Application of artificial intelligence techniques to economic planning

Authors:
Ioan-Gheorghe Ratiu;Claudia-Georgeta Carstea;Doru Plesea;Lucian Patrascu
Affiliations:
Department of Mathematics, Informatics, and Socio-Human Sciences, "George Baritiu" University, Brasov, Romania;Department of Mathematics, Informatics, and Socio-Human Sciences, "George Baritiu" University, Brasov, Romania;Department of Economics, "George Baritiu" University, Brasov, Romania;Department of Economics, "George Baritiu" University, Brasov, Romania
Venue:
TELE-INFO'09 Proceedings of the 8th Wseas international conference on Telecommunications and informatics
Year:
2009

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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.