Time-Delay Systems
André A. Keller
Broschiertes Buch

Time-Delay Systems

With Applications to Economic Dynamics and Control

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Time-delay systems consist of delay differential equations that combine the continuous aspect of differential equations and the sample features of difference equations. These equations have advanced and retarded, fixed or flexible delays. Their origin is imputed to Condorcet in 1767, in his astronomical three-body problem. This approach has been extensively studied in various scientific studies in Physics, Engineering, Chemistry, Biology. Early, the interest for such a modeling approach also appears in Economics. In the 1930's, Kalecki presented a delay business cycle model and Tinbergen propo...