Search Results - subject:"Optimal control problem"

Robust control with commitment : a modification to Hansen-Sargent

Dennis, Richard J. (contributor) - 2005

Persistent link: https://www.econbiz.de/10003159455

On the dynamics of capital accumulation across space

Camacho, Carmen (contributor); Zou, Benteng (contributor); … - 2005

-export balance (we offer a detailed description in section 2.1). The policy maker faces then an optimal control problem with PDE … solution to the optimal control problem with PDE of the policy maker. Furthermore, this solution is explicit (see Theorem 1 …-local problem which is out of the scope of this paper. 5 2.2 The optimal control problem The policy maker is looking for a …

Persistent link: https://www.econbiz.de/10003731610

Dynamic oligopoly à la Stackelberg with stochastic capital accumulation

Lambertini, Luca (contributor) - 2005

Persistent link: https://www.econbiz.de/10003215793

Optimal pest control in agriculture

Christiaans, Thomas (contributor); … - 2005

Based on economic methodology we model an ecosystem with two species in predator-prey relationship: mice feed on grain and grain feeds on a resource. With optimizing behavior of individual organismus a short-run ecosystem equilibrium is defined and characterized that depends on the farmer's use...

Persistent link: https://www.econbiz.de/10003215869

Optimal control and spatial heterogeneity : pattern formation in economic-ecological models

Brock, William A. (contributor); … - 2005

heterogeneity through diﬀusion driven instability. We start by considering an optimal control problem definedinthe spatial domain z … satisfying standardconcavity assumptions and consider the following optimal control problem: max {u(t,z)} Z z 1 z 0 Z t 1 t 0 f … denotes a species, (4) imply that individuals that cross the boundary die. Problem (1) is an optimal control problem in fixed …

Persistent link: https://www.econbiz.de/10003229314

The stochastic lake game : a numerical solution

Dechert, W. Davis (contributor); … - 2005

optimal control problem (11) only requires us to solve a single dynamic programming problem. The techniques in Dechert (1978 … optimal control problem, for any sequence, f˜u1;tg, and corre- sponding state sequence ˜xt+1 = G(˜xt)+Zt ˆ ˜u1;t + NX i=2 ˆui … there is a unique solution to the dynamic game, then of necessity, there is a unique solution to the optimal control problem …

Persistent link: https://www.econbiz.de/10003229344

Discretisation of stochastic control problems for continuous time dynamics with delay

Fischer, Markus (contributor); Reiß, Markus (contributor) - 2005

As a main step in the numerical solution of control problems in continous time, the controlled process is approximated by sequences of controlled Markov chains, thus discretizing time and space. A new feature in this context is to allow for delay in the dynamics. The existence of an optimal...

Persistent link: https://www.econbiz.de/10003147667

On the optimal policy for deterministic and exponential polling systems

Gaujal, Bruno; Hordijk, Arie; Laan, Dinard van der - 2005

In this paper, we consider deterministic (both fluid and discrete) polling systems with N queues with infinite buffers and we show how to compute the best polling sequence (minimizing the average total workload). With two queues, the best polling sequence is always periodic when the system is...

Persistent link: https://www.econbiz.de/10011346493

Optimal Bunching Without Optimal Control

Nöldeke, Georg; Samuelson, Larry - 2005

Persistent link: https://www.econbiz.de/10014062837

Optimal Control and Spatial Heterogeneity : Pattern Formation in Economic-Ecological Models

Brock, William A.; Xepapadeas, Anastasios - 2005

This paper extends Turing analysis to standard recursive optimal control frameworks in economics and applies it to dynamic bioeconomic problems where the interaction of coupled economic and ecological dynamics under optimal control over space creates (or destroys) spatial heterogeneity. We show...

Persistent link: https://www.econbiz.de/10014063187