Construction and Application of a Mathematical Model of Resource Matching From the Perspective of Social Economy

Bingzhang Chen
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Bingzhang Chen: Knowledge-First Empowerment Academy

A chapter in Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), 2022, pp 1046-1050 from Springer

Abstract: Abstract Mathematical models can be used to solve every single problem that exists in the world. The practical application of these problems is short in resource matching from the social-economic perspective field. In the real world, mathematical models can save a life and assist in economic growth, policymaking, optimization, and decision making. In addition to these, the models have been exploited to understand better the natural world and the conditions required to maintain life. The study below has been developed to construct a mathematical resource matching from the social economy perspective. The study is further divided into two research questions; is resource matching is referred to as unstable if the social-economic perspective prefers monetary valuation to the exchange of goods, and for all existing patterns of preferences, will it be possible to find an economically viable set to represent resource matching in social economy? The study develops some mathematical models that yield several responses to these questions to answer this question. The study comprises a theoretical and practical contribution. The results of the study, incidentally, prove that even though the problem of resource matching in social economies does no longer exist, we can still invert our absorption procedures to obtain the unique social economy, optimal through making bids to the sellers from resource matching who placed the most desirable bids up to resource matching’s quota limit that is in normal case a saturation point, while the resource matching, on the other hand, will accept all bids from the social markets that it considers optimal. The study recommends developing methods for understanding the relationship between resource matching and social economy. The methodology of the existing models and methods for quantifying the study's outcomes are also recommended for future studies.

Keywords: Mathematical model; Resource matching; Social economy; Mathematical model development; Cost-effective; Research matching (search for similar items in EconPapers)
Date: 2022
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DOI: 10.2991/978-94-6463-036-7_154

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