The development of a systematic and analytical model for foreign trade forecasting
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Date
2021
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
Gravitational model describing Georgia’s Foreign Trade Relations is developed by the simulation method. Determination of optimal values of coefficients existing within the models is carried out by our developed computer program, not by the linear optimization method within the scope of simulation mode.
In order to adequately reflect the influence of the pandemic factor on foreign trade and the possible consequences of the decision made, a modified version of the gravity model developed by us using the method of logical-reflexive modeling is considered. The presented economic-mathematical model of foreign trade is based on gravitational, logical-reflexive and logical-probability modeling.
Description
Reference
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Keywords
Foreign Trade, logical-reflexive model, logical-probability model, optimization task, FinSim
Citation
VI International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2021, pp. 368-375