Application of Artificial Intelligence Techniques to Economic Planning


Ratiu I., Carstea C., Plesea D., Patrascu L.

8th WSEAS International Conference on Telecommunications and Informatics, İstanbul, Turkey, 30 May - 01 June 2009, pp.112-113 identifier

  • Publication Type: Conference Paper / Full Text
  • City: İstanbul
  • Country: Turkey
  • Page Numbers: pp.112-113

Abstract

In this article the relevance of computer science to economic planning is presented. An algorithm for constructing a balanced economic plan is presented and found to be of time order N log (N) in the complexity of the economy. The time taken to perform a complete plan optimization in natural units for a part of economy is estimated. The experimental results confirm the Initial complexity analysis of the algorithm. Our conclusions are that. automated resource allocation by computer constitutes a third economic alternative to market allocation or bureaucratic allocation.