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A backward difference formulation for analyzing the dynamics of capital stocks

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dc.contributor.authorMohammad Hasan Abdul Satharen_US
dc.contributor.authorAhmad Fadly Nurullah Rasedeeen_US
dc.contributor.authorNur Ainna Ramlien_US
dc.contributor.authorNorizarina Ishaken_US
dc.contributor.authorSiti Raihana Hamzahen_US
dc.contributor.authorEhab Matarnehen_US
dc.contributor.authorSiti Munirah Mohden_US
dc.contributor.authorNurhidaya Md. Janen_US
dc.date.accessioned2024-05-29T02:25:52Z
dc.date.available2024-05-29T02:25:52Z
dc.date.issued2022
dc.description.abstractThe current study provides a numerical method that is derived in a backward difference formulation for ordinary differential equations. The proposed method employs a constant step size algorithm of order 12. The backward difference formulation serves as a competitive algorithm for solving ordinary differential equations. In the current study, the backward difference method is used to analyze the dynamics of capital stocks in terms of depreciation rate for the capital–labor ratio. Results provided in this study will validate the accuracy of the backward difference algorithm hence proving it as a viable alternative for analyzing economic problems in the form of ordinary differential equations.en_US
dc.identifier.doi10.23939/mmc2022.01.001
dc.identifier.epage8
dc.identifier.issn2312-9794
dc.identifier.issue1
dc.identifier.spage1
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/10525
dc.identifier.volume9
dc.language.isoenen_US
dc.publisherLviv Polytechnic National Universityen_US
dc.relation.ispartofMathematical Modeling and Computingen_US
dc.subjectapplied mathematics, backward difference, ODEs, multistepen_US
dc.titleA backward difference formulation for analyzing the dynamics of capital stocksen_US
dc.typeArticleen_US
dspace.entity.typePublication

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