to reduce the system dynamics to a system of ordinary differential equations of considerably higher dimension, Such an approach might replace a theoretical difficulty by a greatly increased computational problem.
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