• DocumentCode
    793112
  • Title

    Optimal investment policy: An example of a control problem in economic theory

  • Author

    Dobell, A.R. ; Ho, Y.C.

  • Author_Institution
    Harvard University, Cambridge, MA, USA
  • Volume
    12
  • Issue
    1
  • fYear
    1967
  • fDate
    2/1/1967 12:00:00 AM
  • Firstpage
    4
  • Lastpage
    14
  • Abstract
    A problem in mathematical economics concerning the optimal investment of resources is solved via the techniques of optimal control theory. Interesting theoretical complications include the simultaneous presence of interdependent control variable inequality constraints, state variable inequality constraints, and singularity conditions. Economic implications of the results are briefly discussed.
  • Keywords
    Economics; Optimal control; Aggregates; Constraint theory; Control theory; Economics; Equations; Investments; Optimal control; Production; Q measurement; TV;
  • fLanguage
    English
  • Journal_Title
    Automatic Control, IEEE Transactions on
  • Publisher
    ieee
  • ISSN
    0018-9286
  • Type

    jour

  • DOI
    10.1109/TAC.1967.1098478
  • Filename
    1098478
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=793112