Search Results - subject:"maximum principle"

Product Innovation with Lumpy Investment

Kort, Peter; Chahim, M.; Grass, D.; Hartl, R.F. - Tilburg University, Center for Economic Research - 2012

Abstract: This paper considers a firm that has the option to undertake product innovations. For each product innovation the firm has to install a new production plant. We find that investments are larger and occur in a later stadium when more of the old capital stock needs to be scrapped....

Persistent link: https://www.econbiz.de/10011091584

A STUDY ON DISTRIBUTIONAL SYSTEMS

Popescu, Liviu; Criveanu, Radu - In: Annals of University of Craiova - Economic Sciences Series 2 (2012) 40, pp. 96-103

and no constant rank of distribution. We will use the Pontyagin Maximum Principle and the constants variation method for …

Persistent link: https://www.econbiz.de/10010627906

A maximum principle for Markov regime-switching forward-backward stochastic differential games and applications

Menoukeu-Pamen, Olivier; Momeya, Romuald Hervé - In: Mathematical methods of operations research 85 (2017) 3, pp. 349-388

Persistent link: https://www.econbiz.de/10011714509

Product innovation with lumpy investment

Chahim, M.; Grass, D.; Hartl, Richard F.; Kort, Peter M. - In: Central European journal of operations research : CEJOR … 25 (2017) 1, pp. 159-182

Persistent link: https://www.econbiz.de/10011711012

When to cross the spread: Curve following with singular control

Naujokat, Felix; Horst, Ulrich - 2011

step, a suitable version of the stochastic maximum principle is derived which yields a characterisation of the optimal …

Persistent link: https://www.econbiz.de/10010281591

The Deterministic Impulse Control Maximum Principle in Operations Research : Necessary and Sufficient Optimality Conditions (replaces CentER DP 2011-052)

Kort, Peter; Chahim, M.; Hartl, R.F. - Tilburg University, Center for Economic Research - 2011

necessary optimality conditions of the Impulse Control Maximum Principle based on the current value formulation. By reviewing … can be applied. However, we design a transformation, which ensures that the application of the Impulse Control Maximum … Principle still provides the optimal solution. Finally, we show for the first time that for some existing models in the …

Persistent link: https://www.econbiz.de/10011090959

A STUDY ON CONTROL AFFINE SYSTEMS WITH DEGENERATE COST

Liviu, Popescu - In: Revista Tinerilor Economisti (The Young Economists Journal) 1 (2011) 16, pp. 117-122

Maximum Principle in order to find the general solution. …

Persistent link: https://www.econbiz.de/10010819411

When to Cross the Spread: Curve Following with Singular Control

Naujokat, Felix; Horst, Ulrich - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2011

step, a suitable version of the stochastic maximum principle is derived which yields a characterisation of the optimal …

Persistent link: https://www.econbiz.de/10009246595

The spatial AK model and the Pontryagin maximum principle

Ballestra, Luca Vincenzo - In: Journal of mathematical economics 67 (2016), pp. 87-94

Persistent link: https://www.econbiz.de/10011666061

Economic study of problems of depletion of several interrelated non-renewable resources

García-Rubio, Raquel; Bayón, L.; Otero, J. A.; … - In: Computational economics 48 (2016) 3, pp. 503-521

Persistent link: https://www.econbiz.de/10011712530