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Paper Details
Paper Title
The Application of stochastic differential equation on rate of budget implementation: the case of Adigrat University
Authors
Berhe Kalayu Zenabu
Abstract
This paper is devoted for the application of stochastic differential equation in the rate of budget implementation the case of Adigrat University. Here I consider a data of five years budget implemented in the university. I developed a model in forecasting a rate of budget implementation using continuous stochastic process which is the sum of a predictable and an unpredictable part. However, the model does not take into account the breakup of budget exploited in the given institution. I also included monte carlo simulation of rate of budget implementation and estimated the probability of the rate of budget implementation in the given institution which will foster the execution of the budget activities in the entire institution based on the planned budget.
Keywords- Implementation rate, stochastic, Brownian motion, forecasting
Publication Details
Unique Identification Number - IJEDR1802129Page Number(s) - 696-700Pubished in - Volume 6 | Issue 2 | June 2018DOI (Digital Object Identifier) - Publisher - IJEDR (ISSN - 2321-9939)
Cite this Article
Berhe Kalayu Zenabu, "The Application of stochastic differential equation on rate of budget implementation: the case of Adigrat University", International Journal of Engineering Development and Research (IJEDR), ISSN:2321-9939, Volume.6, Issue 2, pp.696-700, June 2018, Available at :http://www.ijedr.org/papers/IJEDR1802129.pdf
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