NONLINEAR MATHEMATICAL MODEL OF DEMAND – SUPPLY

Abstract

Currently, mathematical modeling is more and more persistently invading the economy. The possibility of using mathematical modeling is related to the existence of stable trends that characterize many economic processes. The importance of modeling as a research method is determined by the fact that the model is a conceptual tool focused on the analysis of the researched processes and their forecasting. The need to master mathematical modeling of economic processes as a method of analysis is not limited to purely practical needs: mastering this method contributes to the formation of non-linear thinking. Thus, in addition to solving purely practical problems, the use of this method has a great ideological significance. The paper examines two models of supply and demand: linear and nonlinear. For each model, goals and mathematical formulations of the models are formulated. Methods for analyzing the coefficients of two models are proposed.