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Introduction: Principles and Tools of Mathematical Modeling

In: Mathematical Modeling in Economics, Ecology and the Environment

Author

Listed:
  • Natali Hritonenko

    (Prairie View A&M University)

  • Yuri Yatsenko

    (Houston Baptist University)

Abstract

This chapter provides a brief overview of the goals, general principles, and specific tools of mathematical modeling, specifically for economic and environmental systems. Section 1.1 analyzes the role and structure of the modeling process in scientific research and decision-making practice. Section 1.2 explores and compares different types of mathematical models (deterministic and stochastic, continuous and discrete, linear and nonlinear). Section 1.3 outlines selected concepts and results of calculus and the theory of differential and integral equations used in this textbook.

Suggested Citation

  • Natali Hritonenko & Yuri Yatsenko, 2013. "Introduction: Principles and Tools of Mathematical Modeling," Springer Optimization and Its Applications, in: Mathematical Modeling in Economics, Ecology and the Environment, edition 2, chapter 0, pages 1-22, Springer.
    • Handle: RePEc:spr:spochp:978-1-4614-9311-2_1
    DOI: 10.1007/978-1-4614-9311-2_1
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