Digital twins and their application in the economy
Rubrics: SCIENTIFIC ARTICLES
Authors:
1.
Kuban State Agrarian University
student
student
2.
Kuban State Agrarian University
student
student
3.
Kuban State Agrarian University
(kafedra ekonomicheskoy kibernetiki, starshiy prepodavatel')
employee
employee
Type:
Article
Pages:
from 397
to 401
Status:
Published
Received:
27.06.2025
Accepted:
29.06.2025
Published:
29.06.2025
Subject area:
UDK 338.45
Language:
Russian
Keywords:
mathematical modeling, economics, optimization, econometrics, simulation models, microeconomics, macroeconomics
Abstract (English):
Mathematical modeling helps economists understand complex processes. It allows them to predict how the economy will evolve and find the best management solutions. The article examines key approaches to constructing mathematical models in economics, including optimization, econometric, and simulation methods. Examples of their application at micro- and macroeconomic levels are provided, such as the Cobb-Douglas production function, the Solow economic growth model, and the Black-Scholes option pricing model. Special attention is paid to modern trends in economic-mathematical modeling related to the use of big data and machine learning.
Mathematical modeling helps economists understand complex processes. It allows them to predict how the economy will evolve and find the best management solutions. The article examines key approaches to constructing mathematical models in economics, including optimization, econometric, and simulation methods. Examples of their application at micro- and macroeconomic levels are provided, such as the Cobb-Douglas production function, the Solow economic growth model, and the Black-Scholes option pricing model. Special attention is paid to modern trends in economic-mathematical modeling related to the use of big data and machine learning.
Keywords:
mathematical modeling, economics, optimization, econometrics, simulation models, microeconomics, macroeconomics
mathematical modeling, economics, optimization, econometrics, simulation models, microeconomics, macroeconomics
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