Using Logical Information Modelling in Solving the Cost Measurement Problem in the Economic Space

DOI

10.2991/assehr.k.210322.210How to use a DOI?

Keywords

Economic Space, Cost Measurement Problem, Logical Information Modeling, Region

Abstract

The article studies one of the persistent problems of economics - the problem of the cost measurement in the economic space. It has been found that the underlying features of the economic space - unevenness and cohesion - predetermine the essence of regional inequality: well-developed areas are scattered across the underdeveloped areas. The local markets with the centers formed in the development areas look as though they are inscribed into the economic space, and the properties circulating in such markets represent the development/underdevelopment level of the economic space by their cost parameters. In the underdeveloped economic space, the employment of the cost measurement method together with the principle of commensuration with the reference cost is not acceptable. The methodological approach to the logical information modeling-based resolution of the cost measurement problem of the economic space requires the involvement of the two measurement components: modeling-based and forecast-based determination of cost. These components may be applied both sequentially and independently from each other. The information theory-based approach implies the determination of the real estate property cost relying upon the complete/incomplete set of features identifying the cost category of the property and the cost forecast, done by extrapolation of the cost observation of other parts of the same economic space.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Tatyana Zhigulina
AU  - Valery Meretsky
PY  - 2021
DA  - 2021/03/30
TI  - Using Logical Information Modelling in Solving the Cost Measurement Problem in the Economic Space
BT  - Proceedings of the VIII International Scientific and Practical Conference 'Current problems of social and labour relations' (ISPC-CPSLR 2020)
PB  - Atlantis Press
SP  - 746
EP  - 750
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210322.210
DO  - 10.2991/assehr.k.210322.210
ID  - Zhigulina2021
ER  -