Cybernetic Automatic Economic Planning

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* Presentation: "Arjunveer Singh and Shivam Mahajan of the Center for Cybernomics Research discuss their paper that extends the Dynamic Leontief Input-Output Model to cover accurate supply changes according to demand, international trade and other matters."

URL = https://www.youtube.com/watch?v=uM6UkVPyvss


Description

"This study extends the classical Leontief inputoutput model into a sophisticated, dynamic, and scalable framework suitable for modern large-scale economies comprising millions of sectors. We present a novel computational methodology that leverages sparse matrix techniques, Neumann series approximations, and demand-price elasticity feedback mechanisms to simulate and optimise economic production, investment and resource allocation over time. Our approach rigorously analyses error propagation, computational complexity, and real-world applicability, which are validated through extensive simulations and empirical data comparisons. This study aims to provide a robust platform for real-time, high-resolution economic planning."


More information

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