Title :
The consumption-tracking problem of the singular dynamic input-output macro-economic model
Author :
Zhaolin, Cheng ; Jiuxi, Yan ; Kejie, Zhao ; Hongting, Ying
Author_Institution :
Dept. of Math., Shandong Univ., Jinan, China
Abstract :
In this paper the optimal consumption-tracking problem of the singular dynamic input-output macro-economic model is solved by using a new method called artificial feedback technique. Here, the objective functional is chosen as the LQ cost based on a consumption-tracking principle, and the system equation is described as a singular linear difference equation with a non-regular pencil of matrices
Keywords :
difference equations; economic cybernetics; feedback; matrix algebra; optimal control; LQ cost; artificial feedback technique; consumption-tracking problem; matrices; nonregular pencil; singular dynamic input-output macro-economic model; singular linear difference equation; Cost function; Differential equations; Erbium; Government; Mathematics; Optimal control; Production; State feedback; Transforms;
Conference_Titel :
Decision and Control, 1993., Proceedings of the 32nd IEEE Conference on
Conference_Location :
San Antonio, TX
Print_ISBN :
0-7803-1298-8
DOI :
10.1109/CDC.1993.325933
