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

  • National Aviation University

Research output: Contribution to journalArticlepeer-review

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.

Original languageEnglish
Pages (from-to)10-21
Number of pages12
JournalTransactions on Aerospace Research
Volume270
Issue number1
DOIs
StatePublished - 1 Mar 2023
Externally publishedYes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 8 - Decent Work and Economic Growth
    SDG 8 Decent Work and Economic Growth

Keywords

  • aviation transportation
  • entropy
  • objective functional optimisation
  • operational effectiveness
  • simplest macroeconomic problem

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