Abstract
A set of self-organized linear differential equations describing the economic system of Britain in 1965 is developed using the GMDH (the group method of data handling). The characteristic variables of the system were taken from the work of Parks and Pyatt. For selection the new criterion of the balance of variables was used. This assures the minimum deviation of the solution on the prediction interval (from 1965 to 1969). The equations are used to define the predicted optimal control when the moving interval of prediction is equal to four years. To synthesize the optimum control on the moving prediction interval, a simplified variant of the maximum principle is used.
Similar content being viewed by others
References
P. C. Parks and F. G. Pyatt, “An introduction to the analysis and control of dynamic models in economics,”Measurement & Control 1(July):255–258 (1968); see alsoAvtomatica 4 (1970).
P. C. Parks and F. G. Pyatt, “Controlling the economy-an exercise in collaboration,”Electronics & Power 15(August):270 (1969).
D. Gabor, “Cybernetics and the future of industrial civilisation,”J. Cybernetics 1(2):1–4 (1971).
D. Gabor, “The proper priorities of science and technology,” Southampton University, England (1972).
N. A. Ivakhnenko and M. Z. Kvasko, “Combined algorithms of GMDH where both ‘symmetrical’ and ‘non-symmetrical’ polynomials are examined for regularity,”Avtomatica 5 (1972).
A. G. Ivakhnenko,Systems with Heuristic Self-Organisation in Technical Cybernetics (Technika, Kiev, 1971).
A. G. Ivakhnenko, B. K. Svetalsky, and N. N. Todya, “Problems of statistical prediction of random processes by the principle of self-organisation of prediction equations, Part III,”Avtomatica 3 (1973).
A. G. Ivakhnenko and N. A. Ivakhnenko, “Long term prediction by GMDH algorithms using criteria of unbiasedness and balance of variables,”Avtomatica 4 (1974).
A. G. Ivakhnenko, Y. A. Toloknyanenko, and A. G. Yaremenko, “Self-organisation of an analogue control with prediction optimization as a prospect of transition from automated to automatic control systems,Avtomatica 4 (1974).
C. Sira and Y. Gosman,Matrix Algebra in Economics (Statistika, Moscow, 1974).
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Parks, P.C., Ivakhnenko, A.G., Boichuk, L.M. et al. A self-organizing model of the British economy for control with optimal prediction using the balance-of-variables criterion. International Journal of Computer and Information Sciences 4, 349–379 (1975). https://doi.org/10.1007/BF00979374
Received:
Issue Date:
DOI: https://doi.org/10.1007/BF00979374