Abstract
Every real system exhibits delays, that time gap between an action and its response. Anyone wanted to realistically simulate a dynamic system knows that these delays must be properly included in the model. These inclusions are easy to accomplish. As well, we often want to know when a system has been adjusted to its optimum performance. The built-in derivative function allows you to find such optimum conditions in your model.
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© 2012 Springer Science+Business Media, LLC
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Ruth, M., Hannon, B. (2012). Derivatives and Lags. In: Modeling Dynamic Economic Systems. Modeling Dynamic Systems. Springer, Boston, MA. https://doi.org/10.1007/978-1-4614-2209-9_6
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DOI: https://doi.org/10.1007/978-1-4614-2209-9_6
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Online ISBN: 978-1-4614-2209-9
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