Central Economic Mathematical Institute definition of Central Economic Mathematical Institute in the Free Online Encyclopedia.

Central Economic Mathematical Institute

(TsEMI; full name, Central Economic Mathematical Institute of the Academy of Sciences of the USSR), an institute established in 1963 by merging the Laboratory of Economic Mathematical Methods of the Academy of Sciences of the USSR, the Department of Economic Cybernetics of the Computer Center of the Academy of Sciences of the USSR, and subdivisions of the Council for the Study of Productive Forces of the State Planning Committee of the USSR (Gosplan) and the Institute for Problems of Integrated Transport Systems of Gosplan.

The institute comprises 16 departments and two divisions—a division for the automation of processes controlling the material and technical supply of the national economy and an Estonian division. The institute deals primarily with theoretical problems of the System for the Optimal Functioning of a Socialist Economy (SOFE). Its research makes use of economic and mathematical methods and computer technology. For example, the institute constructs models of the current, middle-term, and long-term development of the national economy and its subdivisions and devises mathematical methods for solving problems relating to optimal control of the economy. The institute has a graduate program.

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