Using Fuzzy Cognitive Maps in Analysing and Studying International Economic and Political Stability

Session

Management, Business and Economics

Description

Challenging Issues of International Economic and Political Stability is considered. Various models describing them are briefly presented and their strong and weak points are considered. Today's world problem cannot be analyzed and understood with present mathematical models. The approach of Fuzzy Cognitive Maps (FCM) is used to model the economic behavior of a country. A new model is proposed for international affairs using FCM. Two cases are considered and simulations are conducted. Obtained results are presented and discussed. Future research directions are presented.

Keywords:

International Stability, Fuzzy logic, Fuzzy Cognitive Maps, Sustainable growth

Session Chair

Nehat Ramadani

Session Co-Chair

Nehat Dobratiqi

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-437-69-1

Location

Pristina, Kosovo

Start Date

27-10-2018 10:45 AM

End Date

27-10-2018 12:15 PM

DOI

10.33107/ubt-ic.2018.330

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Oct 27th, 10:45 AM Oct 27th, 12:15 PM

Using Fuzzy Cognitive Maps in Analysing and Studying International Economic and Political Stability

Pristina, Kosovo

Challenging Issues of International Economic and Political Stability is considered. Various models describing them are briefly presented and their strong and weak points are considered. Today's world problem cannot be analyzed and understood with present mathematical models. The approach of Fuzzy Cognitive Maps (FCM) is used to model the economic behavior of a country. A new model is proposed for international affairs using FCM. Two cases are considered and simulations are conducted. Obtained results are presented and discussed. Future research directions are presented.