Optimal control and genetic algorithms in modeling dynamical allocation of resources for a three-sector economy. Issue 2 (4th March 2023)

• Record Type: Journal Article
• Authors: Alexeeva, Tatyana; Chechurin, Leonid; Dodonov, Viktor; Honarmand, Zahra; Kuznetsov, Nikolay; Neittaanmäki, Pekka
• Is Part Of: International journal of parallel, emergent and distributed systems. Volume 38:Issue 2(2023)
• Page Start: 99
• Page End: 109
• Publication Date: 2023-03-04
• Subjects: Optimal control -- nonlinear dynamics -- economic growth -- balanced economy -- genetic algorithms; Parallel computers -- Periodicals; Electronic data processing -- Distributed processing -- Periodicals; Computer algorithms -- Periodicals; 004.35
• DOI: 10.1080/17445760.2022.2136372
• Languages: English
• ISSNs: 1744-5760

Abstract

ABSTRACT: The task of looking for the optimal allocation of resources in an economy is fraught with a number of severe restrictions. This is manifested in the complexity of the technical implementation of the solution even in the case of a low dimension of the problem. In this paper, we consider two approaches, analytical and numerical, for deriving the dynamical optimal allocation of resources in a three-sector economy and show that the use of modern artificial intelligence (AI) technologies such as genetic algorithms (GA), can be useful for expanding the range of effective tools and new contributions to this problem. GRAPHICAL ABSTRACT: UF0001