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Stability and control analysis of an unemployment model incorporating integration programs effect
A new mathematical model is proposed to investigate the mechanisms of unemployment with government interventions such as internships programs. The proposed model consists of a compartmental system of four components, which are the unemployment U, the employment E, the unemployed beneficiaries of gov...
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Published in: | Advanced mathematical models & applications 2024-08, Vol.9 (2), p.267-285 |
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Main Author: | |
Format: | Article |
Language: | English |
Online Access: | Get full text |
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Summary: | A new mathematical model is proposed to investigate the mechanisms of unemployment
with government interventions such as internships programs. The proposed model consists
of a compartmental system of four components, which are the unemployment U, the
employment E, the unemployed beneficiaries of government programs Up and the cumulative
density of programs P. The qualitative analysis of differential equations is used to
analyze the model. First the equilibrium’s states are calculated, then the analysis of
their stability is discussed with to help of Routh-Hurwitz criterion and Lyapunov’s
method. Furthermore,in order to achieve the effectiveness and performance of government
programs an optimal control strategy is introduced, in which two control variables are
introduced. Finally, to validate the main analytical results, some numerical
investigations are performed. Our findings suggest that, a government’s efforts to
increase employment opportunities and assist unemployed people in starting their own
businesses are more effective at lowering the unemployment rate. Further, companies
should be encouraged to take on the unemployed who have benefited from internship
programs |
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ISSN: | 2519-4445 2519-4445 |
DOI: | 10.62476/amma9267 |