Forecasting algorithms of production and consumption dynamics of world countries resources on the base of Kondratyev’s cycles

- Organization:
- The Southern African Institute of Mining and Metallurgy
- Pages:
- 8
- File Size:
- 193 KB
- Publication Date:
- Jan 1, 2003
Abstract
Irrational usage of mineral commodities leads to depletion of natural resources and various ecological violations in natural environment. Fulfilment of a number of measures and strategic decisions by given problems requires a correct forecast of trends of social-economic systems. For solving the task of long-term forecasting special procedures, considering Kondratyev’s big cycles of world conjuncture, have been embedded into algorithms of unknown parameters identification and recovering of factors of different countries mineral resources production and consumption models. In the paper the classification of long cycles types, existing forecasting algorithms on the basis of Kondratyev’s ‘long waves’ or ‘K-waves’ and the modified algorithm, developed by us, which allows to reduce time and financial expenses and to improve the forecast quality, are presented. Furthermore, the article includes several forecasts of mining branch corrected models factors, received by us, permitting complex prognosis of economic and social development of different scale and control level systems. In the paper workability of proposed forecasting algorithms on the base of ‘K-waves’ and adequacy of created models to researched processes are proved.
Citation
APA:
(2003) Forecasting algorithms of production and consumption dynamics of world countries resources on the base of Kondratyev’s cyclesMLA: Forecasting algorithms of production and consumption dynamics of world countries resources on the base of Kondratyev’s cycles. The Southern African Institute of Mining and Metallurgy, 2003.