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Optimizing the Restructuring Process of the Economic Development

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  • Assen Kovatchev

Abstract

The optimized restructuring of economy in the course of its productive development is addressed in the context of the dynamic theory of the identified systems. It is presented as a binary process of generating targeted quantitative and qualitative changes, of the marketed production and of the recurrently rebalanced resources, as well as in the model - algorithmic aspect. The standard classical approach “ceteris paribus”, incorporated in the linear programming methods is compared to the systematic-structural approach, developed by the author, as specified in details in the RPSD iterative algorithm, and advantages thereof are proven.

Suggested Citation

  • Assen Kovatchev, 2011. "Optimizing the Restructuring Process of the Economic Development," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 21-33.
  • Handle: RePEc:bas:econth:y:2011:i:5:p:21-33
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    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications

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