Article ID Journal Published Year Pages File Type
1714016 Nonlinear Analysis: Hybrid Systems 2008 9 Pages PDF
Abstract
The paper analyzes a nonlinear integer-valued optimization problem that describes the optimal machine replacement under improving technology. The problem is extended into the classes of real-valued discrete-time optimization problems and continuous-time optimal control. The results include some qualitative properties of optimal management policies and the construction of an efficient numeric algorithm.
Related Topics
Physical Sciences and Engineering Engineering Control and Systems Engineering
Authors
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