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The Simplest Models of the Macroeconomics Dynamics in a Composition with the Principle of the Subjective Entropy Maximum

Open Access
|Mar 2023

Abstract

This paper proposes a solution to a certain macroeconomic model. A multi-alternative problem of aviation transportation optimal organisation in conditions of uncertainty of the subjective preference functions is considered. Conditional optimisation of the objective functional containing the entropy of the individuals’ operational effectiveness functions preferences is carried out in the framework of the simplest macroeconomic problem. The principle of the Solow and Cobb–Douglas models, similar to the approach adopted for the estimation of economic growth, is modified with the subjective entropy maximum principle. The advantages of the described optimisation approach are demonstrated in the generalised terms of the operational effectiveness functions for aviation transportation organisation.

Language: English
Page range: 10 - 21
Submitted on: Oct 11, 2022
Accepted on: Dec 12, 2022
Published on: Mar 17, 2023
Published by: Sciendo
In partnership with: Paradigm Publishing Services
Publication frequency: 4 times per year

© 2023 Vladimir Aleksandrovich Kasianov, Andriy Viktorovich Goncharenko, published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.