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Title: Rational expectations modelling in O.R
Authors: Phelps, R I
Warwick, J P
Issue Date: 1984
Publisher: Brunel University
Citation: Maths Technical Papers (Brunel University). November 1984 , pp 1-9
Abstract: The conventional OR approach to managing a system is, in outline, firstly to create a model of the existing system, secondly, to investigate changes in the model which improve or control the behaviour of the model and thirdly, to implement these changes in the system. It is assumed that the model incorporating these changes will be a valid representation of the system after the changes, in as far as the original model was a valid representation of the original system, and can thus be used to assess the benefits and disbenefits arising from the changes.
Appears in Collections:Dept of Mathematics Research Papers
Mathematical Sciences

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