A Note on the Nerlove-Arrow Model Under Uncertainty

This note examines the stability of an optimal control problem based on a particular stochastic extension of the Nerlove-Arrow advertising model. It is shown that depending on the parameters of the problem and the initial conditions, the optimal solution may converge monotonically or sinusoidally, or not converge at all to the optimal stationary equlibrium. Some errors in this note are corrected in Erratum, Operations Research, Vol. 28, No. 4 (Jul. - Aug., 1980), pp. 1026-1027

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Year of publication:	[2008]
Authors:	Sethi, Suresh
Publisher:	[2008]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Risiko \| Risk
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Series:	Operations Research ; Vol. 27, No. 4, pp. 839-842, 1979
Type of publication:	Book / Working Paper
Language:	English
Notes:	Volltext nicht verfügbar
Classification:	M3 - Marketing and Advertising ; M31 - Marketing ; M37 - Advertising ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012772051