Yaacob, Yusof and Maan, Normah (1995) Kestabilan komoditi tunggal dengan menggunakan kaedah langsung Lyapunov. Matematika, 11 (2). pp. 87-94. ISSN 0127-8274
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Official URL: http://www.fs.utm.my/matematika/content/view/218/3...
Abstract
A model proposed by Belair & Mackey [1] concerning price dynamics of a single commodity market is reconsidered with different demand price kernel. From the model, a delay differential equation is obtained. The stability of the equilibrium price is analyzed using the Lyapunov's direct method and it is shown that the equilibrium price is locally and uniformally stable.
| Item Type: | Article |
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| Uncontrolled Keywords: | demand price, supply price, demand price kernel, supply price kernel, equilibrium price, locally and uniformally stable, Lyapunov's direct method |
| Subjects: | Q Science > QA Mathematics |
| Divisions: | Science |
| ID Code: | 9856 |
| Deposited By: | Zalinda Shuratman |
| Deposited On: | 18 May 2010 09:34 |
| Last Modified: | 02 Jun 2010 02:04 |
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