On modeling with multiplicative differential equations

  • Agamirza E. Bashirov
  • Emine Mısırlı
  • Yücel Tandoğdu
  • Ali Özyapıcı
Article

DOI: 10.1007/s11766-011-2767-6

Cite this article as:
Bashirov, A.E., Mısırlı, E., Tandoğdu, Y. et al. Appl. Math. J. Chin. Univ. (2011) 26: 425. doi:10.1007/s11766-011-2767-6

Abstract

This work is aimed to show that various problems from different fields can be modeled more efficiently using multiplicative calculus, in place of Newtonian calculus. Since multiplicative calculus is still in its infancy, some effort is put to explain its basic principles such as exponential arithmetic, multiplicative calculus, and multiplicative differential equations. Examples from finance, actuarial science, economics, and social sciences are presented with solutions using multiplicative calculus concepts. Based on the encouraging results obtained it is recommended that further research into this field be vested to exploit the applicability of multiplicative calculus in different fields as well as the development of multiplicative calculus concepts.

Keywords

Gompertz functionelasticityexponential arithmeticmultiplicative calculusgrowth

MR Subject Classification

00A7193A3097M10

Copyright information

© Editorial Committee of Applied Mathematics-A Journal of Chinese Universities and Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  • Agamirza E. Bashirov
    • 1
  • Emine Mısırlı
    • 2
  • Yücel Tandoğdu
    • 1
  • Ali Özyapıcı
    • 3
  1. 1.Department of MathematicsEastern Mediterranean UniversityGazimagusaTurkey
  2. 2.Department of MathematicsEge UniversityIzmirTurkey
  3. 3.Department of Computer EngineeringLefke European UniversityGemikonaǧıTurkey