Decision Making Problem of a Single Product Dynamic Macroeconomic Model on Base of Fuzzy Uncertainty
A problem of fuzzy optimal control for a single-product dynamical macroeconomic model is considered in which the gross domestic product is divided into productive consumption, gross investment, and non-productive consumption. The multi-criteria model is described by a fuzzy differential equation (FDE) to take into account the imprecision inherent in dynamics of real-world systems. We applied DEO (Differential Evolution Optimization) and fuzzy Pareto optimality (FPO) formalism to solve the considered problem that allows to softly narrow a Pareto optimal set by determining degrees of optimality for considered solutions.
KeywordsSingle-product dynamic macroeconomic model Multiobjective optimal control Pareto optimality Fuzzy optimality Fuzzy differential equation
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