Related Experiment Video

Updated: Jul 2, 2026

Development of an Individual-Tree Basal Area Increment Model using a Linear Mixed-Effects Approach
04:35

Development of an Individual-Tree Basal Area Increment Model using a Linear Mixed-Effects Approach

Published on: July 3, 2020

Macroeconomic stabilization policy for a dynamic economy: variations on a model by Leitmann and Wan

Reinhard Neck1, Dmitri Blueschke1, Viktoria Blueschke-Nikolaeva1

  • 1Department of Economics, University of Klagenfurt, Universitätsstrasse 65-67, 9020 Klagenfurt, Austria.

Central European Journal of Operations Research
|May 5, 2025
PubMed

Keywords:
Dynamic gamesEconomic policyFeedback Nash equilibriumMacroeconomicsOptimal controlPareto solution

Related Concept Videos

Alternative Sets of Equilibrium Equations01:31

Alternative Sets of Equilibrium Equations

When analyzing the behavior of structures, engineers often rely on the concept of equilibrium. This refers to the state where all forces and moments acting on a system balance each other, resulting in no net movement or rotation. In many cases, equilibrium can be described by a set of standard equations. However, in some situations, alternative sets of equilibrium equations must be used to describe the system's behavior accurately.
One example of such a situation can be observed in a...
350
Stability of Equilibrium Configuration01:23

Stability of Equilibrium Configuration

Understanding the stability of equilibrium configurations is a fundamental part of mechanical engineering. In any system, there are three distinct types of equilibrium: stable, neutral, and unstable.
A stable equilibrium occurs when a system tends to return to its original position when given a small displacement, and the potential energy is at its minimum. An example of a stable equilibrium is when a cantilever beam is fixed at one end and a weight is attached to the other end. If the weight...
403
Linear Approximation in Time Domain01:21

Linear Approximation in Time Domain

Nonlinear systems often require sophisticated approaches for accurate modeling and analysis, with state-space representation being particularly effective. This method is especially useful for systems where variables and parameters vary with time or operating conditions, such as in a simple pendulum or a translational mechanical system with nonlinear springs.
For a simple pendulum with a mass evenly distributed along its length and the center of mass located at half the pendulum's length,...
53
Stability01:28

Stability

The time response of a linear time-invariant (LTI) system can be divided into transient and steady-state responses. The transient response represents the system's initial reaction to a change in input and diminishes to zero over time. In contrast, the steady-state response is the behavior that persists after the transient effects have faded.
The stability of an LTI system is determined by the roots of its characteristic equation, known as poles. A system is stable if it produces a bounded...
65
Multimachine Stability01:25

Multimachine Stability

Multimachine stability analysis is crucial for understanding the dynamics and stability of power systems with multiple synchronous machines. The objective is to solve the swing equations for a network of M machines connected to an N-bus power system.
In analyzing the system, the nodal equations represent the relationship between bus voltages, machine voltages, and machine currents. The nodal equation is given by:
101
Mechanistic Models: Compartment Models in Algorithms for Numerical Problem Solving01:29

Mechanistic Models: Compartment Models in Algorithms for Numerical Problem Solving

Mechanistic models play a crucial role in algorithms for numerical problem-solving, particularly in nonlinear mixed effects modeling (NMEM). These models aim to minimize specific objective functions by evaluating various parameter estimates, leading to the development of systematic algorithms. In some cases, linearization techniques approximate the model using linear equations.
In individual population analyses, different algorithms are employed, such as Cauchy's method, which uses a...
25