Optimal Control of a Class of Systems with Continuous Lags : Dynamic Programming Approach and Economic Interpretations

This paper derives a maximum principle for dynamic systems with continuous lags, i.e., systems governed by integrodifferential equations, using dynamic programming. As a result, the adjoint variables can be provided with useful economic interpretations

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Year of publication:	2019
Authors:	Hartl, R. F. ; Sethi, Suresh
Publisher:	[S.l.] : SSRN
Subject:	Dynamische Optimierung \| Dynamic programming \| Mathematische Optimierung \| Mathematical programming \| Kontrolltheorie \| Control theory

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Extent:	1 Online-Ressource (16 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Optimization Theory and Applications, Vol. 43, No. 1, pp. 73-88, May 1984 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 1, 1984 erstellt
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014046450