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MODELS FOR NONLINEAR DECISIONS OVERVIEW AND 2 CASE EXAMPLES IN FINANCE AND ENERGY

Vol. 7, Issue 3, pp. 75-96(2021), DOI: 10.37410/EMERG.2021.3.06
Ionut PURICA, Liviu Lucian ALBU, Marioara IORDAN, Sorin DINU

Abstract

Evolutiile din ultimii ani in lumea financiara si economica au dovedit inca o data ca modelele folosite pentru descrierea comportamentului unor sisteme date trebuie sa fie extinse iar abordarea pe care se bazeaza sa se schimbe de la liniar la neliniar. Un numar de asemenea modele sunt descrise in lucrare cu o sinteza a elementelor lor de baza privind comportamentul neliniar si se prezinta exemple de caz privind modul cum este descrisa decizia discontinua asociata cu crizele financiare si cu evolutia tehnologica a sistemelor de energie. Sunt date sugestii privind modul cum se pot controla crizele si nu sa fie eliminate daca se doreste adaptarea la dinamica neliniara a lumii precum si privind scenarii optime de penetrare a tehnologiilor ALFRED si celul de combustibil pentru producerea de energie.

The latest years evolution in the financial and economic world have proven one more time that the models used to describe behavior of given systems should be extended and the approach on which they are based should change from linear to nonlinear. A number of such models are described in the paper with a synthesis of the main features of nonlinear behavior and a case example is presented on how to describe in order to be able to predict the discontinuous decision associated with the financial crises and with the technological evolution of energy systems. Suggestions are made on the need to control crises not to eliminate them if one wants to better adapt to a nonlinear world dynamic and on the optimal scenarios for the penetration of ALFRED and fuel cell technologies for energy production.

Keywords

Nonlinear models, discontinuous decisions, financial crises, energy technologies

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