THE EXPERIENCE OF APPLYING MATHEMATICAL METHODS FOR ANALYSIS OF THE MICROGENERATION SECTOR IN RUSSIA Cover Image

THE EXPERIENCE OF APPLYING MATHEMATICAL METHODS FOR ANALYSIS OF THE MICROGENERATION SECTOR IN RUSSIA
THE EXPERIENCE OF APPLYING MATHEMATICAL METHODS FOR ANALYSIS OF THE MICROGENERATION SECTOR IN RUSSIA

Author(s): Sergei VLADIMIROVICH Gavriusev, Maxim VASILYEVICH Chernyaev
Subject(s): Economy
Published by: Visoka škola za poslovnu ekonomiju i preduzetništvo
Keywords: microgeneration sector; Gaussian mixture model (GMM); clustering; mathematical methods; electricity sector

Summary/Abstract: The paper relates to substantiation of reasonability of applying the mathematical methods to economic researches. The developed by the author algorithm for determining the relevant for Russia foreign experience of the microgeneration sector development on the basis of the Gaussian mixture model is provided as an example. This algorithm used to be successfully applied within the framework of a larger scale research related to the problems of development and increasing of the economic efficiency of the microgeneration sector in Russia. The paper provides for the mathematical description and economic feasibility study of the measures taken. High efficiency of using the quantitative methods for obtaining the results, which are significant from the point of view of the economic feasibility study, is underlined. There are also described the problematic issues of the suggested algorithm and possible ways of solving thereof. Finally, the conclusion is made about a high heuristic value of the above-described algorithm and the reasonability of applying the mathematical methods to economic researches.

  • Issue Year: 2021
  • Issue No: 1-2
  • Page Range: 153-160
  • Page Count: 8
  • Language: English
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