When present value equals the change in the Hamiltonian (Q1090587)
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scientific article; zbMATH DE number 4008064
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | When present value equals the change in the Hamiltonian |
scientific article; zbMATH DE number 4008064 |
Statements
When present value equals the change in the Hamiltonian (English)
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1988
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Many companies maximize the present value of profit over some time horizon. If the company's problem is an autonomous control problem, then present value equals the Hamiltonian's decrease over the time horizon divided by the discount factor.
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present value of profit
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autonomous control problem
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discount factor
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Hamiltonian
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0.79114604
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0.77828133
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0.77323973
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0.7705252
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0.7697587
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0.7673801
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