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Publicação
Finite state machine modelling of the macro-economy
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Orientador(es)
Resumo(s)
In this paper we model macro-economic policies with a Finite State Machine (FSM). The FSM is made of several states and transitions between states, in which a state is modelled by a set of conditions. The allowed transitions between states must be also be defined, in order to complete the model. In this paper we analyze how to use a FSM in order to model macroeconomic decision, where each state represents a set of economic decisions. Together with some pre-defined initial conditions, these adapted FSM models are analyzed in order for us to study what sequence of decisions yield the best results for pre-determined end-goals, based on the FSM’s possibilities. The final model shows what policies must be followed, and by what order, in order to maximize results, yielding some interesting conclusions..
Descrição
Palavras-chave
Finite State Machines (FSM) Macro Economy Modelling Politics
Contexto Educativo
Citação
Silva, João Marques and José Azevedo Pereira.(2017). "Finite state machine modelling of the macro-economy." Journal of Advanced Management Science, Vol. 5, no. 5, pp. 333- 337
Editora
JOAMS