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MODELING INFLATION DYNAMICS USING THE LOGISTIC MODEL: INSIGHTS AND FINDINGS Kapçiu, Rinela; Preni, Brikena; Kalluçi, Eglantina; Kosova, Robert
Jurnal Ilmiah Ilmu Terapan Universitas Jambi Vol. 8 No. 1 (2024): Volume 8, Nomor 1, June 2024
Publisher : LPPM Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/jiituj.v8i1.32605

Abstract

This paper examines applying the logistic model, frequently used in biology, to analyze inflation patterns in dynamic economic systems. The primary objective is to simulate and analyze the complex dynamics of inflation, thus providing new insights into the stability of financial institutions. Numerical methods such as Euler's Method, Runge-Kutta Method (RK4), and Adams-Bashforth-Moulton's method were used to simulate inflation patterns by discretizing the logistic equation. The data utilized in this research were obtained from INSTAT, BoA, MoF, and Eurostat, with quarterly results from 1995 to 2023. The simulation results indicated that the RK4 and Adams-Bashforth-Moulton methods yielded more precise and reliable inflation forecasts than Euler's. The logistic model represented the non-linear aspects of inflation dynamics well, emphasizing the necessity of using suitable numerical approaches. The study's findings highlight the effectiveness of the logistic model in economic analysis, specifically in forecasting inflation trends. Enhanced closure approaches have proven their effectiveness in analyzing intricate economic data, providing crucial insights into the stability of inflation, and informing policy formulation. This study utilizes the logistic model to analyze inflation dynamics, offering a unique methodology for comprehending and forecasting inflation in economic systems. An analysis of several closure techniques reveals a novel aspect of financial modeling tools. The findings indicate that incorporating advanced numerical methods can significantly improve the precision of economic models. These findings significantly impact economic research and policy formulation, especially in devising measures to manage inflation and ensure financial stability.
URBAN FLOOD RESILIENCE: A MULTI-CRITERIA EVALUATION USING AHP AND TOPSIS Kosova, Robert; Hajrulla, Shkelqim; Xhafaj, Evgjeni; Kapçiu, Rinela
Jurnal Ilmiah Ilmu Terapan Universitas Jambi Vol. 8 No. 2 (2024): Volume 8, Nomor 2, December 2024
Publisher : LPPM Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/jiituj.v8i2.35387

Abstract

Floods are increasingly recognized as one of the most destructive natural disasters, driven by urban expansion, climate change, and unregulated development. This is particularly true in developing countries, where rapid urbanization has increased impervious surfaces, amplifying flood risks in urban areas. This study focuses on Albania, evaluating urban resilience against floods through the lens of water-related disaster data. Using a multi-criteria decision analysis (MCDA) approach, specifically the Analytic Hierarchy Process (AHP) and the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS), the research assesses flood vulnerability and resilience in rapidly urbanizing regions. Integrating AHP and TOPSIS with mixed methods introduces a novel approach, offering a comprehensive evaluation framework for flood risk management. The findings highlight critical vulnerabilities and suggest that targeted urban planning and disaster mitigation efforts can enhance resilience. Future research could incorporate climate projections and granular urban data, supporting a more adaptive flood management strategy.
DYNAMIC PROCESSES THROUGH THE MATHEMATICAL MODELS AND NUMERICAL EVALUATIONS Hajrulla, Shkelqim; Bedalli, Erind; Kosova, Robert; Cela, Mikaela; Ali, Loubna
Jurnal Ilmiah Ilmu Terapan Universitas Jambi Vol. 9 No. 1 (2025): Volume 9, Nomor 1, March 2025
Publisher : LPPM Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/jiituj.v9i1.37049

Abstract

This article deals with analytical and numerical methods, particularly focusing on their application in solving displacement problem using mathematical models. This is a study on the evaluation of material damping ratios obtained from experimental data and laboratory tests, an essential criterion to reproduce reality in virtual simulations done for our computational models. The methodology involves iteratively seeking optimal solutions through multiple simulations, providing a way to estimate dynamic responses accurately. The article concludes by emphasizing the importance of numerical-stepping methods in tackling challenging problems in dynamic response analysis. It highlights the significance of numerical-stepping methods for handling non-linear systems and time-varying excitations in dynamic response analysis. This research addresses fundamental issues in the context of applied mechanics. In particular, the article is intended to provide a few computational algorithms where respective graphs are generated, depicting the relationship between time and displacement. Some highly efficient numerical procedures can be developed for linear systems by interpolating the excitation over each time interval and developing the exact solution using a variety of five methods. The numerical results obtained are compared with the theoretical solution. Our research manages to evaluate the depreciation of the material through the models reviewed in the article and gives the results according to the applied models by comparing the results and calculating the absolute error.