Optimal resource allocation in a two-sector economic model with an integral functional

DOI10.1007/S10598-017-9367-0zbMath1380.91090OpenAlexW2727571727MaRDI QIDQ1695459

Peng Zhang

Publication date: 7 February 2018

Published in: Computational Mathematics and Modeling (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10598-017-9367-0

zbMATH Keywords

optimal controlnumerical experimentsPontryagin maximum principlesingular regimesCobb-Douglas functionmaximum-principle boundary-value problemprogram-form control

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Multisectoral models in economics (91B66) Resource and cost allocation (including fair division, apportionment, etc.) (91B32)

Cites Work

• Profit maximization problem for Cobb--Douglas and CES production functions
• Optimal allocation between nutrient uptake and growth in a microbial trichome
• A study of one-dimensional optimization models with infinite horizon
• Optimal resource distribution program in a two-sector economic model with a Cobb-Douglas production function with distinct amortization factors
• Optimal resource allocation program in a two-sector economic model with a Cobb-Douglas production function
• Some algorithms of optimal control
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