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Simulated annealing and its application to cobb-douglas economic model

Research paper by Masanori Ohya, Takashi Matsuoka

Indexed on: 01 Oct '95Published on: 01 Oct '95Published in: Open Systems & Information Dynamics



Abstract

Recently, the simulated annealing has been applied to several combinatorial optimization problems. In this paper, the simulated annealing method for continuous functions is reviewed, and it is applied to an economic model having multiple optimal solutions, in which all optimal solutions cannot be simultaneously obtained by Scarf's algorithm.