Research methodology of fuzzy characteristics of real options in innovative projects

A Mathematical Model of Regional Socio-Economic Development of the Russian Arctic Zone

“…Having introduced the term, we tried to relate the magnitude of fluctuations in the number of jobs to the available working-age population. It was also assumed that the stochastic differential is an Ito differential [7,8,40].…”

“…The state vector of the region s(t) = [x(t), y(t), z(t)] was defined as the solution of Equations (7) and (9) It should be noted that, due to the properties of the Ito stochastic integral [7,8,40], the averaged trajectory of the solution for the system of Equation (9) will coincide with the trajectory of the deterministic system (see Figure 1). However, it is necessary to pay attention to Figure 2, where the behavior of one fixed trajectory of the solution of the proposed stochastic system is shown.…”