Course: Mathematical Models in Economy

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Course title Mathematical Models in Economy
Course code KMA/PGSMM
Organizational form of instruction Lecture
Level of course Doctoral
Year of study not specified
Semester Winter and summer
Number of ECTS credits 15
Language of instruction Czech, English
Status of course unspecified
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Pavlačka Ondřej, RNDr. Ph.D.
Course content
A brief overview of the history of mathematical applications in economy. Classification of the mathematical tools of modeling in economy. Network analysis: optimal paths in graphs, critical path analysis - CPM, PERT. Models of bulk service theory: stationary probabilities, exponential one-channel system with unlimited and limited length of a line, system with channels arranged in parallel. Models of renewal: Renewal of ageing equipment models. Renewal of failing elements models. Inventory models: Deterministic inventory models - periodic one-product and multi product restocking. Stochastic inventory models - single supply, periodic one-product restocking - strategies (q,r) and (S,d). Input-output analysis: open Leontief model, dynamization of the input-output model. Production function.

Learning activities and teaching methods
Dialogic Lecture (Discussion, Dialog, Brainstorming), Work with Text (with Book, Textbook)
Learning outcomes
To master the theoretical basis of operational research
Understanding To understand the theoretical basis of operational research.
Prerequisites
Master's degree in mathematics.

Assessment methods and criteria
Oral exam

Exam: to know and to understand the subject
Recommended literature
  • I. Gros. (2003). Kvantitativní metody v manažerském rozhodování. Grada.
  • R. Hušek, M. Maňas. (1989). Matematické modely v ekonomii. SNTL, Praha.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester