| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1714009 | Nonlinear Analysis: Hybrid Systems | 2008 | 11 Pages |
Abstract
The optimal control of an economic system that divides its output among the production of consumption goods, the accumulation of new capital, and the contribution to science and technology is considered. The model is expressed as nonlinear integral equations with unknowns in the integrands and lower limits of integration. An optimization problem for the profit maximization is suggested. The necessary condition for an extremum and the second variation of the functional are derived. The structure of optimal solutions is analyzed. Interpretation of all results is provided.
Related Topics
Physical Sciences and Engineering
Engineering
Control and Systems Engineering
Authors
Natali Hritonenko,