Model of social-economic phenomena based on solid-state Ising model is formulated and used for computer simulation. The model is based on the lattice model of ferromagnetic or antiferromagnetic matter but takes deal with social phenomena. Set of agents of social-economic interaction is introduced into consideration. Agents take decision about participation in some sort of activity at discrete moments of time. The decision may lead to profit or to loss. It depends on previous history of the social-economic system. Dynamics of a system is defined by stochastic Markov process. Stochastic nature of the process is influenced by external and individual factors. The model is formulated algorithmically as a sequence of steps and is studied by means of computer simulation. Numerical results are given.

Original languageEnglish
Title of host publicationProceedings - 2020 2nd International Conference on Control Systems, Mathematical Modeling, Automation and Energy Efficiency, SUMMA 2020
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages264-267
Number of pages4
ISBN (Electronic)9781728188409
DOIs
StatePublished - 11 Nov 2020
Event2nd International Conference on Control Systems, Mathematical Modeling, Automation and Energy Efficiency, SUMMA 2020 - Virtual, Lipetsk, Russian Federation
Duration: 10 Nov 202013 Nov 2020

Publication series

NameProceedings - 2020 2nd International Conference on Control Systems, Mathematical Modeling, Automation and Energy Efficiency, SUMMA 2020

Conference

Conference2nd International Conference on Control Systems, Mathematical Modeling, Automation and Energy Efficiency, SUMMA 2020
Country/TerritoryRussian Federation
CityVirtual, Lipetsk
Period10/11/2013/11/20

    Scopus subject areas

  • Strategy and Management
  • Energy Engineering and Power Technology
  • Renewable Energy, Sustainability and the Environment
  • Control and Optimization
  • Modelling and Simulation

    Research areas

  • computer simulation, Ising model, lattice model, social-economic phenomena

ID: 73114808