A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2017; you can also visit the original URL.
The file type is
The Use of Functional Differential Equations in the Model of the Meat Market with Supply Delay
Procedia - Social and Behavioral Sciences
In economic applications, we have to make the assumption that relations between the variables vary with time. One of the possible ways of incorporating the process dynamics into the model is to describe the model by functional equations. The paper is based on the assumption that the balance between the demand and supply can be successfully expressed by a model described by differential equations, even if the goods are supplied with a certain delay. The equation is solved by modern theory.doi:10.1016/j.sbspro.2015.11.406 fatcat:kahbmkxewzdg7emanzlbz6gkna